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  "documentTitle": "Land Buildings Hilton Grand Vacations Presentation May 2021",
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      "text": "So long as the Apollo parties own a number of shares equal to 5% of the total outstanding shares of our common stock at closing, the Apollo parties are obligated to vote all of their shares as recommended by our board of directors with respect to routine matters (including contested or uncontested elections of directors, \"say on pay\" votes, approval of equity compensation plans and ratification of the selection of HGV's auditors).",
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      "text": "Apollo's obligation to vote with HGV Board recommendations in a contested election, amongst other items, serves to entrench the Board and management. A contested election is not a \"routine\" matter.",
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      "text": "Source: Company Filings, including Schedule 14A filed with the SEC on April 30, 2021.",
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      "text": "Response to 4.20.21 Land & Buildings Letter",
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      "text": "L&B's Statement vs HGV's Response or Clarification of Facts",
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      "text": "APOLLO VOTING AGREEMENT REQUIRES HGV TO SUPPORT BOARD RECOMMENDATIONS IN A CONTESTED ELECTION...",
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