Choice Hotels signs updated executive severance agreement with Raul Ramirez
Choice Hotels entered into a new severance and non-competition agreement with Raul Ramirez, its Chief Segment and International Operations Officer, on December 31, 2025, and amended agreements with four other executives. The filing describes updated severance terms, including lump-sum payments and changes tied to Section 409A and tax withholding, but gives no dollar amounts. The changes are administrative and do not report any financial results.
Key points
- Agreement with Raul Ramirez dated December 31, 2025, uses an updated 2025 form of severance agreement
- Severance payments under the 2025 form will be paid as a single lump sum, consistent with the company's broad-based severance plan
- Amendments with Dominic Dragisich, David Pepper, Scott Oaksmith and Simone Wu address Section 409A installment payments on change-in-control severance
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.