**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 

**Amendment No. 1**

 

**FORM 10-K/A**

 

**(Mark One)**

**x****      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

** **

**For the fiscal year ended December 31, 2014**

** **

**or**

** **

**o****         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

 

**For the transition period from                  to**

 

**Commission File No. 1-34062**

 

**INTERVAL LEISURE GROUP, INC.**

(Exact name of registrant as specified in its charter)

 

| **Delaware**   (State or other jurisdiction of   incorporation or organization) | ** ** | **26-2590997**   (I.R.S. Employer   Identification No.) |
|---------------------------------------------------------------------------------|------------|---------------------------------------------------------|

 

| **6262 Sunset Drive, Miami, FL**   (Address of Registrant’s principal executive offices) | ** ** | **33143**   (Zip Code) |
|-----------------------------------------------------------------------------------------------|------------|------------------------|

 

**(305) 666-1861**

(Registrant’s telephone number, including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 
| **Title of each class**  | ** ** | **Name of each exchange on which registered** |
|-----------------------------------------|------------|-----------------------------------------------------------------------------|
| Common Stock, $0.01 par value per share |       | The NASDAQ Stock Market                                                     |

 

Securities registered pursuant to Section 12(g) of the Act: **None**

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x  No o

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes o  No x

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x  No o

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x  No o

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 
| Large accelerated filer x                                          | ** ** | Accelerated filer o              |
|-----------------------------------------------------------------------------------|------------|--------------------------------------------|
|                                                                              | ** ** |                                       |
| Non-accelerated filer o   (Do not check if a smaller reporting company) |       | Smaller reporting company o |

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

 

As of June 30, 2014, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $856,476,607. As of February 23, 2015, 57,100,820 shares of the registrant’s common stock were outstanding.

 

**DOCUMENTS INCORPORATED BY REFERENCE**

 

Portions of the Registrant’s proxy statement for its 2015 Annual Meeting of Stockholders are incorporated by reference into Part III herein.

 

 

 

----

 

EXPLANATORY NOTE

 

This Amendment No. 1 on Form 10-K/A (“Amendment”) is being filed to amend our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (“Form 10-K”), filed with the U.S. Securities and Exchange Commission (“SEC”) on February 27, 2015 (“Original Filing Date”). The sole purpose of this Amendment is to file Exhibit 10.38 and incorporate by reference Exhibits 10.36 and 10.37 which were inadvertently omitted from the Form 10-K.

 

In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, new certifications by our principal executive officer and principal financial officer are filed as exhibits to this Amendment.

 

No changes have been made in this Amendment to modify or update the other disclosures presented in the Form 10-K. This Amendment does not reflect events occurring after the filing of the original Form 10-K or modify or update those disclosures that may be affected by subsequent events. This Amendment should be read in conjunction with the Form 10-K and our other filings with the SEC.

 

2

----

 

**PART IV**

 

**Item 15.  Exhibits and Financial Statement Schedules**

 

**(3)****                                ****Exhibits**

 

The documents set forth below in the Index of Exhibits, numbered in accordance with Item 601 of Regulation S-K, are filed herewith or incorporated herein by reference to the location indicated.

 

3

----

 

**SIGNATURES**

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on March 20, 2015.

 
|   | INTERVAL   LEISURE GROUP, INC. |
|--------|-------------------------------------|
|   |                                |
|   | By:                                 | /s/ WILLIAM L. HARVEY |
|   |                                | William L. Harvey |
|   |                                | *Executive Vice President and Chief Financial   Officer* |
|   |                                | * * |

 

4

----

 

