UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Election of Director
Effective December 31, 2023. Effective December 31, 2023, the Board of Directors (the “Board”) of Inspirato Incorporated (the “Company”) appointed John. Melicharek to serve as a Class III director, with a term expiring at the Company’s 2026 annual meeting of stockholders.
Mr. Melicharek recently retired as a Partner at the law firm BakerHostetler, where he had worked since 1995 focusing his law practice primarily on transactions within the hospitality industry and was the Leader of BakerHostetler’s Hospitality Industry team for 23 years. M. Mr. Melicharek holds over 40 years’ experience advising clients on business and transactional matters, including in real estate, finance, management and similar transactional matters, and has provided invaluable guidance during business acquisitions, dispositions and joint ventures. Mr. Melicharek holds a J.D. from Seton Hall University School of Law, where he graduated cum laude.
There are no arrangements or understandings between Mr. Melicharek n and any other person pursuant to which Mr. Melicharek was selected as a director. In addition, there are no transactions in which Mr. Melicharek has an interest that would require disclosure under Item 404(a) of Regulation S-K.
Mr. Melicharek will receive compensation for his service pursuant to the Company’s Outside Director Compensation Policy, a copy of which is filed as Exhibit 10.14 to the Company’s Registration Statement on Form S-1 (File No. 333-264598). This includes an annual cash retainer of $40,000, and an annual Inspirato travel benefit. The annual Inspirato travel benefit includes: (i) either one (1) subscription to Inspirato Pass with an aggregate value of $26,500 per year or one (1) Club Membership with $26,500 of Travel Credits, with an aggregate value of $26,500; (ii) Inspirato Avanti Rewards status; (iii) a seven (7) night Inspirato FAM trip; and (iv) the ability to book Inspirato leased properties within 72 hours with no booking cost charged, for service as a non-employee director. Mr. Melicharek executed the Company’s standard form of indemnification agreement, a copy of which will be filed as an Exhibit to the Company’s Registration Statement on Form S-1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INSPIRATO INCORPORATED | |||
Dated: January 5, 2024 | |||
By: | /s/ Eric Grosse | ||
Name: | Eric Grosse | ||
Title: | Chief Executive Officer |