What is the primary purpose of this 8-K/A filing?

This filing is an amendment to provide key financial information about the acquired Starwood business, including audited and unaudited financial statements and pro forma combined financial data, to give investors a comprehensive view of the acquisition's impact.

Why is Starwood's vacation ownership business being reclassified to discontinued operations?

Reclassifying the vacation ownership business to discontinued operations allows investors to better assess the financial performance and outlook of Starwood's core continuing businesses that are now part of Marriott, separating them from assets or operations likely to be divested or not central to the combined entity's strategy.

What is 'pro forma financial information' and why is it important for investors?

Pro forma financial information presents how the combined companies would have performed financially if the acquisition had occurred at an earlier date. It's important because it helps investors understand the potential combined revenue, expenses, and profitability, aiding in the evaluation of the acquisition's strategic and financial benefits, such as cost savings and revenue synergies.

Where can I find the detailed financial statements of Starwood?

The audited consolidated financial statements of Starwood are provided as Exhibit 99.1, and the unaudited interim financial statements are provided as Exhibit 99.2, both attached to this Form 8-K/A.

MAR 8-K SEC Disclosure — Nov 17, 2016

Summary

This 8-K/A filing by Marriott International, Inc. (MAR) is an amendment to a previous filing, primarily providing updated financial information related to its acquisition of Starwood Hotels & Resorts Worldwide, Inc. The amendment includes audited and unaudited financial statements of Starwood, with its vacation ownership business reclassified to discontinued operations. This provides investors with a clearer picture of Starwood's core continuing operations as Marriott integrates the acquired entity. The filing also furnishes unaudited pro forma condensed combined financial information, offering a look at Marriott's expected financial performance as if the acquisition had occurred earlier. This is crucial for investors seeking to understand the potential financial impact and synergies arising from the significant Starwood transaction. The inclusion of these financial statements and pro forma data is essential for a comprehensive understanding of the merger's implications on Marriott's future financial standing.

Key Highlights

1Marriott International (MAR) filed an 8-K/A amendment providing financial statements for the acquired Starwood business.
2The filing includes audited consolidated financial statements of Starwood for the years ending December 31, 2015, 2014, and for the three years then ended.
3Starwood's former vacation ownership business has been reclassified to discontinued operations for all presented periods, clarifying ongoing business performance.
4Unaudited consolidated financial statements of Starwood as of June 30, 2016, and for the related interim periods are also included.
5Unaudited pro forma condensed combined financial information for the nine months ended September 30, 2016, related to the acquisition is attached.
6The filing incorporates financial information previously filed in Starwood's Form 10-Q, ensuring continuity and accessibility of data.
7A consent from Ernst & Young LLP, the independent registered public accounting firm for Starwood, is included as Exhibit 23.1.

MARRIOTT INTERNATIONAL INC /MD/ 8-K/A Report, Exhibit Filing (Nov 17, 2016)

Summary

Key Highlights

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