0001571049-17-000695.txt : 20170126 0001571049-17-000695.hdr.sgml : 20170126 20170126095825 ACCESSION NUMBER: 0001571049-17-000695 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170123 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170126 DATE AS OF CHANGE: 20170126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Travelport Worldwide LTD CENTRAL INDEX KEY: 0001424755 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36640 FILM NUMBER: 17548325 BUSINESS ADDRESS: STREET 1: AXIS ONE, AXIS PARK CITY: LANGLEY, BERKSHIRE STATE: X0 ZIP: SL3 8AG BUSINESS PHONE: 44-1753-288-000 MAIL ADDRESS: STREET 1: AXIS ONE, AXIS PARK CITY: LANGLEY, BERKSHIRE STATE: X0 ZIP: SL3 8AG 8-K 1 t1700216_8k.htm FORM 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

Form 8-K

  

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

  

Date of Report (Date of earliest event reported) January 26, 2017 (January 23, 2017)

  

 

 

Travelport Worldwide Limited

(Exact name of Registrant as specified in its charter)

  

 

 

Bermuda 001-36640 98-0505105
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation)   Identification Number)

 

Axis One, Axis Park

Langley, Berkshire, SL3 8AG,
United Kingdom

(Address of principal executive
office)

 

Registrant's telephone number, including area code +44-1753-288-000

 

N/A

(Former name or former address if changed since last
report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

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

 

Effective March 1, 2017, Gavin Baiera has resigned from our Board of Directors (the “Board”), as well as the Compensation Committee and Nominating and Corporate Governance Committee of our Board. Mr. Baiera has no disagreement with the Company’s operations, policies or practices.

 

On January 23, 2017, our Board appointed John B. Smith to our Board effective March 1, 2017. In connection with such appointment, Mr. Smith will be paid $200,000 per year as compensation for his service as a member of the Board, in a mix of $75,000 in cash and $125,000 in time-based restricted share units, consistent with the compensation paid to the other members of our Board.

 

A copy of the press release issued in connection with Mr. Baiera’s resignation and Mr. Smith’s appointment is attached hereto as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

The following exhibits are filed as part of this report:

 

Exhibit No.   Description
     
99.1   Press Release dated January 26, 2017.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  TRAVELPORT WORLDWIDE LIMITED
   
  /s/ Rochelle Boas
  Rochelle Boas
  Senior Vice President and Secretary

 

Date: January 26, 2017

 

 

 

 

TRAVELPORT WORLDWIDE LIMITED

CURRENT REPORT ON FORM 8-K

Report Dated January 26, 2017 (January 23, 2017)

 

EXHIBIT INDEX

 

99.1 Press Release dated January 26, 2017.

 

 

 

EX-99.1 2 t1700216_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

PRESS RELEASE  

 

Travelport Appoints John Smith as a Non-Executive Director to its

Board of Directors

 

Langley, UK: January 26, 2017 - Travelport (NYSE:TVPT), a leading Travel Commerce Platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry, today announced the appointment of Mr John Smith to its Board of Directors. The appointment is effective from March 1, 2017.

 

Until recently, Mr. Smith was Chief Operating Officer of the Burberry Group - the company which makes and sells products under the Burberry brand. He remains a member of Burberry’s Board. During his time with Burberry, amongst his many achievements, he has been credited with driving digital growth and optimising the potential of the Burberry beauty and travel businesses on a global basis. Mr Smith will step down from Burberry’s Board by the summer of 2017.

 

Prior to Burberry Mr Smith spent 23 years at the British Broadcasting Corporation (BBC). Joining in 1989, he held a variety of positions including Chief Operating Officer, Director of Finance, Property & Business Affairs and Finance Director. Mr Smith was appointed Chief Executive of BBC Worldwide in 2004, the commercial arm of the corporation whose media content is sold worldwide through a variety of digital channels. During his time in this role, which he held for eight years, he led a digital transformation of the division and increased profit four-fold. Mr. Smith has also previously served as a non-executive director of UK-listed companies Severn Trent PLC and Vickers PLC and was also a member of the UK Accounting Standards Board from 2001 to 2004.

 

Mr Smith will replace Mr Gavin Baiera from Angelo, Gordon & Co. who retires from the Board on March 1, 2017, having served as a member since 2011.

 

Commenting on the appointment, Douglas Steenland, Chairman of the Travelport Board of Directors, said: “I am delighted to welcome John Smith to our Board. John has led a number of global businesses and has an exceptional track record within finance, operations and embracing the new opportunities offered by the digital economy. We look forward to drawing on these skills as Travelport continues to redefine travel commerce and extends its digital capabilities across mobile, robotics, artificial intelligence, next generation payments and the consumer grade presentation and merchandising of travel content for its diverse range of clients. I would also like to extend my sincere thanks to Gavin Baiera who has played a significant role on our

 

 

 

 

Board over the past five years in enabling Travelport to progress to become the sort of leading edge business it is today.”

 

John Smith added: “This is a hugely exciting time to be joining the Travelport Board of Directors. Having developed digital strategies and platforms for international brands I can see where there is enormous further potential for this business based on the assets that have been acquired and built under the leadership of the CEO, Gordon Wilson. I am looking forward to providing my strategic contribution as part of the Board to help Travelport realize its further potential. Travelport benefits from a truly global customer base, as well as industry leading technology and content, which position it very well for where and how the travel economy is moving.”

 

Travelport’s Board of Directors consists of eight members, all of whom, with the exception of the President and CEO, Gordon Wilson, are independent directors.

 

Full details of Travelport’s Board of Directors can be found here.

 

About Travelport

 

Travelport is a Travel Commerce Platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry.  With a presence in approximately 180 countries, over 3,700 employees and an additional 1,200 employees at IGT Solutions Private Ltd who provide us with application development services, our 2015 net revenue was over $2.2 billion.

 

Travelport is comprised of:

 

·A Travel Commerce Platform through which it facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business to business (B2B) travel marketplace. Travelport has a leadership position in airline merchandising, hotel content and rate distribution, mobile travel commerce and a pioneering B2B payment solution that addresses the needs of travel intermediaries to efficiently and securely settle travel transactions.

·Technology Services through which it provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions, enabling them to focus on their core business competencies and reduce costs. 

 

Travelport is headquartered in Langley, UK. The company is listed on the New York Stock Exchange and trades under the symbol “TVPT”.

 

For media enquiries, please contact:

 

Travelport

 

Kate Aldridge, Vice President, Corporate Communications

Tel: +44 (0)1753 288 720

kate.aldridge@travelport.com

 

 

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