Form 8-K Expedia, Inc. For: Sep 26

 

 

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) September 26, 2016

 

 

EXPEDIA, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		001-37429		20-2705720
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

333 108^th Avenue NE

Bellevue, Washington 98004

(Address of principal executive offices) (Zip code)

(425) 679-7200

Registrant’s 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))

 

 

 

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Item 7.01.

Regulation FD Disclosure.

On September 26, 2016, Expedia, Inc.’s HomeAway brand issued a press release announcing that John Kim will become president of HomeAway while its co-founder and current CEO, Brian Sharples, will move into the role of Chairman through January 2017. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

NOTE: The information furnished under Item 7.01 (Regulation FD Disclosure) of Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing 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 Number		Description
99.1		HomeAway press release, dated September 26, 2016.

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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.

 

Dated: September 26, 2016

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Exhibit Number		Description
99.1		HomeAway press release, dated September 26, 2016.

Exhibit 99.1

HomeAway Co-Founder and CEO Brian Sharples to Become Chairman

and John Kim to Lead Company

AUSTIN, Texas, September 26, 2016. HomeAway announced today that John Kim will become president of HomeAway while its co-founder and current CEO, Brian Sharples, will move into the role of Chairman through January 2017.

“While it’s never easy to hand over the reins of something you built, I believe now is the right time to empower the next generation of leadership as we continue the hard work of transitioning to an online transaction model,” said Sharples. “John is already an incredible force within HomeAway, and I’m very comforted in knowing we have someone of such caliber to lead our overall mission.”

“Brian and his amazingly talented team built HomeAway into one of the great, global travel brands through bold vision, daring deal-making and a passion for the alternative lodging consumer as well as owners and property manager communities. He leaves behind an incredible foundation and legacy that we plan to build on as part of the Expedia, Inc. family,” said Dara Khosrowshahi, president and chief executive officer, Expedia, Inc., HomeAway’s parent company. “John’s leadership, belief and deep understanding of the power of science and technology to drive innovation will allow HomeAway to build first-class experiences for its travelers and partners, including increased investment in technology and programs that best merchandise owners’ and property managers’ unique collection of properties to travelers across the globe.”

Kim joined HomeAway in early 2016 as its chief ecommerce officer. Prior to joining the HomeAway in Austin, Kim served as the chief product officer for Expedia, leading global product development efforts for the Expedia, Orbitz, Travelocity, Wotif, AirAsiaGo brands as well as for end-to-end hotel, air, car, and activities supplier systems.

About HomeAway

HomeAway was founded in February, 2005 by Brian Sharples and Carl Shepherd to connect vacation home owners and managers with travelers, offering an extensive selection of properties that provide memorable experiences and benefits - like more room to relax and added privacy - typically for less than the cost of traditional hotel accommodations. The company has since grown to become the leader in vacation rentals with sites representing more than one million online bookable listings. Headquartered in Austin with offices around the world, HomeAway became part of the Expedia, Inc. (NASDAQ: EXPE) family of brands in December 2015.

PRESS CONTACT

Expedia, Inc.

Investor Relations

(425) 679-3759

[email protected]

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