**INDEX TO EXHIBITS**

 
| **Exhibit** | ** ** | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                           | ** ** | **Incorporated By Reference Location**                                                                                    |
|-------------|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1         |       | Business   Transfer Deed, dated August 3, 2013, among CLC Resort Management   Limited, Gorvines Limited, VRI Europe Limited and the other parties thereto                                                                                                                                                                                                                                                                                                            |       | ILG’s   Quarterly Report on Form 10-Q filed on November 5, 2013                                                           |
| 2.2         |       | Equity   Interest Purchase Agreement, dated May 6, 2014 among Hyatt Corporation,   HTS-Aspen, L.L.C., S.O.I. Acquisition Corp. and Interval Leisure Group.                                                                                                                                                                                                                                                                                                           |       | ILG’s   Quarterly Report on Form 10-Q filed on August 6, 2014                                                             |
| 3.1         |       | Amended   and Restated Certificate of Incorporation of Interval Leisure   Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                |       | ILG’s   Current Report on Form 8-K filed on August 25, 2008                                                               |
| 3.2         |       | Fourth   Amended and Restated By-laws of Interval Leisure Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                |       | ILG’s   Current Report on Form 8-K filed on December 12, 2014.                                                            |
| 3.3         |       | Certificate   of Designation, Preferences and Rights of Series A Junior Participating   Preferred Stock                                                                                                                                                                                                                                                                                                                                                              |       | ILG’s   Quarterly Report on Form 10-Q filed on August 11, 2009.                                                           |
| 4.1         |       | Rights   Agreement dated as of June 10, 2009, between Interval Leisure   Group, Inc. and the Bank of New York Mellon, as Rights Agent, which   includes the Form of Certificate of Designation, Preferences and Rights   of Series A Junior Participating Preferred Stock as Exhibit A, the   Form of Rights Certificate as Exhibit B and the Summary of Rights   to Purchase Preferred Stock as Exhibit C                        |       | ILG’s   Current Report on Form 8-K filed on June 11, 2009.                                                                |
| 10.1        |       | Tax   Sharing Agreement among HSN, Inc., Interval Leisure   Group, Inc., Ticketmaster, Tree.com, Inc. and IAC/InterActiveCorp                                                                                                                                                                                                                                                                                                                         |       | ILG’s   Current Report on Form 8-K filed on August 25, 2008.                                                              |
| 10.3        |       | Employee   Matters Agreement among HSN, Inc., Interval Leisure   Group, Inc., Ticketmaster, Tree.com, Inc. and IAC/InterActiveCorp                                                                                                                                                                                                                                                                                                                    |       | ILG’s   Current Report on Form 8-K filed on August 25, 2008.                                                              |
| 10.4        |       | Spinco   Agreement, dated as of May 13, 2008, between IAC/InterActiveCorp,   Liberty Media Corporation, LMC Silver King, Inc., Liberty HSN   II, Inc., LMC USA VIII, Inc., LMC USA IX, Inc., LMC USA   XI, Inc., LMC USA XII, Inc., LMC USA XIII, Inc., LMC USA   XIV, Inc., LMC USA XV, Inc., Liberty Tweety, Inc.,   BDTV Inc., BDTV II Inc., BDTV III Inc., BDTV IV Inc. and   Barry Diller |       | Exhibit 10.1   to IAC/InterActiveCorp’s Current Report on Form 8-K (SEC File   No. 0-20570) dated May 16, 2008. |
| 10.5        |       | Employment   Agreement between Interval Leisure Group, Inc. and Craig M. Nash, dated   as of July 31, 2008†                                                                                                                                                                                                                                                                                                                                                |       | ILG’s   Registration Statement on Form S-1 (File No. 333-152699).                                                         |
| 10.6        |       | Employment   Agreement between Interval Leisure Group, Inc. and Jeanette E. Marbert,   dated as of July 31, 2008†                                                                                                                                                                                                                                                                                                                                          |       | ILG’s   Registration Statement on Form S-1 (File No. 333-152699).                                                         |
| 10.7        |       | Severance   Agreement between Interval Acquisition Corp. and John A. Galea, dated as of   July 31, 2008†                                                                                                                                                                                                                                                                                                                                                        |       | ILG’s   Registration Statement on Form S-1 (File No. 333-152699).                                                         |
| 10.9        |       | Severance   Agreement between Interval Acquisition Corp. and Victoria J. Kincke, dated as   of July 31, 2008†                                                                                                                                                                                                                                                                                                                                                   |       | ILG’s   Registration Statement on Form S-1 (File No. 333-152699).                                                         |
| 10.10       |       | Interval   Leisure Group, Inc. 2008 Stock and Annual Incentive Plan, as amended†                                                                                                                                                                                                                                                                                                                                                                                |       | ILG’s   Annual Report on Form 10-K filed on March 31, 2009.                                                               |

 

