Sabre Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Sabre Corporation on May 28, 2014. The report addresses a change in the designation of the company's principal accounting officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding corporate governance and does not contain financial performance data.
Material Changes
- Appointment of Principal Accounting Officer: On May 28, 2014, the Board of Directors designated Jami B. Cordell, Vice President of Global Accounting, as the new principal accounting officer, effective immediately.
- Previous Designation: Richard A. Simonson, Executive Vice President and Chief Financial Officer, previously held the title of principal accounting officer.
- Continuity of Role: Mr. Simonson continues to serve as Executive Vice President and Chief Financial Officer. Ms. Cordell will continue to report directly to him.
Management Commentary and Risks
The filing provides biographical details for Ms. Cordell, noting she joined Sabre in 1994, has served as Vice President of Global Accounting since 2007, is a Certified Public Accountant, and holds a Master of Science in Accounting from Oklahoma State University. No specific risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Points
- Confirm the effective date of Jami B. Cordell's new designation as principal accounting officer.
- Verify that Richard A. Simonson retains his role as Chief Financial Officer.
- Review Ms. Cordell's tenure and qualifications as disclosed in the filing.