Why is Marriott International transferring its stock listing to NASDAQ?

The 8-K filing does not explicitly state the reasons for the transfer. However, such moves are often driven by factors such as cost savings, access to different investor bases, perceived benefits of NASDAQ's market operations, or strategic alignment with technology and growth-oriented companies often listed on NASDAQ.

Will my Marriott stock need to be exchanged or will my broker handle the transition?

This is a listing transfer, not a stock split or exchange. Your existing Marriott International Class A Common Stock will continue to exist under the same ticker symbol ('MAR'). Your broker will automatically handle the transition, and you should not need to take any action. Your shares will simply begin trading on NASDAQ instead of the NYSE.

What is the expected impact on Marriott's stock price or trading volume?

A stock exchange listing transfer itself typically has minimal direct impact on a company's fundamental valuation or stock price. Any short-term price fluctuations would likely be due to market sentiment or other prevailing news, rather than the listing change itself. Trading volume may shift as different market participants are more active on one exchange versus another.

When will the last day of trading on the NYSE be?

Marriott expects to voluntarily cease trading on the NYSE at the close of trading on October 18, 2013.

MAR 8-K: Securities & Listing

Summary

Marriott International Inc. (MAR) announced on October 7, 2013, its intention to voluntarily transfer its stock listing from the New York Stock Exchange (NYSE) to The NASDAQ Global Select Market (NASDAQ). This strategic move, authorized by the Board of Directors on October 4, 2013, is expected to be completed by the close of trading on October 18, 2013. The company's Class A Common Stock will continue to trade under the ticker symbol 'MAR' on NASDAQ, with trading expected to commence on October 21, 2013. This filing is primarily informational, detailing the logistics and expected timeline of the listing transfer. Investors should note that this is a voluntary action by Marriott and does not reflect any immediate change in the company's operational performance or financial health. The press release announcing this transfer is attached as an exhibit to this Form 8-K.

Key Highlights

1Marriott International is voluntarily transferring its stock listing from the NYSE to NASDAQ.
2The transfer is expected to be completed by the close of trading on October 18, 2013.
3Trading on NASDAQ is anticipated to begin on October 21, 2013.
4The company's stock symbol 'MAR' will remain unchanged.
5The decision was authorized by Marriott's Board of Directors on October 4, 2013.
6A press release detailing the transfer is filed as Exhibit 99.

MARRIOTT INTERNATIONAL INC /MD/ 8-K Report, Listing Notice (Oct 7, 2013)

Summary

Key Highlights

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