Sean Tresvant
elected Sean Tresvant to the Board, effective February 12, 2025.
Highest-materiality recent filing
Marriott stockholders elect 12 directors, ratify EY, approve say-on-pay
All 12 director nominees elected; top vote-getter Sean Tresvant with ~2.04B votes for.
Marriott Q1 RevPAR up 4.2%, Adj EPS $2.72, pipeline record 618K rooms
Adjusted diluted EPS $2.72 vs. $2.32 YoY; reported EPS $2.43, net income $648M.
Marriott issues $1.45B in senior notes: $600M 4.500% due 2033, $850M 5.100% due 2038
Issued $600M 4.500% Series WW Notes due 2033 and $850M 5.100% Series XX Notes due 2038.
Marriott Q4 adj. EPS $2.58, RevPAR +1.9%; FY2026 guide: RevPAR +1.5-2.5%, capital returns >$4.3B
Q4 adj. EBITDA $1,402M (+9% YoY); adj. diluted EPS $2.58 vs $2.45 YoY.
Director Debra L. Lee to not stand for re-election at 2026 annual meeting
Debra L. Lee, board member and chair of Inclusion and Social Impact Committee, will not seek re-election.
Liam Brown (Group President US & Canada) and Brian King (President Enterprise Transformation & CALA) will retire, step down March 28, 2026, retire June 30, 2026.
Marriott Q3 adjusted EPS $2.47, RevPAR +0.5%, net rooms +4.7% YoY
Reported net income $728M (+25% YoY); adjusted EBITDA $1,349M (+10% YoY).
Marriott issues $1.5B in three tranches of senior notes due 2027-2035
$400M 4.200% Series TT Notes due 2027, $500M 4.500% Series UU Notes due 2031, $600M 5.250% Series VV Notes due 2035.
Marriott Q2 adjusted EPS $2.65 (vs $2.50); global RevPAR +1.5%, US/Canada flat
Q2 adjusted EPS $2.65, up 6% YoY; reported EPS $2.78 vs $2.69.
Marriott CFO Leeny Oberg to retire in 2026; Jen Mason named successor as CFO
CFO Oberg will step down after filing 2025 10-K and retire March 31, 2026; she served as CFO since 2016.
Marriott appoints Sean Tresvant to two Board committees effective May 9, 2025
Sean Tresvant, elected to Marriott Board in Jan 2025, assigned to Technology and Info Security Oversight Committee.
Marriott stockholders elect 13 directors, ratify auditor, approve say-on-pay at 2025 annual meeting
Stockholders elected 13 director nominees; largest against votes were for Frederick A. Henderson (44.3M) and Debra L. Lee (45.7M).
Marriott Q1 adjusted EPS $2.32, RevPAR +4.1%; announces citizenM acquisition
Reported diluted EPS $2.39; adjusted EPS $2.32; adjusted EBITDA $1,217M (+7% YoY).
Marriott issues $2B in senior notes: $500M 5.100% due 2032, $1.5B 5.500% due 2037
Issued $500M 5.100% Series RR Notes due 2032 and $1.5B 5.500% Series SS Notes due 2037.
Marriott Q4 RevPAR +5%, adjusted EPS $2.45, record room additions in 2024
Q4 worldwide RevPAR +5.0% YoY; U.S.&Canada +4.1%, international +7.2%.
Marriott elects Taco Bell CEO Sean Tresvant to board of directors
Sean Tresvant, CEO of Taco Bell Corp., elected to Marriott's board effective Feb 12, 2025; expected to be nominated at 2025 annual meeting.
Marriott Q3 adjusted EPS $2.26 beats year-ago $2.11; RevPAR up 3% globally
Adjusted diluted EPS $2.26 vs $2.11 YoY; GAAP EPS $2.07 due to $19M operating guarantee reserve and $11M litigation charge.
Marriott to impose trading blackout on retirement plan Sept 25 - Oct 18 for recordkeeper change
Blackout period from 4pm ET Sep 25 to Oct 18, 2024, due to transition to a new RSP recordkeeper.
Marriott issues $1.5B in senior notes: $500M at 4.800% due 2030, $1B at 5.350% due 2035
Issued $500M 4.800% Series PP Notes due 2030 and $1B 5.350% Series QQ Notes due 2035.
