Marriott International Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: MAR · Form: DEF 14A · Filed: Mar 27, 2024 · CIK: 1048286

Marriott International INC /Md/ DEF 14A Filing Summary
FieldDetail
CompanyMarriott International INC /Md/ (MAR)
Form TypeDEF 14A
Filed DateMar 27, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$4.5 billion, $3.083 b, $4.656 b
Sentimentbullish

Sentiment: bullish

Topics: Marriott International, Annual Meeting, Proxy Statement, Stockholder Value, Digital Transformation

TL;DR

<b>Marriott International Inc. invites stockholders to its virtual 2024 Annual Meeting on May 10, 2024, highlighting strong financial performance and strategic investments.</b>

AI Summary

MARRIOTT INTERNATIONAL INC /MD/ (MAR) filed a Proxy Statement (DEF 14A) with the SEC on March 27, 2024. Marriott International Inc. will hold its 2024 Annual Meeting of Stockholders on May 10, 2024, at 8:30 a.m. Eastern Time. The meeting will be conducted virtually via audio webcast. The company returned over $4.5 billion to stockholders in the past year through dividends and share repurchases. Marriott is investing in a multi-year digital and technology transformation to enhance customer experience and operations. The company emphasizes its commitment to sustainability and rigorous oversight of regulatory and other risks.

Why It Matters

For investors and stakeholders tracking MARRIOTT INTERNATIONAL INC /MD/, this filing contains several important signals. The virtual format allows for broader participation and accessibility for stockholders globally. The company's focus on digital transformation and sustainability signals a forward-looking strategy aimed at long-term value creation and responsible business practices.

Risk Assessment

Risk Level: low — MARRIOTT INTERNATIONAL INC /MD/ shows low risk based on this filing. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance and shareholder communication processes with no immediate negative financial or operational indicators.

Analyst Insight

Stockholders should review the proxy materials to understand the proposals being voted on and consider the company's strategic direction and financial performance when making voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did MARRIOTT INTERNATIONAL INC /MD/ file this DEF 14A?

MARRIOTT INTERNATIONAL INC /MD/ filed this Proxy Statement (DEF 14A) with the SEC on March 27, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by MARRIOTT INTERNATIONAL INC /MD/ (MAR).

Where can I read the original DEF 14A filing from MARRIOTT INTERNATIONAL INC /MD/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by MARRIOTT INTERNATIONAL INC /MD/.

What are the key takeaways from MARRIOTT INTERNATIONAL INC /MD/'s DEF 14A?

MARRIOTT INTERNATIONAL INC /MD/ filed this DEF 14A on March 27, 2024. Key takeaways: Marriott International Inc. will hold its 2024 Annual Meeting of Stockholders on May 10, 2024, at 8:30 a.m. Eastern Time.. The meeting will be conducted virtually via audio webcast.. The company returned over $4.5 billion to stockholders in the past year through dividends and share repurchases..

Is MARRIOTT INTERNATIONAL INC /MD/ a risky investment based on this filing?

Based on this DEF 14A, MARRIOTT INTERNATIONAL INC /MD/ presents a relatively low-risk profile. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance and shareholder communication processes with no immediate negative financial or operational indicators.

What should investors do after reading MARRIOTT INTERNATIONAL INC /MD/'s DEF 14A?

Stockholders should review the proxy materials to understand the proposals being voted on and consider the company's strategic direction and financial performance when making voting decisions. The overall sentiment from this filing is bullish.

How does MARRIOTT INTERNATIONAL INC /MD/ compare to its industry peers?

Marriott International operates in the hospitality industry, focusing on hotel management and franchising.

Are there regulatory concerns for MARRIOTT INTERNATIONAL INC /MD/?

The company is subject to various regulations governing its operations, labor practices, and financial reporting, as indicated by its focus on regulatory risk oversight.

Risk Factors

Industry Context

Marriott International operates in the hospitality industry, focusing on hotel management and franchising.

Regulatory Implications

The company is subject to various regulations governing its operations, labor practices, and financial reporting, as indicated by its focus on regulatory risk oversight.

What Investors Should Do

  1. Review the proxy statement for details on board nominees, executive compensation, and any shareholder proposals.
  2. Attend the virtual annual meeting on May 10, 2024, to hear management's updates and ask questions.
  3. Vote on all matters presented at the annual meeting, considering the company's strategic priorities and financial performance.

Key Dates

Year-Over-Year Comparison

This filing is a DEF 14A, indicating it is the definitive proxy statement for the upcoming annual meeting, following standard SEC filing procedures.

Filing Stats: 4,479 words · 18 min read · ~15 pages · Grade level 13.9 · Accepted 2024-03-27 09:04:07

Key Financial Figures

Filing Documents

Executive Compensation Tables and Discussion

Executive Compensation Tables and Discussion 60 Director Compensation 72 Securities Authorized for Issuance under Equity Compensation Plans 75 STOCK OWNERSHIP 76 Stock Ownership of our Directors, Executive Officers and Certain Beneficial Owners 76 TRANSACTIONS WITH RELATED PERSONS 79 Policy on Transactions and Arrangements with Related Persons 80 QUESTIONS AND ANSWERS ABOUT THE MEETING 81 2024 Proxy Materials 81 Participating in the Annual Meeting 81 Voting Procedures 82 Other Matters 84 HOUSEHOLDING 86 OTHER MATTERS 86 CAUTIONARY STATEMENTS 87 EXHIBIT A A-1 TABLE OF CONTENTS Company Highlights Our Company At Marriott, we never stop searching for inventive ways to serve our customers, provide opportunities for our associates, and grow our business. The company that began as a nine-seat root beer stand in 1927 has grown to a portfolio of more than 8,800 properties across more than 30 leading brands in 139 countries and territories. Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. Our Growing Forward Strategy Our Growing Forward strategy encapsulates our company priorities, rooted in our core values, and guides us as we work to deliver on the promise of Marriott's unique brand of hospitality around the world. In Growing Forward, we have rallied around our purpose of Connecting People Through the Power of Travel . This purpose highlights the transformative power travel has in our world and sets the tone for how we conduct business. 2024 Proxy Statement Marriott International, Inc. 1 TABLE OF CONTENTS Company Highlights PATHS TO WIN Our Growing Forward strategy is the road map for how we plan to lead the industry and be the first choice for associates, guests, and owners and franchisees. Our three Paths to Win guide how we se

Executive Compensation Matters

Executive Compensation Matters 2023 was a terrific year. We saw continued strong momentum in our business around the world, thanks to solid demand for travel and our diverse portfolio of more than 30 brands, which led to excellent financial and operating performance. All of our regions experienced significant RevPAR improvement during the year, net income increased by 31% over 2022, and Adjusted EBITDA increased by 21% over 2022. (1) We returned over $4.5 billion to stockholders through dividends and share repurchases during the year. Development activity was also strong as we signed a record 891 organic management, franchise and license agreements in 2023, representing approximately 164,000 rooms, and achieved strong net rooms growth of 4.7%. By year-end, our worldwide system consisted of nearly 8,800 properties with more than 1,597,000 rooms in 139 countries and territories. Our people are foundational to our strategy. Our associate engagement scores exceeded the "Best Employer" external benchmark, and we were recognized as a top 10 company on the Fortune 100 Best Companies to Work For, Great Place to Work in 2023. Finally, from a customer standpoint, we exceeded our 2023 goals for guest satisfaction and for Marriott Bonvoy loyalty program member engagement and enrollments. How We Tie Pay to Performance There is a strong correlation between our executive pay and Company performance. Our executive compensation program is designed to maintain this alignment, while also protecting the Company against inappropriate risk-taking and confli

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