SC 13D/A 1 tm2215540d1_sc13da.htm SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 8)

 

MARRIOTT INTERNATIONAL, INC.

(Name of Issuer)

 

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

        571903202        

(CUSIP Number)

 

Stephanie M. Loughlin

Venable LLP

600 Massachusetts Avenue, NW
Washington, DC 20001 (202) 344-4874

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

          May 6, 2022        

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ¨

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 2 of 16 Pages

  

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

JWM Family Enterprises, Inc.

52-1823618

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

0

8

SHARED VOTING POWER

22,027,118*

9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

22,027,118*

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

22,027,118

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

6.7%**

14

TYPE OF REPORTING PERSON

 

CO 

 

* Consists of the following: (a) 7,247,119 shares held by JWM Family Enterprises, L.P, whose sole general partner in JWM Family Enterprises, Inc.; (b) 8,319,999 shares owned by Thomas Point Ventures, L.P., whose sole general partner is JWM Family Enterprises, L.P.; (c) 360,000 shares held by Terrapin Limited Holdings, LLC, whose sole member is JWM Family Enterprises, L.P.; (d) 220,000 shares held by Short North Limited Holdings, LLC, whose sole member is JWM Family Enterprises, L.P; (e) 3,000,000 shares owned by Penny Lane Limited Holdings, LLC, whose sole member is JWM Family Enterprises, L.P; (f) 1,640,000 shares owned by Anchorage Partners, L.P., whose sole general partner is JWM Family Enterprises, L.P.; (g) 360,000 shares owned by Bay Harbor Limited Holdings, LLC, whose sole member is Anchorage Partners, L.P.; and (h) 880,000 shares owned by 43 Degrees North Holdings, LLC, whose sole member is Thomas Point Ventures, L.P.

 

** The denominator is based on 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q filed by Marriott International, Inc. for the quarterly period ended March 31, 2022 (the “Form 10-Q”).

 

 

 

 SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 3 of 16 Pages

 

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

JWM Family Enterprises, L.P.

52-1821926

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

7,247,119*

8

SHARED VOTING POWER

14,779,999**

9

SOLE DISPOSITIVE POWER

7,247,119*

10

SHARED DISPOSITIVE POWER

14,779,999**

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

22,027,118

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

6.7%***

14

TYPE OF REPORTING PERSON

 

PN

 

* Consists of 7,247,119 shares held directly by JWM Family Enterprises, L.P.

 

** Consists of the following: (a) 8,319,999 shares owned by Thomas Point Ventures, L.P., whose sole general partner is JWM Family Enterprises, L.P.; (b) 360,000 shares held by Terrapin Limited Holdings, LLC, whose sole member is JWM Family Enterprises, L.P.; (c) 220,000 shares held by Short North Limited Holdings, LLC, whose sole member is JWM Family Enterprises, L.P; (d) 3,000,000 shares owned by Penny Lane Limited Holdings, LLC, whose sole member is JWM Family Enterprises, L.P; (e) 1,640,000 shares owned by Anchorage Partners, L.P., whose sole general partner is JWM Family Enterprises, L.P.; (f) 360,000 shares owned by Bay Harbor Limited Holdings, LLC, whose sole member is Anchorage Partners, L.P.; and (g) 880,000 shares owned by 43 Degrees North Holdings, LLC, whose sole member is Thomas Point Ventures, L.P.

 

*** The denominator is based on 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q.

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 4 of 16 Pages

 

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

J.W. Marriott, Jr.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

2,637,970*

8

SHARED VOTING POWER

33,325,702**

9

SOLE DISPOSITIVE POWER

2,637,970*

10

SHARED DISPOSITIVE POWER

33,325,702**

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

35,963,672***

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

11.0%****

14

TYPE OF REPORTING PERSON

 

IN

 

* Consists of 2,637,970 shares held directly by J.W. Marriott, Jr.

