Thread regarding Sabre Holdings layoffs

Preparing for the inevitable

Section 1. Elimination of Certain Liability of Directors and Officers. To the fullest extent authorized by the DGCL, a director or officer of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director or officer.

https://investors.sabre.com/static-files/1d05c306-8bba-46fe-8631-2552cbf0b643

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| 2761 views | | 9 replies (last June 13, 2024) | Reply
Post ID: @OP+1sWGef3R

9 replies (most recent on top)

Ok. I'll do my best.
On 2024 Annual Meeting, the following was approved by vote:
2024 Omnibus Plan and the 2024 Director Plan for executives - granted certain awards, including cash incentive awards, incentive stock options, RSUs.
Nothing to do with the state of the company other than great bonus for management.

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Post ID: @4hlk+1sWGef3R

Please share your interpretation rather than just asking "have you read it?". You've obviously got an opinion about it.

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Post ID: @4naq+1sWGef3R

Nice copy paste text from the world wide web. Again, have you read what was in the filing?

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Post ID: @2nay+1sWGef3R

The SEC requires companies to file an 8-K to announce significant events relevant to shareholders. Companies have four business days to file an 8-K for most specified items. Public companies use Form 8-K as needed, unlike some other forms that must be filed annually or quarterly.

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Post ID: @2jqk+1sWGef3R

It's a statement they have to declare. Nothing new here. Did you read any part of the document?

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Post ID: @1alu+1sWGef3R

Wow. The stockholders and employees are sc--wed.

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Post ID: @rpy+1sWGef3R

@vty+1sWGef3R Take a pick. Here are some examples of when Form 8-K might be required:

  • Bankruptcies
  • The creation of certain financial obligations, such as incurrence of material debt
  • Events that accelerate material obligations (such as defaults on a loan)
  • Costs associated with exit or disposal plans (layoffs, plant shutdowns, etc.)
  • Changes to fundamental business policies or practices
  • Delisting from security exchanges
  • Modifications to shareholder rights
  • Change in registrant’s certifying accountant
  • Elections, appointments, and departures of key executives/principal officers
  • Amendments to articles of incorporation or bylaws
  • Changes in fiscal period
  • Trading suspension under employee benefit plans
  • Changes in financials that differ from previously issued financial statements
  • Acquisition of or by another company
  • Corporate restructuring
  • Amendments or waivers of code of ethics
  • Changes in shell company status
  • Results of shareholder votes
  • Certain financial statements and other exhibits
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Post ID: @uic+1sWGef3R

And this is what exactly?

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Post ID: @vty+1sWGef3R

And all this just because KE has a micrope--s. Go figure

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Post ID: @uiv+1sWGef3R

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