01—Abstract
Summary
Summary of the 8-K filed November 7, 2024. Cited figures are marked; the original filing is the authoritative source.
Expedia Group, Inc. (EXPE) has filed an 8-K report on November 7, 2024, primarily announcing its financial results for the quarter ended September 30, 2024.
The company is utilizing non-GAAP financial measures in its earnings release and conference call, with reconciliations provided in the furnished Exhibit 99.1. This report also discloses a significant leadership change: Chief Financial Officer Julie Whalen will be stepping down from her role. Ms. Whalen is expected to transition out of her CFO position before February 17, 2025, and has agreed to stay with the company until that date to ensure a seamless handover.
Her departure is expected to trigger severance and equity award acceleration as per her employment agreement. Importantly, her resignation from the Board of Directors was effective immediately and was not due to any disagreements with the company's operations, policies, or practices. Investors should closely review the provided earnings release for detailed financial performance and the implications of the CFO transition.
02—Key points
Key Highlights
- Expedia Group, Inc. announced its financial results for the quarter ended September 30, 2024, via an earnings release on November 7, 2024.
- The company is referencing non-GAAP financial measures in its earnings release and conference call, with reconciliations available in Exhibit 99.1.
- Chief Financial Officer (CFO) Julie Whalen will be stepping down from her role.
- Ms. Whalen's departure as CFO is expected to occur before February 17, 2025.
- Ms. Whalen will remain with Expedia Group through February 17, 2025, to facilitate a smooth transition.
- Ms. Whalen's resignation as CFO will entitle her to severance and equity award acceleration per her employment agreement.
- Ms. Whalen resigned from the Board of Directors immediately on November 7, 2024, with no stated disagreements with the company.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to announce Expedia Group's financial results for the quarter ended September 30, 2024, and to disclose a change in its executive leadership, specifically the upcoming departure of its Chief Financial Officer.
When will the current CFO, Julie Whalen, officially leave?
Julie Whalen is expected to step down as Chief Financial Officer before February 17, 2025. She has agreed to stay with the company until February 17, 2025, to assist with the transition.
What financial information is being provided, and where can I find it?
Expedia Group issued an earnings release on November 7, 2024, detailing its financial results for the quarter ended September 30, 2024. This release, which includes both GAAP and non-GAAP financial measures (with reconciliations for non-GAAP measures), is furnished as Exhibit 99.1 to this 8-K filing.
Is Julie Whalen's departure due to any company issues?
No, the filing explicitly states that Ms. Whalen's resignation from the Board of Directors was not a result of any disagreement with the Company on any matter relating to its operations, policies, or practices. Her departure is presented as a planned transition.
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