Hilton Grand Vacations Reports Temporary Leave of CFO in Recent 8-K Filing

Hilton Grand Vacations Inc. filed a Form 8-K with the Securities and Exchange Commission on February 7, 2025, announcing the temporary leave of absence of Daniel J. Mathewes, the President and Chief Financial Officer of the company. Mathewes informed the company of his decision, effective immediately, for personal reasons. It was emphasized that his leave is unrelated to the strategic, operational, financial reporting, or internal control aspects of the company.

To fill the position during Mathewes’ absence, Erin Day, Executive Vice President of Finance at Hilton Grand Vacations, has been appointed as the acting Chief Financial Officer. Day has been serving in various finance roles in the company since December 2019, with her most recent position as Executive Vice President of Finance since April 2024. Her compensation remains unchanged, with an annual base salary of $400,000 and standard incentive award opportunities.

The company confirmed that there are no undisclosed arrangements regarding Day’s appointment as acting CFO, and she has no material interest in any ongoing or planned transactions requiring disclosure under Regulation S-K Item 404(a). Additionally, there are no family relationships between Day and any of the company’s directors or executives.

The 8-K filing further disclosed that a severance agreement similar to the company’s standard executive officers’ agreement is in place between Hilton Grand Vacations and Erin Day. Lastly, it was indicated that the filing was duly signed by Charles R. Corbin, the company’s Executive Vice President, General Counsel, and Secretary.

The efficient interim appointment and the transparency detailed in the filing showcase Hilton Grand Vacations’ commitment to maintaining stability during leadership transitions and upholding best practices in corporate governance.

In other news, Fortive Corporation (NYSE: FTV) recently reported strong financial results for the fourth quarter and full year 2024, with notable margin expansion and record cash flow achievements. The company also introduced its outlook for the first quarter and full year of 2025, projecting year-over-year increases in both GAAP diluted EPS and adjusted diluted EPS.

Fortive Corporation announced its plans to separate its Precision Technologies business into an independent publicly traded company named Ralliant. The separation is expected to qualify as a tax-free spin-off for Fortive shareholders and is targeted for completion early in the third quarter of 2025, subject to customary approvals and conditions.

The financial community awaits further developments as both Hilton Grand Vacations and Fortive embark on significant transitions in their respective corporate strategies and structures. Investors continue to monitor updates from these companies for insights into their operational and financial performances moving forward.

For further information, interested parties can access the complete 8-K filing on the SEC’s EDGAR database.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Hilton Grand Vacations’s 8K filing here.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.