On May 30, 2018, La Quinta Holdings Inc. completed a series of previously announced transactions in which immediately prior to the Merger, pursuant to a Separation and Distribution Agreement dated January 17, 2018, La Quinta, among other things, effected a reclassification and combination of the La Quinta Common Stock whereby each share of the common stock of La Quinta (par value $0.01) was reclassified and combined into one half of a share of the common stock of La Quinta (par value $0.02), conveyed La Quinta’s owned real estate assets and certain related assets and liabilities to CorePoint Lodging Inc., and, thereafter, distributed to the holders of the common stock of La Quinta all of the issued and outstanding shares of common stock of CorePoint, and immediately after the Distribution, Wyndham Worldwide Corporation, completed its acquisition of La Quinta’s franchise and management business pursuant to the terms of the Agreement and Plan of Merger, dated as of January 17, 2018, by and among La Quinta, Wyndham Worldwide and WHG BB Sub Inc., pursuant to which Merger Sub was merged with and into La Quinta, with La Quinta continuing as the surviving corporation. As a result of the Merger, La Quinta became a wholly owned subsidiary of Wyndham Worldwide. Pursuant to the terms of the Merger Agreement, in connection with the Merger, at the Effective Time on May 30, 2018, each of James Abrahamson, Glenn Alba, Scott Bergren, Alan J. Bowers, Henry G. Cisneros, Keith A. Cline, Giovanni Cutaia, Brian Kim, Mitesh B. Shah and Gary M. Sumers voluntarily resigned from the board of directors of La Quinta and the following directors of Merger Sub became the initial directors of La Quinta: Paul Cash, Robert Loewen and Nicola Rossi.