Skip to content
AnalystLens

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

Reports
Leadership Changes·Exhibits & Filings
Filing Date
Filed April 5, 2024
Period End
April 4, 2024
Security
BKNG
In the record · 2016–202610-K1110-Q328-K145

BKNG filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 145 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jun ’18Jun ’18
  2. Restructuring8-K · Sep ’20Sep ’20
  3. Leadership change8-K · Apr ’22Apr ’22
  4. Material agreement8-K · May ’26May ’26

01—Abstract

Summary

Summary of the 8-K filed April 5, 2024. Cited figures are marked; the original filing is the authoritative source.

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 $630,000a 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.

02—Key points

Key Highlights

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

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    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.

  2. What are the new employment terms for David I. Goulden?

    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.

  3. How is David I. Goulden being compensated during this extended period?

    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.

  4. Has the new CFO, Ewout L. Steenbergen, officially started?

    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.

04—Continue

← View all 8-K filings