 

** Consists of the following: (a) 2,485,594 shares held by five trusts for the benefit of the children of J.W. Marriott, Jr. and the children of Richard E. Marriott, for which J.W. Marriott, Jr. serves as a trustee; (b) 3,432,787 shares owned by The J. Willard & Alice S. Marriott Foundation, a charitable foundation, for which J.W. Marriott, Jr. serves as a trustee; (c) 3,145,703 shares held by a limited liability company, for which J.W. Marriott, Jr. serves as a manager; (d) 22,027,118 shares beneficially owned by JWM Family Enterprises, Inc.; (e) 

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 5 of 16 Pages

 

1,659,167 shares held by three trusts for the benefit of J.W. Marriott, Jr.’s children, for which the spouse of J.W. Marriott, Jr. serves as a trustee; (f) 49,575 shares owned by three trusts for the benefit of J.W. Marriott, Jr.’s grandchildren, for which the spouse of J.W. Marriott, Jr. serves as a trustee; (g) 285,758 shares held by J.W. Marriott, Jr.’s spouse; and (h) 240,000 shares owned by six trusts for the benefit of the grandchildren and more remote descendants of J. W. Marriott, Jr., for which the spouse of J.W. Marriott, Jr. serves as a trustee. J.W. Marriott, Jr. disclaims beneficial ownership of the foregoing shares in excess of his pecuniary interest.

 

*** The Potential Group Members (as defined herein) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The aggregate number of shares beneficially owned by all of the Potential Group Members without duplication is 39,007,847, including 3,856 shares of Class A Common Stock attributable to SARs that are currently exercisable or exercisable within 60 days of May 10, 2022.

 

**** The denominator is based on 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q.

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 6 of 16 Pages

 

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

Deborah Marriott Harrison

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

192,384*

8

SHARED VOTING POWER

26,692,826**

9

SOLE DISPOSITIVE POWER

192,384*

10

SHARED DISPOSITIVE POWER

26,692,826**

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

26,885,210***

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

8.2%****

14

TYPE OF REPORTING PERSON

 

IN

 

* Consists of (a) 61,238 shares held directly by Deborah Marriott Harrison; (b) 127,290 shares held in grantor trusts of which Deborah Marriott Harrison is the sole trustee; and (c) 3,856 shares attributable to SARs held by Deborah Marriott Harrison currently exercisable or exercisable within 60 days of May 10, 2022. SAR underlying share amounts are based on the $168.09 closing price of Marriott International, Inc. Class A Common Stock on May 10, 2022.

 

** Consists of the following: (a) 22,027,118 shares beneficially owned by JWM Family Enterprises, Inc.; (b) 3,432,787 shares owned by The J. Willard & Alice S. Marriott Foundation, a charitable foundation, for which Deborah Marriott Harrison serves as a trustee; (c) 14,711 shares held directly by Deborah Marriott Harrison’s husband, Ronald Taylor Harrison; (d) 179,166 shares held in three trusts for the benefit of J.W. Marriott, Jr.’s grandchildren, for which Deborah Marriott Harrison serves as a trustee; (e) 9,350 shares held in thirteen trusts for the benefit of Deborah Marriott Harrison’s grandchildren, for which Deborah Marriott Harrison serves as a trustee; (f) 168,003 shares held in three trusts for the benefit of Deborah Marriott Harrison’s children, for which Deborah Marriott Harrison serves as a trustee; (g) 34,920 shares

 

 

 

 

CUSIP No. 571903202   Page 7 of 16 Pages

 

held in a limited liability company, for which Deborah Marriott Harrison serves as a manager; (h) 90,561 shares held in a limited liability company, for which Deborah Marriott Harrison’s spouse serves as a manager; (i) 240,000 shares owned by six trusts for the benefit of the grandchildren and more remote descendants of J. W. Marriott, Jr., for which Deborah Marriott Harrison serves as a trustee; (j) 251,000 shares owned by a life insurance trust, for which Deborah Marriott Harrison serves as a trustee; and (k) 245,210 shares held in a trust for the benefit of Deborah Marriott Harrison’s descendants, for which Deborah Marriott Harrison serves as a trustee. Deborah Marriott Harrison disclaims beneficial ownership of all of the foregoing shares in excess of her pecuniary interest.

 

*** The Potential Group Members may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Exchange Act. The aggregate number of shares beneficially owned by all of the Potential Group Members without duplication is 39,007,847, including 3,856 shares of Class A Common Stock issuable upon the exercise of SARs that are currently exercisable or exercisable within 60 days of May 10, 2022.

 

**** The denominator is based on: (a) 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q; and (b) 3,856 shares attributable to SARs that are currently exercisable or exercisable within 60 days of May 10, 2022.

