Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 10, 2013

 

 

MARRIOTT INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware    1-13881    52-2055918

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

10400 Fernwood Road, Bethesda, Maryland   20817
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (301) 380-3000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On May 10, 2013, prior to the Annual Meeting of Shareholders (“Annual Meeting”) which was held later that day, the Board of Directors (the “Board”) of Marriott International, Inc. (the “Company,” or “Marriott”), upon recommendation of the Board’s Nominating and Corporate Governance Committee, increased the size of the Board to twelve (12) members and appointed Frederick A. Henderson to the Board. Mr. Henderson then stood for re-election with the other directors at the Annual Meeting.

There is no arrangement or understanding between Mr. Henderson and any other person pursuant to which he was selected as a director. Since the beginning of the Company’s last fiscal year through the present, there have been no transactions with the Company, and there are currently no proposed transactions with the Company in which the amount involved exceeds $120,000 and in which Mr. Henderson had or will have a direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K.

Mr. Henderson will receive compensation as a non-employee director in accordance with the Company’s director compensation practices described in its 2013 Proxy Statement (“Proxy Statement”), filed with the Securities and Exchange Commission on April 5, 2013.

 

ITEM 5.07. Submission of Matters to a Vote of Security Holders

On May 10, 2013, Marriott held its Annual Meeting of Shareholders. At the Annual Meeting, shareholders considered: 1) the election of the twelve director nominees named in the Proxy Statement; 2) the ratification of the appointment of the independent registered public accounting firm for fiscal 2013; and 3) an advisory resolution to approve the compensation of Marriott’s named executive officers. Marriott’s shareholders voted as follows on these matters:

 

  1. Marriott’s shareholders elected twelve director nominees named in the Proxy Statement with the following votes:

 

NOMINEE

   FOR      AGAINST      ABSTAIN      BROKER
NON-VOTES
 

J.W. Marriott, Jr.

     2,218,399,460         83,332,940         3,498,620         488,936,920   

John W. Marriott III

     2,222,634,450         78,315,020         4,281,550         488,936,920   

Mary K. Bush

     2,247,747,150         51,673,540         5,810,330         488,936,920   

Frederick A. Henderson

     1,624,451,200         674,248,380         6,531,440         488,936,920   

Lawrence W. Kellner

     2,275,085,100         23,676,330         6,469,590         488,936,920   

Debra L. Lee

     2,284,563,330         15,048,040         5,619,650         488,936,920   

George Muñoz

     2,276,081,850         22,799,160         6,350,010         488,936,920   

Harry J. Pearce

     2,246,978,040         51,423,310         6,829,670         488,936,920   

Steven S Reinemund

     2,249,292,580         49,352,460         6,585,980         488,936,920   

W. Mitt Romney

     2,261,467,760         37,703,870         6,059,390         488,936,920   

Lawrence M. Small

     2,241,668,750         57,744,870         5,817,400         488,936,920   

Arne M. Sorenson

     2,277,345,300         23,016,080         4,869,640         488,936,920   

 

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  2. Marriott’s shareholders ratified the appointment of Ernst & Young LLP as Marriott’s independent registered public accounting firm for fiscal 2013 with the following votes:

 

FOR

  

AGAINST

  

ABSTAIN

2,771,825,790    16,157,300    6,184,850

 

  3. Marriott’s shareholders approved the advisory resolution to approve the compensation of Marriott’s named executive officers with the following votes:

 

FOR

  

AGAINST

  

ABSTAIN

  

BROKER

NON-VOTES

2,107,139,990    181,910,890    16,180,140    488,936,920

 

ITEM 8.01 Other Events.

On May 10, 2013 the Board declared a quarterly cash dividend of seventeen cents ($0.17) per share of common stock. The dividend is payable on June 28, 2013 to shareholders of record on May 24, 2013. A copy of Marriott’s press release is attached as Exhibit 99 and is incorporated by reference.

 

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is filed with this report:

Exhibit 99 - Press release issued on May 10, 2013.

 

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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.

 

        MARRIOTT INTERNATIONAL, INC.
Date: May 14, 2013       By:  

/s/ Carl T. Berquist

        Carl T. Berquist
        Executive Vice President and Chief Financial Officer

 

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EXHIBIT INDEX

 

Exhibit
No.

  

Description

99    Press release dated May 10, 2013.

 

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