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WYN > SEC Filings for WYN > Form 8-K on 5-Mar-2014All Recent SEC Filings

Show all filings for WYNDHAM WORLDWIDE CORP



Change in Directors or Principal Officers, Financial Statements and Exhibi

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

On March 3, 2014, Wyndham Worldwide Corporation (the "Company") announced that Geoff Ballotti has been appointed to serve as president and CEO of the Company's hotel franchising and management division, Wyndham Hotel Group, to succeed Eric Danziger in that position, who will be leaving the Company. Mr. Ballotti currently serves as president and CEO of the Company's timeshare exchange and managed vacation rental division, Wyndham Exchange & Rentals. Mr. Danziger's severance compensation will be consistent with his employment agreement. The transition is anticipated to begin effective March 28, 2014.

On March 3, 2014, the Company entered into Amendment No. 4 to Employment Agreement with Mr. Ballotti. The amendment reflects Mr. Ballotti's new title and extends the term of Mr. Ballotti's employment from the current termination date of March 31, 2014 to March 31, 2017. Except as indicated herein, all other material terms of the employment agreement remain in effect.

A copy of the Company's press release is furnished as Exhibit 99.1 and is incorporated by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is furnished with this report:

Exhibit No. Description Exhibit 99.1 Press Release of Wyndham Worldwide Corporation, dated March 3, 2014.

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