Current Report · Items 5.02, 7.01, 9.01 · 8-K
Hyatt Hotels Corporation
HNYSEEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On February 16, 2026, Thomas J.…
Filed Feb 17, 2026Accepted Feb 17, 2026, 6:04 AM ESTCIK 1468174Accession 0001104659-26-015532
Company context
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose - to care for people so they can be their best. As of March 31, 2026, the Company's portfolio included more than 1,500 hotels and all-inclusive properties in 83 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX®, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid® Hotels & Resorts, Bahia Principe Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Unscripted by Hyatt, Hyatt Place®, Hyatt House®, Hyatt Studios®, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.
Current securities
Disclosure sections
Items 5.02, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b) On February 16, 2026, Thomas J. Pritzker notified the Board of
Directors (the “Board”) of Hyatt Hotels Corporation (the “Company”) that he will retire as Executive Chairman
of the Board, effective immediately, and will not stand for re-election as a Class II director at the Company’s 2026 Annual Meeting
of Stockholders (the “Annual Meeting”). Mr. Pritzker will serve the remainder of his term as a director of the Company. Mr.
Pritzker’s decision was not the result of any disagreement with the Company on any matter relating to the Company’s operations,
policies, or practices.
On February 16, 2026, the Board appointed Mark S. Hoplamazian to succeed
Mr. Pritzker as Chairman of the Board, in addition to his role as President and Chief Executive Officer of the Company, effective immediately.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On February 16, 2026, the Company issued a press release announcing
Mr. Pritzker’s decision to retire as Executive Chairman of the Board, effective immediately, and to not stand for re-election at
the Annual Meeting, a copy of which is filed as Exhibit 99.1 hereto and incorporated herein by reference.
The Company’s dual-class ownership structure, which is governed
by the Company’s Amended and Restated Certificate of Incorporation (the “Charter”), is not affected by Mr. Pritzker’s
decision to retire as Executive Chairman of the Board and to not stand for re-election at the Annual Meeting.
As previously disclosed by the Company in filings with the Securities
and Exchange Commission (“SEC”), there are currently three separate voting agreements entered into with or among the Company’s stockholders. The 2007 Stockholders’ Agreement provides that shares of Class B common stock covered by the agreement
will be voted consistent with the recommendation of the Company’s Board and that, at the time Mr. Pritzker is no longer the Executive
Chairman of the Board, such voting provisions will terminate. As of the date hereof, 2,270,395 shares of Class B common stock or
approximately 4.0% of the total voting power of the Company’s outstanding common stock were covered by the 2007 Stockholders’
Agreement, and the voting provisions of these shares of Class B common stock terminate as a result of the retirement of Mr. Pritzker from
his position as Executive Chairman of the Board. The other two voting agreements, the Amended and Restated Global Hyatt Agreement
and the Amended and Restated Foreign Global Hyatt Agreement, do not contain such provisions and currently remain in effect and unchanged.
The foregoing descriptions of the Charter and the three separate voting
agreements do not purport to be complete and are subject to, and qualified in their entirety by, the Charter, the Amended and Restated
Global Hyatt Agreement, the Amended and Restated Foreign Global Hyatt Agreement, and the 2007 Stockholders’ Agreement, respectively,
copies of which have been filed with the SEC and are incorporated by reference herein.
The information in Item 7.01 of this report (including Exhibit 99.1)
is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference
in any filing under the Securities Act of 1933, as amended.
Filed exhibits (1)
EX-99.1 (by filename) tm266532d1_ex99-1.htmEX-99.1
2
tm266532d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Hyatt Announces Thomas J. Pritzker Retires as
Executive Chairman and Will Not Seek Re-Election to Board of Directors;
Mark S. Hoplamazian Assumes Combined Role of
Chairman of the Board and Chief Executive Officer
CHICAGO (February 16, 2026) - Hyatt Hotels Corporation
("Hyatt," "the Company," "we," "us," or "our") (NYSE: H) today announced that Thomas
J. Pritzker, Executive Chairman of the Board of Directors, has informed the Board that he will retire as Executive Chairman, effective
immediately, and will not seek re-election to the Board of Directors at Hyatt’s upcoming Annual Meeting of Stockholders in May.
The Board has appointed Mark S. Hoplamazian, Hyatt’s President and Chief Executive Officer, to succeed Mr. Pritzker as Chairman
of the Board, effective immediately.
Mr. Pritzker has served as a member of Hyatt’s Board and as Executive Chairman since August 2004 and began his senior executive
and Chairman responsibilities for predecessor entities starting in 1980. During his tenure, he has provided strategic stewardship as Hyatt
expanded its global brand presence, strengthened its asset-light business model, and …
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