5

----

 
| **Exhibit** | ** ** | **Description**                                                                                                                                                                                           | ** ** | **Incorporated By Reference Location**                            |
|-------------|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|----------------------------------------------------------------------------------|
| 10.11       |       | Lease   Agreement between Interval International, Inc., as Lessee, and Frank   Guilford, Jr., effective November 1, 1999, as amended                                                       |       | ILG’s   Registration Statement on Form S-1 (File No. 333-152699). |
| 10.12       |       | Deferred   Compensation Plan for Non-Employee Directors†                                                                                                                                             |       | ILG’s   Registration Statement on Form S-1 (File No. 333-152699). |
| 10.15       |       | Spinco   Assignment and Assumption Agreement, dated as of August 20, 2008, among   IAC/InterActiveCorp, Interval Leisure Group, Inc., Liberty Media Corporation   and Liberty USA Holdings, LLC |       | ILG’s   Current Report on Form 8-K filed on August 25, 2008.      |
| 10.16       |       | Registration   Rights Agreement, dated as of August 20, 2008, among Interval Leisure   Group, Inc., Liberty Media Corporation and Liberty USA   Holdings, LLC                              |       | ILG’s   Current Report on Form 8-K filed on August 25, 2008.      |
| 10.18       |       | Employment   Agreement between Interval Leisure Group, Inc. and William L. Harvey,   dated as of August 25, 2008†                                                                          |       | ILG’s   Current Report on Form 8-K filed on August 25, 2008.      |
| 10.20       |       | Form of   Amendment to Employment Agreement between the Registrant and each of Craig M.   Nash, Jeanette E. Marbert and William L. Harvey†                                                      |       | ILG’s   Current Report on Form 8-K filed on January 5, 2009.      |
| 10.21       |       | Form of   Terms and Conditions of Annual Vesting Restricted Stock Units under the   Interval Leisure Group, Inc. 2008 Stock and Annual Incentive Plan†                                     |       | ILG’s   Quarterly Report on Form 10-Q filed on May 14, 2009.      |
| 10.22       |       | Form of   Terms and Conditions of Cliff Performance Restricted Stock Units under the   Interval Leisure Group, Inc. 2008 Stock and Annual Incentive Plan†                                  |       | ILG’s   Quarterly Report on Form 10-Q filed on May 14, 2009.      |
| 10.23       |       | Second   Amendment to Employment Agreement, dated June 18, 2009 between the   Registrant and Craig M. Nash†                                                                                     |       | ILG’s   Current Report on Form 8-K filed on June 19, 2009.        |
| 10.24       |       | Second   Amendment to Employment Agreement, dated June 18, 2009 between the Registrant   and Jeanette E. Marbert†                                                                               |       | ILG’s   Current Report on Form 8-K filed on June 19, 2009.        |
| 10.25       |       | Second   Amendment to Employment Agreement, dated June 18, 2009 between the   Registrant and William L. Harvey†                                                                                 |       | ILG’s   Current Report on Form 8-K filed on June 19, 2009.        |
| 10.26       |       | Form of   Terms and Conditions of Director Restricted Stock Units under the Interval   Leisure Group, Inc. 2008 Stock and Annual Incentive Plan†                                           |       | ILG’s   Quarterly Report on Form 10-Q filed on August 6, 2010.    |
| 10.27       |       | Form of   Terms and Conditions of Performance Restricted Stock Units under the Interval   Leisure Group, Inc. 2008 Stock and Annual Incentive Plan.†                                       |       | ILG’s   Current Report on Form 8-K filed on March 8, 2011.        |
| 10.28       |       | Form of   Terms and Conditions of TSR Performance Restricted Stock Units under the   Interval Leisure Group, Inc. 2008 Stock and Annual Incentive Plan.†                                   |       | ILG’s   Annual Report on Form 10-K filed on March 9, 2012.        |

 

6

----

 
| **Exhibit** | ** ** | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | ** ** | **Incorporated By Reference Location**                            |
|-------------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|----------------------------------------------------------------------------------|
| 10.29       |       | Amended   and Restated Credit Agreement among Interval Acquisition Corp, as   Borrower, Interval Leisure Group, Inc., Certain Subsidiaries of the   Borrower, as Guarantors, The Lenders Party thereto, Wells Fargo Bank,   National Association, as Administrative Agent and Collateral Agent; Bank of   America, N.A., PNC Bank, National Association, and SunTrust Bank, each as a   Syndication Agent; Fifth Third Bank, KeyBank National Association, and Union   Bank, N.A., each as a Documentation Agent; and Wells Fargo Securities, LLC,   Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital   Markets, LLC and SunTrust Robinson Humphrey, Inc. as Joint Lead   Arrangers and Joint Bookrunners, dated as of June 21, 2012 |       | ILG’s   Current Report on Form 8-K filed on June 21, 2012.        |
| 10.30       |       | Form of   Terms and Conditions of Leadership Restricted Stock Units under the Interval   Leisure Group, Inc. 2008 Stock and Annual Incentive Plan†                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |       | ILG’s   Quarterly Report on Form 10-Q filed on May 7, 2013.       |
| 10.31       |       | Interval   Leisure Group, Inc. 2013 Stock and Incentive Compensation Plan†                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |       | ILG’s   Registration Statement on Form S-8 filed on May 21, 2013. |
| 10.32       |       | Form of   Terms and Conditions of Director Restricted Stock Units under the Interval   Leisure Group, Inc. 2013 Stock and Incentive Compensation Plan†                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |       | ILG’s   Quarterly Report on Form 10-Q filed on August 8, 2013.    |
| 10.33       |       | Master   License Agreement, dated October 1, 2014 between Hyatt Franchising,   L.L.C. and S.O.I. Acquisitions Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.    |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |       |                                                                             |
| 10.34       |       | Employment   Agreement between Interval Leisure Group, Inc. and David Gilbert,   effective September 1, 2014†                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.    |
| 10.35       |       | Employment   Agreement between Interval Leisure Group, Inc. and John M.   Burlingame, effective October 1, 2014†                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.    |
| 10.36       |       | First   Amendment to Credit Agreement and Incremental Revolving Commitment Agreement,   dated as of April 8, 2014, among Interval Acquisition Corp., as   Borrower; Interval Leisure Group, Inc. and certain subsidiaries of the   Borrower as Guarantors, the lenders who are party to the Amendment, and Wells   Fargo Bank, National Association, as Administrative Agent for the lender.                                                                                                                                                                                                                                                                                                                                                                                     |       | ILG’s   Current Report on Form 8-K filed on April 8, 2014.        |

