MAR » Topics » Registrants telephone number, including area code: (301) 380-3000

This excerpt taken from the MAR 8-K filed Feb 11, 2010.

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))

 

 

 


This excerpt taken from the MAR 8-K filed Oct 8, 2009.

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 2.02. Results of Operations and Financial Condition.
These excerpts taken from the MAR 8-K filed Sep 23, 2009.

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 2.02 Results of Operation and Financial Condition.

On September 22, 2009, Marriott International, Inc. (the “Company”) approved revised business plans for its Timeshare segment in response to the difficult business conditions that its timeshare, luxury fractional, and luxury residential real estate development businesses continue to experience. On September 23, 2009, the Company issued a press release describing those plans and discussing pre-tax impairment charges, which are predominantly non-cash, totaling approximately $760 million that the Company will record in the third quarter of 2009 as a result of those plans. The press release also mentions that the Company expects that systemwide revenue per available room (“REVPAR”) in North America for its third quarter will be higher than previously anticipated.

The Company has attached its September 23, 2009 press release as Exhibit 99 to this report and incorporates the press release in this report by reference.

 

ITEM 2.06 Material Impairments.

The Company also incorporates the information set forth in Item 2.02 above and in the attached press release by reference in this Item 2.06.

 

ITEM 9.01. Financial Statements and Exhibits.

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

 

Exhibit 99

   Press release dated September 23, 2009 announcing Timeshare segment charges and third quarter 2009 REVPAR expectations.

 

2


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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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)
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 2.02Results of Operation and Financial Condition.

On
September 22, 2009, Marriott International, Inc. (the “Company”) approved revised business plans for its Timeshare segment in response to the difficult business conditions that its timeshare, luxury fractional, and luxury residential
real estate development businesses continue to experience. On September 23, 2009, the Company issued a press release describing those plans and discussing pre-tax impairment charges, which are predominantly non-cash, totaling approximately $760
million that the Company will record in the third quarter of 2009 as a result of those plans. The press release also mentions that the Company expects that systemwide revenue per available room (“REVPAR”) in North America for its third
quarter will be higher than previously anticipated.

The Company has attached its September 23, 2009 press release as Exhibit 99 to this report and
incorporates the press release in this report by reference.

 





ITEM 2.06Material Impairments.

The Company also incorporates the
information set forth in Item 2.02 above and in the attached press release by reference in this Item 2.06.

 





ITEM 9.01.Financial Statements and Exhibits.

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

 












Exhibit 99

  Press release dated September 23, 2009 announcing Timeshare segment charges and third quarter 2009 REVPAR expectations.

 


2








These excerpts taken from the MAR 8-K filed Aug 6, 2009.

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

(e) Compensatory arrangements of certain officers.

On August 6, 2009, the Board of Directors (the “Board”) of Marriott International, Inc. (the “Company”) approved an amendment to the Marriott International, Inc. Executive Deferred Compensation Plan (the “EDC”) that affects executives of the Company who are eligible to participate in the EDC, including its named executive officers. The amendment included the following changes.

For 2009 and subsequent years, the Company may make a new annual discretionary matching contribution on each participant’s elective contributions equal to a percentage of the first two percent (2%) of the participant’s compensation up to the limit on compensation defined under section 401(a)(17) of the Internal Revenue Code (the “Code”) ($245,000 for 2009). This new matching contribution is designed to coordinate with a projected reduction of matching contributions beginning with the 2010 plan year under the Marriott International, Inc. Employees’ Profit Sharing, Retirement and Savings Plan and Trust (the “Profit Sharing Plan”).

Annual discretionary Company matching contributions for 2009 and subsequent years shall be immediately one-hundred percent (100%) vested upon allocation to the EDC. Prior to amendment, the EDC provided that such contributions vested over a four-year service period.

Annual discretionary Company matching contributions for 2010 and subsequent years may be paid to participants in the form of either post-termination or in-service distribution. Prior to amendment, the EDC provided that such contributions could only be paid to participants following termination of employment.

Beginning December 29, 2009, all existing account balances and future contributions to the EDC shall be credited with hypothetical earnings at an annual rate of interest designated by the Company before the beginning of each year (5.5% in 2010). Previously, hypothetical earnings and losses were credited either with the Company-designated rate of interest if elected by the participant (in 2009), or by reference to certain benchmark investment funds selected by participants under the plan.

These amendments are not intended to, nor under current law expected to, significantly increase the combined total annual company contributions to the EDC and Profit Sharing Plan.

Prior to and after amendment, for any participants whose annual compensation equals or exceeds the section 401(a)(17) compensation limit, the Company also may make an annual discretionary matching contribution equal to a percentage of the first three percent (3%) of the participant’s compensation, or, for any participants whose annual compensation exceeds a higher dollar compensation threshold established by the EDC administrator, the Company may make an annual discretionary matching contribution equal to a percentage of the first six percent (6%) of the participant’s compensation.

 

ITEM 9.01. Financial Statements and Exhibits.

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

Exhibit 99 - Marriott International, Inc. Executive Deferred Compensation Plan Amended and Restated as of January 1, 2009.

 

2


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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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)
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
STYLE="margin-top:6px;margin-bottom:0px">(e) Compensatory arrangements of certain officers.

On August 6, 2009,
the Board of Directors (the “Board”) of Marriott International, Inc. (the “Company”) approved an amendment to the Marriott International, Inc. Executive Deferred Compensation Plan (the “EDC”) that affects executives of
the Company who are eligible to participate in the EDC, including its named executive officers. The amendment included the following changes.

For 2009 and
subsequent years, the Company may make a new annual discretionary matching contribution on each participant’s elective contributions equal to a percentage of the first two percent (2%) of the participant’s compensation up to the limit
on compensation defined under section 401(a)(17) of the Internal Revenue Code (the “Code”) ($245,000 for 2009). This new matching contribution is designed to coordinate with a projected reduction of matching contributions beginning with
the 2010 plan year under the Marriott International, Inc. Employees’ Profit Sharing, Retirement and Savings Plan and Trust (the “Profit Sharing Plan”).

FACE="Times New Roman" SIZE="2">Annual discretionary Company matching contributions for 2009 and subsequent years shall be immediately one-hundred percent (100%) vested upon allocation to the EDC. Prior to amendment, the EDC provided that such
contributions vested over a four-year service period.

Annual discretionary Company matching contributions for 2010 and subsequent years may be paid to
participants in the form of either post-termination or in-service distribution. Prior to amendment, the EDC provided that such contributions could only be paid to participants following termination of employment.

STYLE="margin-top:12px;margin-bottom:0px">Beginning December 29, 2009, all existing account balances and future contributions to the EDC shall be credited with hypothetical earnings at an annual rate of
interest designated by the Company before the beginning of each year (5.5% in 2010). Previously, hypothetical earnings and losses were credited either with the Company-designated rate of interest if elected by the participant (in 2009), or by
reference to certain benchmark investment funds selected by participants under the plan.

These amendments are not intended to, nor under current law
expected to, significantly increase the combined total annual company contributions to the EDC and Profit Sharing Plan.

Prior to and after amendment, for
any participants whose annual compensation equals or exceeds the section 401(a)(17) compensation limit, the Company also may make an annual discretionary matching contribution equal to a percentage of the first three percent (3%) of the
participant’s compensation, or, for any participants whose annual compensation exceeds a higher dollar compensation threshold established by the EDC administrator, the Company may make an annual discretionary matching contribution equal to a
percentage of the first six percent (6%) of the participant’s compensation.

 





ITEM 9.01.Financial Statements and Exhibits.

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

Exhibit 99 - Marriott International, Inc. Executive Deferred Compensation Plan Amended and Restated as of
January 1, 2009.

