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MAR-5.14.2014-8K


 
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 9, 2014
 _______________________________________
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 (e).
Compensatory Arrangements of Certain Officers
On May 9, 2014, Marriott International's ("Marriott") shareholders approved the Company’s Stock and Cash Incentive Plan ("the Stock Plan"), as amended.  The amendments to the plan that were subject to shareholder approval consisted of the following: First, we amended the list of business criteria on which performance goals may be based for cash and stock awards that we intend to qualify as performance-based compensation under Section 162(m). Second, we amended the Stock Plan to reduce the maximum number of shares subject to stock awards that we may grant to any employee in any fiscal year, and to impose a new dollar limit on the value of shares subject to stock awards that we may grant to any non-employee director in any fiscal year. The foregoing description is qualified in its entirety by reference to the full text of the amendments as set forth in the Stock Plan, which appears as Exhibit A to Marriott’s 2014 Proxy Statement ("Proxy Statement"), filed with the Securities and Exchange Commission on April 4, 2014.
ITEM 5.07.
Submission of Matters to a Vote of Security Holders
On May 9, 2014, Marriott held its Annual Meeting of Shareholders. Marriott’s shareholders voted on the matters outlined in the Proxy Statement as follows:
1.
Marriott’s shareholders elected eleven director nominees named in the Proxy Statement with the following votes:
 
NOMINEE
FOR
 
AGAINST
 
ABSTAIN
 
BROKER
NON-VOTES
J.W. Marriott, Jr.
2,309,012,320

 
69,890,600

 
3,764,940

 
238,278,240

John W. Marriott III
2,307,473,030

 
70,158,390

 
5,036,440

 
238,278,240

Mary K. Bush
2,356,872,170

 
18,711,380

 
7,084,310

 
238,278,240

Frederick A. Henderson
2,309,661,660

 
66,224,740

 
6,781,460

 
238,278,240

Lawrence W. Kellner
2,354,946,570

 
21,146,060

 
6,575,230

 
238,278,240

Debra L. Lee
2,354,177,210

 
20,628,280

 
7,862,370

 
238,278,240

George Muñoz
2,356,856,460

 
19,075,890

 
6,735,510

 
238,278,240

Harry J. Pearce
2,352,132,120

 
23,292,760

 
7,242,980

 
238,278,240

Steven S Reinemund
2,351,103,430

 
23,632,200

 
7,932,230

 
238,278,240

W. Mitt Romney
2,345,681,730

 
30,094,400

 
6,891,730

 
238,278,240

Arne M. Sorenson
2,359,041,990

 
18,832,360

 
4,793,510

 
238,278,240


2.
Marriott’s shareholders ratified the appointment of Ernst & Young LLP as Marriott’s independent registered public accounting firm for fiscal year 2014 with the following votes:
 
FOR
AGAINST
ABSTAIN
2,599,558,260
16,351,150
5,036,690

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
2,175,840,370
192,774,060
14,053,430
238,278,240


4.
Marriott's shareholders approved Marriott's Stock Plan, as amended, with the following votes:

FOR
AGAINST
ABSTAIN
BROKER
NON-VOTES
2,140,830,170
230,572,960
11,264,730
238,278,240


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5.
Marriott's shareholders did not approve a shareholder resolution proposing that a simple majority voting standard be applied throughout Marriott's governance documents with the following votes:
 
FOR
AGAINST
ABSTAIN
BROKER
NON-VOTES
1,115,518,600
1,251,329,860
15,819,400
238,278,240
 



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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, 2014
By:
 
/s/ Bancroft S. Gordon
 
 
 
Bancroft S. Gordon
 
 
 
Vice President, Senior Counsel and Corporate Secretary

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