8-KLeadership ChangesExhibits & Filings

Booking Holdings Inc. 8-K Report, Executive Changes (Apr 5, 2024)

Filed April 5, 2024For Securities:BKNG

Summary

Booking Holdings Inc. (BKNG) filed an 8-K on April 4, 2024, detailing an amendment to the separation agreement with former CFO David I. Goulden. The amendment extends Mr. Goulden's employment through December 31, 2024, facilitating a smoother transition with the new CFO, Ewout L. Steenbergen, who officially took over on March 15, 2024. This extension includes a full-time period until May 31, 2024, followed by a part-time role for the remainder of the year. Investors should note the terms of this amended agreement, including Mr. Goulden's continued compensation. He will receive a base salary of $630,000 during the initial full-time transition period and $315,000 during the part-time period. He also remains eligible for a prorated bonus for 2024, based on his target bonus as CFO. This filing primarily addresses executive transition details and does not appear to contain new financial results or strategic business updates.

Key Highlights

  • 1Amendment to David I. Goulden's separation agreement, extending his employment.
  • 2New CFO Ewout L. Steenbergen officially commenced on March 15, 2024.
  • 3Mr. Goulden will continue full-time employment through May 31, 2024, for transition support.
  • 4Mr. Goulden will transition to part-time employment from June 1, 2024, to December 31, 2024.
  • 5Mr. Goulden's base salary during the Subsequent Employment Period (full-time) is $630,000.
  • 6Mr. Goulden's base salary during the Part-Time Employment Period is $315,000.
  • 7Mr. Goulden remains eligible for a 2024 bonus based on his previous CFO role and earned salary.

Frequently Asked Questions

The main purpose of this 8-K filing is to report an amendment to the employment agreement for David I. Goulden, the former Chief Financial Officer, to facilitate a smooth transition to the new CFO, Ewout L. Steenbergen.

David I. Goulden's employment has been extended. He will work full-time through May 31, 2024, and then transition to a part-time role from June 1, 2024, through December 31, 2024, to assist with the CFO transition.

During the full-time period (through May 31, 2024), Mr. Goulden will receive a base salary of $630,000. During the part-time period (June 1 to December 31, 2024), his base salary will be $315,000. He is also eligible for a prorated bonus for 2024.

Yes, Ewout L. Steenbergen was appointed Executive Vice President and Chief Financial Officer effective March 15, 2024. David I. Goulden ceased serving as CFO on that date.