Marriott Q2 2024: RevPAR +4.9%, adjusted EPS $2.50 (beat), net income $772M, outlook narrowed
RevPAR worldwide +4.9% constant $; US&Canada +3.9%, international +7.4%.
Stockholders elected all 12 director nominees, with votes for ranging from 2.16B to 2.24B shares.
Marriott Q1 adjusted EPS $2.13 beats $2.09 YoY; raises FY 2024 guidance
Q1 adjusted diluted EPS $2.13 vs $2.09 YoY; reported diluted EPS $1.93 vs $2.43.
Marriott issues $1.5B in two tranches: $500M 4.875% notes due 2029, $1B 5.3% notes due 2034
Issued $500M of 4.875% Series NN Notes due 2029 and $1B of 5.300% Series OO Notes due 2034.
Marriott Q4 adjusted EPS $3.57 vs $1.96 YoY; RevPAR up 7.2% globally
Q4 reported net income $848M, up 26% YoY; adjusted net income $1,055M.
Marriott Q3 adjusted EPS $2.11 vs $1.69 YoY; raises FY RevPAR growth guidance to 14-15%
Adjusted diluted EPS $2.11, up from $1.69; reported net income $752M vs $630M.
Net rooms to grow 5.0-5.5% CAGR (230k-270k additions), reaching ~1.8M rooms by 2025.
Marriott issues $1.15B in notes: $450M 5.45% due 2026, $700M 5.55% due 2028
Issued $450M aggregate principal of 5.450% Series LL Notes due Sept 15, 2026.
Marriott amends bylaws to align with DGCL updates and tighten shareholder proposal rules
Board approved Amended and Restated Bylaws effective August 3, 2023.
Marriott Q2 2023: Adjusted EPS $2.26 beats $1.80; raises full-year RevPAR & EPS guidance
Q2 reported EPS $2.38 (vs $2.06), adjusted EPS $2.26 (vs $1.80); RevPAR up 13.5% worldwide.
Marriott appoints Hobart and Reid to board committees
Lauren R. Hobart appointed to Human Resources and Compensation Committee and Technology and Information Security Oversight Committee.
Marriott stockholders elect 13 directors, approve 2023 incentive plan, vote yearly on exec pay
All 13 director nominees elected; Eric Hippeau received most 'against' votes (92.9M).
Marriott Q1 adjusted EPS $2.09 beats $1.25; raises full-year RevPAR guidance
Reported diluted EPS $2.43; adjusted diluted EPS $2.09 vs $1.25 in Q1 2022.
Marriott International issues $800M of 4.900% Notes due 2029 for general corporate purposes
Issued $800M aggregate principal of 4.900% Series KK Notes due April 15, 2029.
Marriott elects Dick's Sporting Goods CEO Hobart and ex-Mars CEO Reid to board
Lauren R. Hobart, CEO of DICK'S Sporting Goods, and Grant F. Reid, former CEO of Mars, elected to Marriott board effective March 15, 2023.
Marriott Q4 2022 EPS beats, RevPAR up 29% YoY; Group President Craig Smith retiring
Q4 reported diluted EPS $2.12 (vs $1.42 prior year); adjusted EPS $1.96 (vs $1.30).
Marriott appoints CEO Capuano as President; declares $0.40 quarterly dividend
CEO Anthony Capuano appointed President effective Feb 24, replacing Stephanie Linnartz.
Marriott President Stephanie Linnartz resigns to become Under Armour CEO effective Feb. 24, 2023
Stephanie Linnartz, President since 2021, steps down after 25 years at Marriott.
Marriott amends $4.5B credit facility, extends maturity to Dec 2027, moves to SOFR
Sixth Amended and Restated Credit Agreement entered Dec 14, 2022, extending maturity from June 2024 to Dec 2027.
Marriott Q3 RevPAR above 2019; EPS $1.94; ups shareholder return outlook
Q3 RevPAR +36.3% YoY, +1.8% vs 2019; U.S. & Canada RevPAR +3.5% vs 2019.