 

7

----

 
| **Exhibit** | ** ** | **Description**                                                                                                                                                                                                                                                                                                                                              | ** ** | **Incorporated By Reference Location**                                     |
|-------------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|-------------------------------------------------------------------------------------------|
| 10.37       |       | Second   Amendment to Credit Agreement, dated as of November 6, 2014, among   Interval Acquisition Corp., as Borrower; Interval Leisure Group, Inc.   and certain subsidiaries of the Borrower as Guarantors, the lenders who are   party to the Amendment, and Wells Fargo Bank, National Association, as   Administrative Agent for the lenders. |       | ILG’s   Current Report on Form 8-K filed on November 7, 2014.              |
|        |       |                                                                                                                                                                                                                                                                                                                                                         |       |                                                                                      |
| 10.38*      |       | Interval   Leisure Group, Inc. Deferred Compensation Plan, effective   October 1, 2014†                                                                                                                                                                                                                                                       |       |                                                                                      |
| 21.1        |       | Subsidiaries   of Interval Leisure Group, Inc.                                                                                                                                                                                                                                                                                                          |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.             |
| 23.1        |       | Consent   of Independent Registered Public Accounting Firm                                                                                                                                                                                                                                                                                                   |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.             |
| 31.1*       |       | Certification   of the Chief Executive Officer pursuant to Rule 13a-14(a) or   Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted   pursuant to Section 302 of the Sarbanes-Oxley Act.                                                                                                                                |       |                                                                                      |
| 31.2*       |       | Certification   of the Chief Financial Officer pursuant to Rule 13a-14(a) or   Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted   pursuant to Section 302 of the Sarbanes-Oxley Act.                                                                                                                                |       |                                                                                      |
| 31.3*       |       | Certification   of the Chief Accounting Officer pursuant to Rule 13a-14(a) or   Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted   pursuant to Section 302 of the Sarbanes-Oxley Act.                                                                                                                               |       |                                                                                      |
| 32.1        |       | Certification   of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as   adopted pursuant to Section 906 of the Sarbanes-Oxley Act.                                                                                                                                                                                                  |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015 (furnished). |
| 32.2        |       | Certification   of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as   adopted pursuant to Section 906 of the Sarbanes-Oxley Act.                                                                                                                                                                                                  |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015 (furnished). |
| 32.3        |       | Certification   of the Chief Accounting Officer pursuant to 18 U.S.C. Section 1350 as   adopted pursuant to Section 906 of the Sarbanes-Oxley Act.                                                                                                                                                                                                 |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015 (furnished). |
| 101.INS     |       | XBRL   Instance Document                                                                                                                                                                                                                                                                                                                                     |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.             |
| 101.SCH     |       | XBRL   Taxonomy Extension Schema Document                                                                                                                                                                                                                                                                                                                    |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.             |
| 101.CAL     |       | XBRL   Taxonomy Calculation Linkbase Document                                                                                                                                                                                                                                                                                                                |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.             |
| 101.LAB     |       | XBRL   Taxonomy Label Linkbase Document                                                                                                                                                                                                                                                                                                                      |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.             |
| 101.PRE     |       | XBRL   Taxonomy Presentation Linkbase Document                                                                                                                                                                                                                                                                                                               |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.             |
| 101.DEF     |       | XBRL   Taxonomy Extension Definition Linkbase Document                                                                                                                                                                                                                                                                                                       |       | ILG’s   Annual Report on Form 10-K filed on February 27, 2015.             |

 

----

†                                         Reflects management contracts and management and director compensatory plans

 

*                                         Filed Herewith.

 

8

----