Stratrix
On the Record · LaSalle Hotel Properties

LaSalle Hotel Properties layoffs, on the record

Every job cut, severance charge and restructuring LaSalle Hotel Properties reported in its annual reports, 2015 to 2017, quoted from the filings.

Job cuts, severance and restructuring

  1. Our summarySeverance and management transition costs at a number of properties across the portfolio increased, as part of a net increase in management transition, severance and pre-opening costs. in 2015 · Cost: A net $3.3 million increase in management transition expenses, severance and pre-opening costs

    Word for word“A net $3.3 million increase in management transition expenses, severance and pre-opening costs in 2015 was incurred at a number of properties across the portfolio.” 10-K for 2015

  2. Our summaryThe company finalized the former Chief Financial Officer's severance package, with termination set to occur no later than April 29, 2016. On April 9, 2016 · Affected: Former Chief Financial Officer

    Word for word“On April 9, 2016, the Company finalized the former Chief Financial Officer’s severance package and the termination date was set to be no later than April 29, 2016.” 10-K for 2016

  3. Our summaryThe company recorded severance expense for the former Chief Financial Officer's termination, including cash compensation, benefits, share compensation and dividend payments on vested restricted shares. For the year ended December 31, 2016 · Affected: Former Chief Financial Officer · Cost: $1,576

    Word for word“For the year ended December 31, 2016 , severance expense related to the former Chief Financial Officer’s termination totaled $1,576 and included cash compensation and benefits, compensation for shares with service conditions and shares with market or performance conditions and cash payments related to dividends on restricted shares that vested.” 10-K for 2016

  4. Our summaryManagement transition, severance and pre-opening costs decreased by $4.9 million because the company transitioned management at four San Francisco properties in 2015.

    Word for word“In addition, management transition expenses, severance and pre-opening costs have decreased by $4.9 million as the Company was transitioning management at four San Francisco properties in 2015.” 10-K for 2016

LaSalle Hotel Properties has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from LaSalle Hotel Properties’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.