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 8 of 16 Pages

 

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

The Juliana B. Marriott Marital Trust

46-6976704

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

436,928*

8

SHARED VOTING POWER

22,027,118**

9

SOLE DISPOSITIVE POWER

436,928*

10

SHARED DISPOSITIVE POWER

22,027,118**

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

22,464,046***

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

6.9%****

14

TYPE OF REPORTING PERSON

 

OO

 

* Consists of 436,928 shares held directly by The Juliana B. Marriott Marital Trust (the “Marital Trust”).

 

** Consists of 22,027,118 shares beneficially owned by JWM Family Enterprises, Inc. The Marital Trust disclaims beneficial ownership of the foregoing shares in excess of its pecuniary interest.

 

*** The Potential Group Members may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Exchange Act. The aggregate number of shares beneficially owned by all of the Potential Group Members without duplication is 39,007,847, including 3,856 shares of Class A Common Stock issuable upon the exercise of SARs that are currently exercisable or exercisable within 60 days of May 10, 2022.

 

**** The denominator is based on 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q.

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 9 of 16 Pages

 

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

Juliana B. Marriott

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

18,000*

8

SHARED VOTING POWER

22,464,046**

9

SOLE DISPOSITIVE POWER

18,000*

10

SHARED DISPOSITIVE POWER

22,464,046**

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

22,482,046***

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

6.9%****

14

TYPE OF REPORTING PERSON

 

IN

 

* Consists of 18,000 shares held directly by Juliana B. Marriott.

 

** Consists of 22,464,046 shares beneficially owned by the Marital Trust, for which Juliana B. Marriott serves as a trustee.

 

*** The Potential Group Members may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Exchange Act. The aggregate number of shares beneficially owned by all of the Potential Group Members without duplication is 39,007,847, including 3,856 shares of Class A Common Stock issuable upon the exercise of SARs that are currently exercisable or exercisable within 60 days of May 10, 2022.

 

**** The denominator is based on 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q.

 

 

 

  

SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 10 of 16 Pages

 

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

Michelle E. Marriott

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

20,811*

8

SHARED VOTING POWER

22,027,118**

9

SOLE DISPOSITIVE POWER

20,811*

10

SHARED DISPOSITIVE POWER

22,027,118**

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

22,047,929

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

6.7%***

14

TYPE OF REPORTING PERSON

 

IN

 

* Consists of: (a) 20,605 shares held directly by Michelle E. Marriott; and (b) 206 shares held in a trust for the benefit of Michelle E. Marriott’s niece, for which Michelle E. Marriott serves as sole trustee. Michelle E. Marriott disclaims beneficial ownership of the foregoing shares in excess of her pecuniary interest.

 

** Consists of 22,027,118 shares beneficially owned by JWM Family Enterprises, Inc. Michelle E. Marriott disclaims beneficial ownership of the foregoing shares in excess of her pecuniary interest.

 

*** The denominator is based on 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q.

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 571903202   Page 11 of 16 Pages

 

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

David Sheets Marriott

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

598,115*

8

SHARED VOTING POWER

27,193,660**

9

SOLE DISPOSITIVE POWER

598,115*

10

SHARED DISPOSITIVE POWER

27,193,660**

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

27,791,775***

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

8.5%****

14

TYPE OF REPORTING PERSON

 

IN

 

* Consists of the following: (a) 573,949 shares held directly David Sheets Marriott; and (c) 24,166 shares held in a grantor trust of which David Sheets Marriott is the sole trustee.

 

** Consists of the following: (a) 22,027,118 shares beneficially owned by JWM Family Enterprises, Inc.; (b) 11,518 shares held by David Sheets Marriott’s spouse; (c) 78,220 shares held by four trusts for the benefit of David Sheets Marriott’s children, for which David Sheets Marriott serves as a trustee; (d) 240,000 shares owned by six trusts for the benefit of the grandchildren and more remote descendants of J. W. Marriott, Jr., for which David Sheets Marriott serves as a trustee; (e) 251,000 shares owned by a life insurance trust, for which David Sheets Marriott serves as a trustee; (f) 75,000 shares owned by a trust for which David Sheets Marriott serves as a trustee; (g) 230,390 shares owned by a trust for the descendants of David Sheets Marriott, for which David Sheets Marriott serves as a trustee; (h) 221,678 shares held in three trusts for the descendants of Stephen Garff Marriott, for which David Sheets Marriott serves as a trustee; (i) 436,928 shares held by a trust for the benefit of Juliana B. Marriott, for which David Sheets Marriott serves as a trustee; (j) 3,432,787 shares owned by The J. Willard & Alice S. Marriott Foundation, a charitable foundation, for which David Sheets Marriott serves as a trustee; and (k) 189,021 shares held by six trusts for the benefit of his nieces and nephew, for which David Sheets Marriott serves as a trustee. David Sheets Marriott disclaims beneficial ownership of the foregoing shares in excess of his pecuniary interest.

