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[January 06, 2014]
VIAD CORP FILES (8-K) Disclosing Change in Directors or Principal Officers
(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS (b) Departure of Certain Officers; Appointment of Certain Officers Effective January 2, 2014, Mr. Michael M. Hannan resigned for personal reasons as President of the Travel & Recreation Group of Viad Corp (the "Company") and as President of the Company's Brewster Travel Canada ("Brewster") business unit.
The Company and Mr. Hannan are currently preparing a Transition Services Agreement, pursuant to which Mr. Hannan would be available to the Company on a consulting basis. The terms of the Transition Services Agreement will be disclosed in an amendment to this Current Report on Form 8-K (this "Report"), if and when agreed upon and executed.
Mr. Paul B. Dykstra, Chairman, President and Chief Executive Officer of the Company, will serve as President of the Travel & Recreation Group. Mr. David C.
McKenna, Vice President of Hotels and Attractions for Brewster, has assumed the position of Interim President of Brewster and reports to Mr. Dykstra. Ms.
Cynthia J. Ognjanov continues to serve as the President of the Glacier Park, Inc. business unit, and has assumed the position of President of the Alaska Denali Travel business unit, also reporting to Mr. Dykstra.
A copy of the Company's press release, dated January 6, 2014, relating to the Company's new leadership structure for its Travel & Recreation Group is attached as Exhibit 99 to this Report and incorporated by reference herein.
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