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Actionable news in LQ: LA QUINTA HOLDINGS Inc,

Departure of Directors or Certain

Appointment of Interim Chief Financial Officer

On November12, 2015, the Board of Directors (the Board) of La Quinta Holdings Inc. (La Quinta or the Company) appointed James H. Forson, the Companys Senior Vice President and Chief Accounting Officer, to serve as interim Chief Financial Officer, effective immediately. Keith A. Cline, who had continued to serve in the office of Chief Financial Officer following his previously announced appointment, effective September15, 2015, to the office of interim Chief Executive Officer, will cease to serve in the office of Chief Financial Officer, effective immediately. Mr.Cline will continue to serve in the office of interim Chief Executive Officer.

Mr.Forson, 48, has served as the Companys Senior Vice President, Chief Accounting Of ficer and Treasurer since 2012. Prior to that role, Mr.Forson was Vice President and Controller from 2010, when he joined La Quinta, to 2012 and also served as Acting Chief Financial Officer from 2012 to 2013. Prior to joining La Quinta, Mr.Forson was Audit Senior Manager with Grant Thornton LLP from 2006 through 2010. Mr.Forson graduated from the University of Virginias McIntire School of Commerce with a B.S. degree in Commerce with distinction, and is a Certified Public Accountant in Texas.

In connection with Mr.Clines service as interim Chief Executive Officer and Mr.Forsons service as interim Chief Financial Officer, on November12, 2015, Messrs. Cline and Forson were granted a completion bonus in the amount of $500,000 for Mr.Cline and $150,000 for Mr.Forson. Mr.Cline is eligible to receive 50% of his completion bonus (the First Payment) on the earlier of (i)the Companys appointment of a permanent Chief Executive Officer and (ii)the regularly scheduled bonus payment date...


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