 

 

 

  

CUSIP No. 571903202   Page 12 of 16 Pages

 

*** The Potential Group Members may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Exchange Act. The aggregate number of shares beneficially owned by all of the Potential Group Members without duplication is 39,007,847, including 3,856 shares of Class A Common Stock issuable upon the exercise of SARs that are currently exercisable or exercisable within 60 days of May 10, 2022.

 

**** The denominator is based on 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q.

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 571903202   Page 13 of 16 Pages

 

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

Jennifer R. Jackson

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY SEC USE ONLY
4

SOURCE OF FUNDS                                                                        OO 

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION                                                               United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

0

8

SHARED VOTING POWER

22,036,784*

9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

22,036,784*

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

22,036,784

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

Not Applicable

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

6.7%**

14

TYPE OF REPORTING PERSON

 

IN

 

* Consists of (a) 22,027,118 shares beneficially owned by JWM Family Enterprises, Inc. and (b) 9,666 shares held in trusts of which the spouse of Jennifer R. Jackson serves as trustee. Jennifer R. Jackson disclaims beneficial ownership of the foregoing shares in excess of her pecuniary interest.

 

** The denominator is based on 327,298,386 shares of Class A Common Stock outstanding as of April 27, 2022, as stated on the facing page of the Form 10-Q.

 

 

Schedule 13D/A

Marriott International, Inc.

Page 14 of 16 Pages

 

This Amendment No. 8 (this “Amendment No. 8”) is being filed by the Reporting Persons (as defined herein) and, with respect to the Reporting Persons, amends, supplements and to the extent inconsistent with, supersedes the Schedule 13D filed by J.W. Marriott, Jr., Deborah Marriott Harrison, David Sheets Marriott, Juliana B. Marriott, Nicole Marriott Avery and Jennifer R. Jackson (collectively with Michelle E. Marriott, the “Individual Reporting Persons”), and JWM Family Enterprises, Inc. (“Family Corp”), JWM Family Enterprises, L.P. (“Family L.P.”) and The Juliana B. Marriott Marital Trust (the “Marital Trust” and, collectively with the Individual Reporting Persons, Family Corp and Family L.P., the “Reporting Persons”) on May 26, 2006, as amended by Amendment No. 1 filed on April 21, 2009, Amendment No. 1 filed on March 13, 2012, Amendment No. 2 filed on November 21, 2013, Amendment No. 3 filed on January 29, 2015, Amendment No. 4 filed on December 15, 2016, Amendment No. 5 filed on November 24, 2017, Amendment No. 6 filed on March 10, 2020 and Amendment No. 7 filed on March 2, 2021 (as amended, the “Schedule 13D”).

 

Item 2. Identity and Background

 

Item 2 of the Schedule 13D is hereby deleted in its entirety and substituted by the following:

 

J.W. Marriott, Jr., Deborah Marriott Harrison, David Sheets Marriott, Juliana B. Marriott and the Marital Trust (collectively, the “Potential Group Members”) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), due to the provisions of the Second Amended and Restated Stockholders Agreement, effective as of September 30, 2013, as amended (the “Stockholders Agreement”), as described in Item 4. Except as expressly set forth in this Amendment No. 8, each Reporting Person disclaims beneficial ownership of the shares of Class A Common Stock beneficially owned by any other Reporting Person.

 

To the best knowledge of the Reporting Persons, the name, business address and present principal occupation or employment of each Individual Reporting Person are set forth on Appendix A hereto, which is incorporated by reference herein. The Marital Trust is a trust formed under the laws of Maryland. Family L.P. is a limited partnership organized under the laws of the State of Delaware. Family L.P.’s principal business is the ownership and operation of hotels. The general partner of Family L.P. is Family Corp. Family Corp is a corporation organized under the laws of the State of Delaware. Family Corp’s principal business is the ownership and operation of hotels. The directors and executive officers of Family Corp are set forth on Appendix A hereto. The business address of each of the Marital Trust, Family L.P. and Family Corp is 540 Gaither Road, Suite 100, Rockville, MD 20850.

