Marriott Vacations Worldwide Corp. Files 8-K
Ticker: VAC · Form: 8-K · Filed: May 14, 2024 · CIK: 1524358
Sentiment: neutral
Topics: corporate-governance, officer-appointment, director-changes
TL;DR
MVW filed an 8-K on May 14th detailing director changes, officer appointments, and compensation. No major financial news, but governance updates.
AI Summary
Marriott Vacations Worldwide Corp. filed an 8-K on May 14, 2024, reporting on the departure of directors, election of directors, appointment of officers, and compensatory arrangements. The filing also covers matters submitted to a vote of security holders and includes financial statements and exhibits. The earliest event reported was on May 10, 2024.
Why It Matters
This filing provides updates on corporate governance changes and executive compensation, which can impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing is routine corporate disclosure and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Marriott Vacations Worldwide Corp. (company) — Registrant
- May 14, 2024 (date) — Date of Report
- May 10, 2024 (date) — Earliest Event Reported
FAQ
What specific items were discussed under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'?
The filing indicates these topics were covered but does not provide specific names or details within the provided text.
Were there any significant financial statements or exhibits filed with this 8-K?
The filing states that 'Financial Statements and Exhibits' were filed, but the specific content of these is not detailed in the provided header information.
What is the Commission File Number for Marriott Vacations Worldwide Corp.?
The Commission File Number is 001-35219.
When was Marriott Vacations Worldwide Corp. incorporated?
The company was incorporated in Delaware.
What is the IRS Employer Identification Number for Marriott Vacations Worldwide Corp.?
The IRS Employer Identification Number is 45-2598330.
Filing Stats: 843 words · 3 min read · ~3 pages · Grade level 14.5 · Accepted 2024-05-14 16:46:51
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value VAC New York Stock Exchange
Filing Documents
- vac-20240514.htm (8-K) — 49KB
- exhibit101amendedandrestat.htm (EX-10.1) — 163KB
- 0001524358-24-000051.txt ( ) — 368KB
- vac-20240514.xsd (EX-101.SCH) — 2KB
- vac-20240514_lab.xml (EX-101.LAB) — 21KB
- vac-20240514_pre.xml (EX-101.PRE) — 12KB
- vac-20240514_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. At the Annual Meeting held on May 10, 2024, a total of 31,746,214 shares of the Company's common stock (approximately 90% of all shares entitled to vote at the Annual Meeting) were represented, in person or by proxy. The following proposals were voted on and approved by the Company's stockholders at the Annual Meeting: (1) The Company's stockholders elected the four director nominees named in the Proxy Statement as directors with the following votes: Nominee For Withheld Broker Non-Vote Lizanne Galbreath 27,086,181 431,307 4,228,726 Mary E. Galligan 27,295,685 221,803 4,228,726 Melquiades R. Martinez 26,926,111 591,377 4,228,726 Stephen R. Quazzo 26,990,227 527,261 4,228,726 (2) The Company's stockholders ratified the selection by the Company's Audit Committee of Ernst & Young LLP as the Company's independent auditors for the current fiscal year with the following votes: For Against Abstain Broker Non-Vote 31,362,104 298,507 85,603 — (3) The Company's stockholders approved, on an advisory (non-binding) basis, the compensation of the Company's named executive officers with the following votes: For Against Abstain Broker Non-Vote 26,768,223 641,591 107,674 4,228,726 (4) The Company's stockholders approved the Amended Plan with the following votes: For Against Abstain Broker Non-Vote 16,689,476 10,721,575 106,437 4,228,726
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 1 0.1 Amended and Restated Marriott Vacations Worldwide Corporation 2020 Equity Incentive Plan* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Management contract or compensatory plan or arrangement 1
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. MARRIOTT VACATIONS WORLDWIDE CORPORATION (Registrant) Dated: May 14, 2024 By: /s/ Jason P. Marino Name: Jason P. Marino Title: Executive Vice President and Chief Financial Officer 2