UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): December 4, 2018
Hilton Grand Vacations Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware | 001-37794 | 81-2545345 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
6355 MetroWest Boulevard, Suite 180 Orlando, Florida |
32835 | |
(Address of principal executive offices) | (Zip Code) |
(407) 613-3100
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. | Regulation FD Disclosure. |
As previously announced, on December 4, 2018, Hilton Grand Vacations Inc. (the Company) held an investor day conference in New York City. The presentation and the written materials discussed at the conference were simultaneously publicly disclosed and accessible via live webcast through the Companys investor relations page of its website, as noted in such prior announcements. A replay of the webcast and the written presentation materials are also available under the Events and Presentations section of the investor relations page at http://investors.hgv.com. In addition, a copy of the written presentation materials is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in Item 7.01 of this Current Report, including Exhibit 99.1 hereto, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
Description | |
Exhibit 99.1 | Hilton Grand Vacations Inc.s December 4, 2018 Investor Day Presentation. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HILTON GRAND VACATIONS INC. | ||||||
Date: December 4, 2018 | By: | /s/ Charles R. Corbin | ||||
Charles R. Corbin Executive Vice President, General Counsel and Chief Development Officer |
Exhibit 99.1Exhibit 99.1
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+$1.0B +$1.4B +$0.9B+$1.0B +$1.4B +$0.9B
+$0.9B +$0.3B +$0.5B +$1.4B +$0.3B +$1.0B+$0.9B +$0.3B +$0.5B +$1.4B +$0.3B +$1.0B
APPROX. ~49M APPROX. APPROX. 49M 107M 128M APPROX. 225K APPROX. ~49M APPROX. APPROX. 49M 107M 128M APPROX. 225K
APPROX. $4,200APPROX. $4,200
• • • • •• • • • •
54% 10%54% 10%
1 $1.5B1 $1.5B
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• • • •• • • •
2001 Great recession recession2001 Great recession recession
•• • • • • • ••• • • • • • •
340K 71M 177K 5.7% 4.1% 4.1% 106K 122K 23M340K 71M 177K 5.7% 4.1% 4.1% 106K 122K 23M
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1. All figures ASC 605 2. Represents contract sales from fee-for-service properties on which we earn commissions and brand fees. 3. Includes adjustments for revenue recognition, including percentage-of-completion deferrals and amounts in rescission, and sales incentives, as well as adjustments related to granting credit to customers for their existing ownership when upgrading into fee-for-service projects. Disclaimer: Past performance does not necessarily predict future results1. All figures ASC 605 2. Represents contract sales from fee-for-service properties on which we earn commissions and brand fees. 3. Includes adjustments for revenue recognition, including percentage-of-completion deferrals and amounts in rescission, and sales incentives, as well as adjustments related to granting credit to customers for their existing ownership when upgrading into fee-for-service projects. Disclaimer: Past performance does not necessarily predict future results