secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT INTERNATIONAL INC /MD/ (MAR)
CIK:        0001048286
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001193125-23-203849
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott amends bylaws to align with DGCL updates and tighten shareholder proposal rules
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- Board approved Amended and Restated Bylaws effective August 3, 2023.
- Updates incorporate DGCL changes re shareholder list, meeting adjournment, stock certificates, and indemnification.
- New procedural requirements for shareholder business proposals, including extra disclosures and proxy card color rule.
- Establishes exclusive federal forum for Securities Act claims unless Company consents otherwise.
- Changes quorum to majority of Board, allows CEO to appoint and remove certain officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048286/000119312523203849/0001193125-23-203849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048286/000119312523203849/d467663d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-203849

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer