When was the ESOP feature in question established?

The leveraged ESOP feature was implemented in a transaction on June 13, 2000.

Where can I find more information about the settlement and its financial impact?

More detailed information about the settlement terms and its related financial statement impact is available in the press release issued by Marriott International on June 8, 2007, which is filed as Exhibit 99.1 to this Form 8-K.

Does this settlement involve any new financial obligations for Marriott?

The filing indicates there will be a financial statement impact, suggesting potential adjustments or costs associated with the settlement. However, the exact nature and magnitude of these obligations are not specified in the 8-K itself and would be detailed in the referenced press release.

MAR 8-K SEC Disclosure

Q: What is the main event reported in this 8-K filing?

The main event is Marriott International, Inc. reaching a settlement with the Internal Revenue Service (IRS) and the Department of Labor concerning an examination of its leveraged employee stock ownership plan (ESOP) feature.

Summary

Marriott International, Inc. (MAR) announced on June 7, 2007, that it has reached a settlement with the Internal Revenue Service (IRS) and the Department of Labor concerning an examination of the leveraged employee stock ownership plan (ESOP) feature of its Employees' Profit Sharing, Retirement and Savings Plan and Trust. This ESOP was established in a transaction on June 13, 2000. While the details of the settlement are not fully disclosed in this 8-K, the filing references a press release (Exhibit 99.1) that provides further information on the settlement terms and its anticipated impact on the company's financial statements. Investors should review this press release for a comprehensive understanding of the financial and operational implications of this resolution.

Key Highlights

1Marriott International settled an examination with the IRS and Department of Labor regarding its ESOP.
2The settlement pertains to the leveraged ESOP feature of the Employees' Profit Sharing, Retirement and Savings Plan and Trust.
3The ESOP in question was established in a transaction on June 13, 2000.
4The company expects a financial statement impact from this settlement.
5Further details regarding the settlement and its financial impact are available in an attached press release (Exhibit 99.1).

MARRIOTT INTERNATIONAL INC /MD/ 8-K Report, Corporate Update (Jun 8, 2007)

Summary

Key Highlights

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