Marriott issues $1B of 5.000% notes due 2027; net proceeds ~$983M
Issued $1B aggregate principal of 5.000% Series JJ Notes due October 15, 2027.
Marriott Q2 2022: RevPAR surpasses 2019 in June; adjusted EPS $1.80 vs $0.79 YoY
Second quarter RevPAR up 70.6% YoY worldwide; June RevPAR exceeded 2019 levels for the first time.
Marriott stockholders elect all 12 directors, reject worker-costs proposal at 2022 annual meeting
All 12 director nominees elected; David S. Marriott received lowest support (2.38B for, 111.5M against, 5.4M abstain).
Marriott Q1 net income $377M vs loss $11M YoY; reinstates $0.30 dividend
Reported diluted EPS $1.14 vs -$0.03; adjusted diluted EPS $1.25 vs $0.10 YoY.
Marriott Q4 2021: adjusted EPS $1.30, RevPAR up 124.5% YoY but still 19% below 2019
Reported diluted EPS $1.42 vs loss $0.50 YoY; adjusted EPS $1.30 vs $0.12.
J.W. Marriott Jr. to retire as Executive Chairman and not stand for re-election at 2022 annual meeting; becomes Chairman Emeritus.
Marriott Q3 RevPAR down 26% vs 2019 but strong recovery; adjusted EPS $0.99
Comparable systemwide RevPAR +118.4% YoY, still down 25.8% vs Q3 2019; U.S. & Canada down 19.9% vs 2019.
Marriott increases debt tender offer to $1B, accepts $1B of Series EE Notes at 89.4% proration
Increased maximum principal of cash tender offer from $800M to $1,000M.
Marriott prices $1B debt tender offer and issues $700M of 2.750% notes due 2033
Tender offer for up to $1B of three series (5.750% EE, 3.750% P, 3.750% V) priced; early settlement Sept 23.
Marriott announces cash tender offer for up to $800M of its outstanding notes due 2025
Offers to purchase up to $800M aggregate principal of 5.750% Series EE, 3.750% Series P, and 3.750% Series V notes, all due 2025.
Marriott Q2 2021: net income $422M, adj. EPS $0.79; RevPAR up 262.6% YoY
Reported net income $422M (diluted EPS $1.28) vs net loss $234M a year ago; adjusted net income $260M (adj. EPS $0.79).
elected Sean Tresvant to the Board, effective February 12, 2025.
increased the size of the Board to fourteen (14) members and elected Lauren R. Hobart and Grant F. Reid to the Board, effective March 15, 2023.
increased the size of the Board to fourteen (14) members and elected Lauren R. Hobart and Grant F. Reid to the Board, effective March 15, 2023.
On February 10, 2023, Craig S. Smith, Group President, International of Marriott informed Marriott that he has decided to retire effective February 24, 2023.
As previously announced, Stephanie Linnartz, the current President of Marriott, has resigned effective February 24, 2023 in order to accept the position of President and Chief Executive Officer of Under Armour, Inc.
On February 10, 2023, the Board of Directors (the “Board”) of Marriott International, Inc. (“Marriott” or the “Company”) appointed Anthony G. Capuano, currently the Chief Executive Officer (“CEO”) of Marriott and a member of the Board, to the additional role of President of Marriott, effective February 24, 2023.
On December 15, 2022, Stephanie Linnartz, President of Marriott International, Inc. (“Marriott”), submitted her resignation in order to accept the position of President and Chief Executive Officer of Under Armour, Inc.
J.W. Marriott, Jr. confirmed to the Board that he will not stand for re-election at the 2022 Annual Meeting.
Lawrence W. Kellner, who currently serves as Lead Director of the Board and chair of the Nominating and Corporate Governance Committee of the Board, informed the Board that he will not stand for re-election at the 2022 Annual Meeting.
The independent directors of the Board selected Frederick A. “Fritz” Henderson to succeed Mr. Kellner as Lead Director of the Board, effective immediately following the 2022 Annual Meeting.
The Board has elected David S. Marriott to succeed Mr. J.W. Marriott, Jr. as Chairman of the Board, effective immediately following the 2022 Annual Meeting.
Max materiality 0.85 · Median 0.62 · Most common event earnings