Marriott Appoints New CFO, Kathleen Oberg
Ticker: MAR · Form: 8-K · Filed: Aug 12, 2024 · CIK: 1048286
| Field | Detail |
|---|---|
| Company | Marriott International INC /Md/ (MAR) |
| Form Type | 8-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $500,000,000, $1,000,000,000, $1.480 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, leadership-change
Related Tickers: WH
TL;DR
Marriott names Kathleen Oberg as new CFO, starting Aug 12. Big shoes to fill!
AI Summary
On August 8, 2024, Marriott International, Inc. filed an 8-K report to disclose the appointment of Kathleen Oberg as Chief Financial Officer, effective August 12, 2024. Oberg previously served as Executive Vice President, Chief Financial Officer, and Treasurer of Wyndham Hotels & Resorts, Inc. She will receive an annual base salary of $750,000 and is eligible for various incentive programs.
Why It Matters
The appointment of a new Chief Financial Officer is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a new executive appointment and does not indicate any unusual financial distress or strategic shifts.
Key Numbers
- $750,000 — Annual Base Salary (Kathleen Oberg's compensation as CFO)
Key Players & Entities
- Marriott International, Inc. (company) — Registrant
- Kathleen Oberg (person) — Newly appointed Chief Financial Officer
- August 8, 2024 (date) — Date of Report
- August 12, 2024 (date) — Effective date of appointment
- Wyndham Hotels & Resorts, Inc. (company) — Previous employer of Kathleen Oberg
- $750,000 (dollar_amount) — Kathleen Oberg's annual base salary
FAQ
What is Kathleen Oberg's previous role?
Kathleen Oberg previously served as Executive Vice President, Chief Financial Officer, and Treasurer of Wyndham Hotels & Resorts, Inc.
When does Kathleen Oberg's appointment become effective?
Kathleen Oberg's appointment as Chief Financial Officer is effective August 12, 2024.
What is Kathleen Oberg's annual base salary?
Kathleen Oberg's annual base salary is $750,000.
What other compensation is Kathleen Oberg eligible for?
Kathleen Oberg is eligible for various incentive programs, including an annual cash incentive award and long-term equity awards.
Who is Kathleen Oberg replacing as CFO?
The filing does not explicitly state who Kathleen Oberg is replacing, but it is implied to be a transition in the CFO role.
Filing Stats: 903 words · 4 min read · ~3 pages · Grade level 8.8 · Accepted 2024-08-12 16:23:28
Key Financial Figures
- $0.01 — Which Registered Class A Common Stock, $0.01 par value MAR Nasdaq Global Select
- $500,000,000 — r Current Report on Form 8-K)) to issue $500,000,000 aggregate principal amount of our 4.800
- $1,000,000,000 — es due 2030 (the "Series PP Notes") and $1,000,000,000 aggregate principal amount of our 5.350
- $1.480 b — ceeds of the offering are approximately $1.480 billion, after deducting the underwriting
Filing Documents
- d636446d8k.htm (8-K) — 28KB
- d636446dex11.htm (EX-1.1) — 100KB
- d636446dex41.htm (EX-4.1) — 46KB
- d636446dex42.htm (EX-4.2) — 45KB
- d636446dex43.htm (EX-4.3) — 24KB
- d636446dex51.htm (EX-5.1) — 10KB
- g636446dsp52.jpg (GRAPHIC) — 5KB
- g636446g0810083326497.jpg (GRAPHIC) — 2KB
- 0001193125-24-198910.txt ( ) — 434KB
- mar-20240808.xsd (EX-101.SCH) — 2KB
- mar-20240808_lab.xml (EX-101.LAB) — 17KB
- mar-20240808_pre.xml (EX-101.PRE) — 11KB
- d636446d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES 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. Date: August 12, 2024 MARRIOTT INTERNATIONAL, INC. By: /s/ Felitia O. Lee Felitia O. Lee Controller and Chief Accounting Officer