Summary
This Form 8-K filing from Marriott International, Inc. reports on the retirement of officer William J. Shaw, effective July 2, 2011. Mr. Shaw had previously retired as Vice-Chairman on March 31, 2011, and remained with the company in a non-executive capacity. The filing also announces Mr. Shaw's election to the Board of Directors of Marriott Vacations Worldwide Corporation, the entity being spun off to manage Marriott's vacation club business.
Key Highlights
- 1William J. Shaw retired from Marriott International, Inc. effective July 2, 2011.
- 2Mr. Shaw previously retired as Vice-Chairman on March 31, 2011.
- 3He continued employment in a non-executive capacity after his Vice-Chairman retirement.
- 4Mr. Shaw was elected to the Board of Directors of Marriott Vacations Worldwide Corporation.
- 5Marriott Vacations Worldwide Corporation is being spun off into a separate publicly-traded company.
- 6Mr. Shaw will receive a quarterly retainer for his director services with the new entity.
- 7Carl T. Berquist, Executive Vice President and Chief Financial Officer, signed the filing.