 

To the best knowledge of the Reporting Persons, during the last five years, none of the Reporting Persons, or the directors and executive officers of Family Corp has been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors).

 

To the best knowledge of the Reporting Persons, during the last five years, none of the Reporting Persons, or the directors and executive officers of Family Corp has been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as the result of which such person was or is subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

 

Schedule 13D/A

Marriott International, Inc.

Page 15 of 16 Pages

 

To the best knowledge of the Reporting Persons, each Individual Reporting Person, and the directors and executive officers of Family Corp are citizens of the United States of America.

 

Item 4. Purpose of the Transaction

 

The text under each heading listed below of Item 4 of the Schedule 13D is hereby supplemented and amended by the following:

 

Family Corp Pledged Shares

 

As of the date of this Amendment No. 8, of the shares of Class A Common Stock beneficially owned by Family Corp, 3,916,500 shares are currently pledged as collateral.

 

Other Pledged Shares

 

As of the date of this Amendment No. 8, of the shares of Class A Common Stock held directly by J. W. Marriott, Jr., 2,637,970 shares have been pledged as collateral.

 

As of the date of this Amendment No. 8, of the shares of Class A Common Stock held directly by David Sheets Marriott, 21,817 shares have been pledged as collateral.

 

As of the date of this Amendment No. 8, of the shares of Class A Common Stock held directly by trusts of which David Sheets Marriott is a trustee, 218,777 shares have been pledged as collateral.

 

As of the date of this Amendment No. 8, of the shares of Class A Common Stock held directly by trusts of which Deborah Marriott Harrison is a trustee, 70,203 shares have been pledged as collateral.

 

The text of Item 4 of the Schedule 13D is supplemented and amended by the following:

 

On May 6, 2022, J.W. Marriott, Jr. retired as Executive Chairman and Chairman of the Board of Directors (the “Board”) of Marriott International, Inc., a Delaware corporation (“Marriott”) and was given the title of Chairman Emeritus. As Chairman Emeritus, Mr. Marriott may attend certain Board meetings or functions, but he is not considered a member of the Board or a “director” as that term is used in Marriott’s Amended and Restated Bylaws. He may not vote on any business coming before the Board, and he is not counted as a member of the Board for the purpose of determining a quorum or for any other purpose. He does not receive a salary in his capacity as Chairman Emeritus or compensation for attendance at Board meetings, although he may be reimbursed for reasonable expenses incurred to attend such meetings or functions or other business expenses incurred in connection with his role as Chairman Emeritus.

 

 

Schedule 13D/A

Marriott International, Inc.

Page 16 of 16 Pages

 

Item 5. Interest in Securities of the Issuer

 

Item 5 of the Schedule 13D is hereby deleted in its entirety and substituted by the following:

 

(a) See Items 11 and 13 and the footnotes thereto of the cover pages to this Amendment No. 8, which are incorporated herein by reference, for the aggregate number of shares and percentage of Class A Common Stock owned by each Reporting Person.

 

(b) See Items 7-10 and the footnotes thereto of the cover pages to this Amendment No. 8, which are incorporated herein by reference, for the aggregate number of shares of Class A Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of such shares of Class A Common Stock.

 

(c) The following Reporting Persons have effected transactions in the Class A Common Stock during the past sixty days:

 

·On May 10, 2022, Deborah Harrison acquired 1,224 shares upon the distribution of a deferred share award.
   
 ·On May 13, 2022, Deborah Harrison received a distribution of 33,150 shares from a grantor trust of which she is the sole trustee. This transaction effected only a change in the form of beneficial ownership for such shares.

 

(d) Except as provided in Item 4 and as described in the footnotes to the cover pages of this Amendment No. 8, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock referred to in paragraphs (a) and (b) above.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

The last paragraph of Item 6 of the Schedule 13D is hereby deleted in its entirety and substituted by the following:

 

The Reporting Persons have also entered into a Joint Filing Agreement dated as of May 16, 2022, a copy of which is filed as Exhibit 7.01 with this Amendment No. 8.

