UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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ITEM 8.01. | OTHER EVENTS. |
On December 8, 2023, Ryman Hospitality Properties, Inc. (the “Company”) declared a cash dividend of $1.10 per common share, to be paid on January 16, 2024 to stockholders of record as of the close of business on December 29, 2023. Also on December 8, 2023, one of the Company’s subsidiaries, RHP Hotel Properties, LP (“Hotel Properties”), declared that holders of partnership units (“OP Units”) in Hotel Properties will receive a corresponding cash distribution of $1.10 per OP Unit to be paid on January 16, 2024 to holders of record as of the close of business on December 29, 2023.
The following disclosure is provided for purposes of compliance with rules of the Pension Benefit Guaranty Corporation (“PBGC”) relating to the Company’s frozen defined benefit pension plan, the Retirement Plan for Employees of Ryman Hospitality Properties, Inc. (EIN/PN 73-0664379/001) (the “Plan”). This is the fourth dividend declared by the Company during this fiscal year and the fourth distribution declared by Hotel Properties (EIN 46-1000882) during this fiscal year. Under PBGC regulations governing events that must be reported by sponsors and plan administrators of defined benefit pension plans, the declaration of this dividend by the Company and the declaration of the OP Unit distribution by Hotel Properties is each considered to be an “extraordinary dividend” reportable event for the Plan. 29 CFR § 4043.31(a)(1). However, no reportable event notices need to be filed with PBGC for either of these reportable events because, pursuant to 29 CFR § 4043.31(c)(6), reporting is waived due to the inclusion of the foregoing information in this Form 8-K filing.
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.
RYMAN HOSPITALITY PROPERTIES, INC. | ||
Date: December 8, 2023 | By: | /s/ Scott J. Lynn |
Name: | Scott J. Lynn | |
Title: | Executive Vice President, General Counsel and Secretary |