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CHH > SEC Filings for CHH > Form 8-K on 19-Dec-2013All Recent SEC Filings

Show all filings for CHOICE HOTELS INTERNATIONAL INC /DE | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 14, 2013, the Board of Directors of Choice Hotels International, Inc. (the "Company") approved the promotion of Patrick Pacious, age 47, to Chief Operating Officer of the Company, effective January 1, 2014.

Mr. Pacious previously served as the Company's Executive Vice President, Global Strategy & Operations since February 2012, as the Company's Executive Vice President, Strategy, Distribution & Technology from February 2011 to February 2012, as the Company's Senior Vice President, Distribution & Technology from October 2010 to February 2011, as the Company's Senior Vice President, Corporate Strategy & Information Technology from November 2008 to October 2010, and as the Company's Senior Vice President, Corporate Development and Strategy from December 2007 to November 2008.

In connection with his promotion, effective January 1, 2014, Mr. Pacious':
(i) annual base salary will be $517,680, (ii) target incentive opportunity under the Company's short-term incentive plan will be 75% of his annual salary, and
(iii) target annual equity grant award value under the Company's long-term incentive program will be 175% of his annual salary.

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