SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 7, 2003 (April 4, 2003)
Date of Report (Date of earliest event reported)
WESTCOAST HOSPITALITY CORPORATION
(Exact Name of Registrant as Specified in Charter)
Washington
(State or Other Jurisdiction of Incorporation)
91-1032187
(I.R.S. Employer Identification No.)
001-13957
(Commission file number)
201 W. North River Drive
Suite 100
Spokane, Washington 99201
(Address of Principal Executive Offices, Zip Code)
(509) 459-6100
(Registrant's Telephone Number, Including Area Code)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
The following exhibits are furnished pursuant to Item 9 hereof and should not be
deemed to be "filed" under the Securities Exchange Act of 1934:
Exhibit No. Exhibit
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99.1 Press Release dated April 4, 2003
99.2 Press Release dated April 7, 2003
Item 9: Regulation FD Disclosure
On April 4, 2003, the Registrant issued a press release announcing that Arthur
Coffey has been named President and Chief Executive Officer of the Company. Mr.
Coffey most recently held the position of Executive Vice President and Chief
Financial Officer for WestCoast Hospitality Corporation as well as President of
WestCoast Hotels. A copy of the press release is furnished as Exhibit 99.1 to
this Form 8-K pursuant to this Item 9.
On April 7, 2003, the Registrant issued a press release announcing that Peter
Hausback has been named Vice President and Chief Financial Officer for the
Company. Mr. Hausback has been the Corporate Controller and Principal Accounting
Officer since joining the Company in September 2002. The position of CFO was
most recently occupied by Arthur Coffey, who was named President and CEO of
WestCoast Hospitality Corporation on April 4, 2003. A copy of the press release
is furnished as Exhibit 99.2 to this Form 8-K pursuant to this Item 9.
SIGNATURE
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.
WESTCOAST HOSPITALITY CORPORATION
Dated: April 7, 2003
By: /s/ Arthur M. Coffey
Arthur M. Coffey
President and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Exhibit
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99.1 Press Release dated April 4, 2003
99.2 Press Release dated April 7, 2003
Exhibit 99.1
Arthur Coffey Named President and CEO at WestCoast Hospitality Corporation
April 4, 2003
SPOKANE, Wash.
WestCoast Hospitality Corporation (NYSE:WEH) today announced that Arthur Coffey
has been named President and Chief Executive Officer of the Company following
the retirement of Donald Barbieri, which was announced in early March. Mr.
Coffey most recently held the position of Executive Vice President and Chief
Financial Officer for WestCoast Hospitality Corporation as well as President of
WestCoast Hotels. Mr. Coffey has held the title of Executive Vice President and
CFO since 1998 and from 1990 to 1998 held the position of Vice President and
Chief Operating Officer. Mr. Coffey has been with the Company for 22 years.
"The Board is very pleased to have Art's leadership and operational background
coming into his position as CEO," stated Ronald Taylor, Director of WestCoast
Hospitality Corporation and Chairman of the CEO Search Committee. "Art's in
depth understanding of the Company, both from a financial and operational
perspective, make him especially well equipped to lead WestCoast through the
upcoming years."
Donald Barbieri, Chairman of the Board, stated, "Art has been integral to our
success in building the Company, from three hotels and a much smaller real
estate division when he joined us, to a publicly traded Company with hotels
throughout the western United States, a successful and growing Entertainment
Division, and a larger and more diversified Real Estate Division. Art has served
in many roles, including assisting in establishing our first ticketing division
in 1986, heading Hotel operations and recently as President of WestCoast Hotels
where he has lead the development efforts of the Company in new franchise
development, acquisitions, investment and construction. As we implement the
strategic vision of our Company's growth, Art's analytical and ethical approach
to doing business will serve our Company very well."
Mr. Coffey has spent the majority his career in the hotel industry, working his
way up through almost every hotel level position before joining the Company in
1981. Mr. Coffey is currently a Director of the Washington Association of
Business, has been a Trustee for the Spokane Area Chamber of Commerce, Director
of the Washington State Hotel Association, Director of the Spokane Regional
Convention and Visitors Bureau, President of the Spokane Hotel Association and
was Food Service Director for the Washington State Centennial Games.
WestCoast Hospitality Corporation (NYSE: WEH) owns, manages and franchises
hotels throughout the Western United States. The Company owns the trademarks of
Red Lion Hotels and WestCoast Hotels, which focus on serving business,
convention and leisure travelers in first, second and third tier markets.
WestCoast provides entertainment services through TicketsWest, including event
ticketing for venues in the United States and Canada, and aggregates content for
travel and entertainment that is sold in real-time at its www.ticketswest.com
website. TicketsWest also includes WestCoast Entertainment, a Broadway and
special event presenting company. G&B Real Estate Services is the real estate
division of WestCoast Hospitality Corporation and owns and manages commercial
and residential properties. For more information visit: www.redlion.com or
www.westcoasthotels.com.
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Exhibit 99.2
Peter Hausback Named CFO at WestCoast Hospitality Corporation
April 7, 2003
SPOKANE, Wash.
WestCoast Hospitality Corporation (NYSE:WEH) today announced that Peter Hausback
has been named Vice President and Chief Financial Officer for the Company. Mr.
Hausback has been the Corporate Controller and Principal Accounting Officer
since September 2002 when he joined the Company. The position of CFO was most
recently occupied by Arthur Coffey, who was named President and CEO of WestCoast
Hospitality Corporation on April 4, 2003.
Arthur Coffey, President and CEO, stated, "Peter has a strong financial
background that includes previous experience as a Chief Financial Officer. In
his time as Corporate Controller at WestCoast he has proved his in depth
understanding of our financial structure and has been extremely effective in his
position, instituting new financial controls that have positively impacted our
Company. He will serve the Company very well as our Chief Financial Officer."
Mr. Hausback came to the Company from BriteSmile, Inc. (Nasdaq: BSML) where he
served as Executive Vice President and Chief Financial Officer from 2001 to
2002. From 1992 to 2001, he served in various management positions for Il
Fornaio (America) Company (formerly a Nasdaq traded company), leaving the
Company in 2001 as Vice President of Finance and Chief Financial Officer. From
1987 to 1992, Mr. Hausback was with Price Waterhouse LLP in San Francisco. Mr.
Hausback has an MBA and is a Certified Pubic Accountant.
WestCoast Hospitality Corporation (NYSE: WEH) owns, manages and franchises
hotels throughout the Western United States. The Company owns the trademarks of
Red Lion Hotels and WestCoast Hotels, which focus on serving business,
convention and leisure travelers in first, second and third tier markets.
WestCoast provides entertainment services through TicketsWest, including event
ticketing for venues in the United States and Canada, and aggregates content for
travel and entertainment that is sold in real-time at its www.ticketswest.com
website. TicketsWest also includes WestCoast Entertainment, a Broadway and
special event presenting company. G&B Real Estate Services is the real estate
division of WestCoast Hospitality Corporation and owns and manages commercial
and residential properties. For more information visit: www.redlion.com or
www.westcoasthotels.com.