Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 8, 2022, Sabre Corporation ("Sabre") announced that that Karl Peterson
will retire as Chairman of the Board and that Sean Menke has been elected Chair
of the Board and Chief Executive Officer, each effective as of April 28, 2022.
Mr. Peterson's retirement as Chairman of the Board does not affect his position
as a director of Sabre. Sabre also announced that Gregg Saretsky has been
elected as independent Lead Director, effective as of April 28, 2022, with the
duties set forth in Sabre's Corporate Governance Guidelines. The Board of
Directors (the "Board") has approved an amendment to Sabre's non-employee
director compensation program to provide for an additional annual cash retainer
for the Lead Director in the amount of $50,000, effective April 28, 2022.
In addition, on March 8, 2022, Sabre announced that Gary Kusin will retire from
the Board, as well as from all Board committees on which he sits, immediately
prior to Sabre's Annual Meeting of Stockholders, to be held on April 27, 2022.
His decision to retire is not the result of any disagreement with Sabre or its
management with respect to any matter relating to Sabre's operations, policies
or practices. The size of the Board will be reduced to ten directors, effective
upon his retirement from the Board.
A copy of the press release announcing these items is included as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release, dated March 8, 2022.
104 Cover Page Interactive Data File-formatted as Inline XBRL.
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