 


2








These excerpts taken from the MAR 8-K filed Jul 16, 2009.

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 2.02. Results of Operations and Financial Condition.

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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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)
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 2.02.Results of Operations and Financial Condition.
These excerpts taken from the MAR 8-K filed Apr 23, 2009.

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 2.02. Results of Operations and Financial Condition.

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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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)
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 2.02.Results of Operations and Financial Condition.
These excerpts taken from the MAR 8-K filed Feb 12, 2009.

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 2.02. Results of Operations and Financial Condition.

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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 2.02.Results of Operations and Financial Condition.
These excerpts taken from the MAR 8-K filed Oct 2, 2008.

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))

 

 

 


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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 







These excerpts taken from the MAR 8-K filed Jul 10, 2008.

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 2.02. Results of Operations and Financial Condition.

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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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)
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 2.02.Results of Operations and Financial Condition.
These excerpts taken from the MAR 8-K filed Jun 10, 2008.

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 8.01. Other Events.

On June 10, 2008, Marriott International, Inc. (together with its subsidiaries, the “Company”) sold a pool of approximately $300 million in timeshare mortgage loans (the “Mortgage Loans”) to Marriott Vacation Club Owner Trust 2008-1 (the “Trust”). On the same day, investors purchased $246 million in 7.198 percent Timeshare Loan Backed Notes (the “Notes”) from the Trust in a private placement.

As consideration for the sale of the Mortgage Loans, the Company received initial cash proceeds of approximately $240 million and a subordinated residual interest in the Trust, through which it expects to realize the remaining value of the Mortgage Loans over time. The Company will recognize approximately $28 million of gain in the second quarter of 2008 as a result of these transactions.

The Notes have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. A copy of the Company’s June 10, 2008 press release announcing the issuance of the Notes is attached as Exhibit 99 to this report.

 

ITEM 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

Exhibit 99 - Press release issued on June 10, 2008.

 

2


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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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)
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 8.01.Other Events.

On June 10, 2008, Marriott International, Inc.
(together with its subsidiaries, the “Company”) sold a pool of approximately $300 million in timeshare mortgage loans (the “Mortgage Loans”) to Marriott Vacation Club Owner Trust 2008-1 (the “Trust”). On the same day,
investors purchased $246 million in 7.198 percent Timeshare Loan Backed Notes (the “Notes”) from the Trust in a private placement.

As
consideration for the sale of the Mortgage Loans, the Company received initial cash proceeds of approximately $240 million and a subordinated residual interest in the Trust, through which it expects to realize the remaining value of the Mortgage
Loans over time. The Company will recognize approximately $28 million of gain in the second quarter of 2008 as a result of these transactions.

The Notes
have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. A
copy of the Company’s June 10, 2008 press release announcing the issuance of the Notes is attached as Exhibit 99 to this report.

 





ITEM 9.01.Financial Statements and Exhibits.

 





(d)Exhibits.

Exhibit 99 - Press release issued on
June 10, 2008.

 


2








These excerpts taken from the MAR 8-K filed Jun 2, 2008.

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 8.01. Other Events.

Marriott International, Inc. (“Marriott”) today issued a press release discussing the current lodging demand trends and updating North American revenue per available room guidance for the 2008 second quarter.

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.

Exhibit 99 - Press release issued on June 2, 2008.

 

2


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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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)
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 8.01.Other Events.

Marriott International, Inc. (“Marriott”)
today issued a press release discussing the current lodging demand trends and updating North American revenue per available room guidance for the 2008 second quarter.

FACE="Times New Roman" SIZE="2">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.

Exhibit 99 - Press release issued on
June 2, 2008.

 


2








These excerpts taken from the MAR 8-K filed Apr 17, 2008.

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 2.02. Results of Operations and Financial Condition.

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

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

 

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨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)
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 

 

STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000"> 











ITEM 2.02.Results of Operations and Financial Condition.
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