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AI brief of an SEC Form 8-K · Pursuit Attractions & Hospitality (PRSU)

Pursuit Attractions adopts executive severance plan and restated bylaws

Neutral Impact 3 of 5 leadership Written later

Pursuit Attractions and Hospitality adopted an Executive Severance Plan and amended its bylaws on December 4, 2025. The plan sets severance terms for CEO David Barry and CFO Michael Heitz, and the bylaws change stockholder meeting, nomination and forum provisions.

Key points

  • Barry (CEO) is a Tier 1 covered employee: 24 months base salary as lump sum on a qualifying termination, and 2 times target bonus within a change-in-control period.
  • Heitz (CFO) is a Tier 2 covered employee: 12 months base salary outside a change in control, and 18 months as lump sum plus 100% of target bonus within a change-in-control period.
  • Restated bylaws, effective immediately, allow remote-only stockholder meetings and set Delaware Chancery as exclusive forum for certain claims, with federal courts for Securities Act claims.
  • Barry participation agreement, dated December 9, 2025, replaces his October 20, 2024 severance agreement.

The filing

CompanyPursuit Attractions & Hospitality (PRSU)
Form8-K, current report
Filed with the SECDec 10, 2025, 4:30 PM ET
Accession number0001193125-25-314297

Items reported: 5.02 Director / Officer Change5.03 Bylaw / Charter Amendment

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:58 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 December 10, 2025.

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.