 

Item 7. Material to be Filed as Exhibits

 

Exhibit 7.01 – Joint Filing Agreement, dated as of May 16, 2022.

 

 

Schedule 13D/A

Marriott International, Inc.

 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

   

    May 16, 2022      By: /s/ J.W. Marriot, Jr.
Date   J.W. Marriott, Jr.
     
     
  By:    /s/ Deborah Marriott Harrison
    Deborah Marriott Harrison
     
  The Juliana B. Marriott Marital Trust
     
  By:    /s/ Juliana B. Marriott
  Name:   Juliana B. Marriott
  Title:      Trustee
     
  By: /s/ David Sheets Marriott
  Name:    David Sheets Marriott
  Title:      Trustee
     
     
  By:    /s/ Juliana B. Marriott
    Juliana B. Marriott
     
     
  By: /s/ David Sheets Marriott
    David Sheets Marriott
     
     
  By: /s/ Michelle Marriott
    Michelle Marriott
     
     
  JWM Family Enterprises, Inc.
     
  By: /s/ Jacqueline M. Perry
  Name:    Jacqueline M. Perry
  Title: Treasurer

 

 

Schedule 13D/A

Marriott International, Inc.

 

 

  JWM Family Enterprises, L.P.
     
  By:  JWM Family Enterprises, Inc., its General Partner
     
  By: /s/ Jacqueline M. Perry
  Name:    Jacqueline M. Perry
  Title:      Treasurer
     
  /s/ Jennifer R. Jackson
  Jennifer R. Jackson

 

 

 

  

Appendix A

Individual Reporting Persons

 

Name Business Address Principal Occupation
J.W. Marriott, Jr.

Marriott International, Inc.

10400 Fernwood Road

Bethesda, MD 20817

Chairman Emeritus, Marriott International, Inc.
Deborah Marriott Harrison*

Marriott International, Inc.

10400 Fernwood Road

Bethesda, MD 20817

Global Cultural Ambassador Emeritus, Marriott International, Inc.
Juliana B. Marriott

JWM Family Enterprises, Inc.

540 Gaither Road, Suite 100

Rockville, MD 20850

Interior Designer, Self-Employed
David Sheets Marriott*

Marriott International, Inc.

10400 Fernwood Road

Bethesda, MD 20817

Chairman of the Board, Marriott International, Inc.
Michelle E. Marriott

JWM Family Enterprises, Inc.

540 Gaither Road, Suite 100

Rockville, MD 20850

Teacher, Boston Public Schools
Jennifer R. Jackson

JWM Family Enterprises, Inc.

540 Gaither Road, Suite 100

Rockville, MD 20850

Homemaker

 

* Director of Marriott International, Inc.

 

 

A-1

 

 

JWM Family Enterprises, Inc.

 

Name Business Address Principal Occupation
J.W. Marriott, Jr.*

Marriott International, Inc.

10400 Fernwood Road

Bethesda, MD 20817

Chairman Emeritus, Marriott International, Inc.
Deborah Marriott Harrison**

Marriott International, Inc.

10400 Fernwood Road

Bethesda, MD 20817

Global Cultural Ambassador Emeritus, Marriott International, Inc.
Michelle E. Marriott**

JWM Family Enterprises, Inc.

540 Gaither Road, Suite 100

Rockville, MD 20850

Teacher, Boston Public Schools
David Sheets Marriott**

Marriott International, Inc.

10400 Fernwood Road

Bethesda, MD 20817

Chairman of the Board, Marriott International, Inc.
Jennifer R. Jackson**

JWM Family Enterprises, Inc.

540 Gaither Road, Suite 100

Rockville, MD 20850

Homemaker
Carl Berquist**

JWM Family Enterprises, Inc.

540 Gaither Road, Suite 100

Rockville, MD 20850

Retired
Jeffrey Kurzweil**

Venable LLP

600 Massachusetts Avenue, NW Washington, DC 20001

Partner, Venable LLP
William J. Shaw**

Marriott Vacations Worldwide Corp.

6649 Westwood Blvd., Suite 500

Orlando, FL 32821

Chairman of the Board, Marriott Vacations Worldwide Corporation
Robert Kalchik

JWM Family Enterprises, Inc.

540 Gaither Road, Suite 100

Rockville, MD 20850

 

President and CEO of JWM Family Enterprises, Inc.

 

 

* Chairman of the Board of Directors of JWM Family Enterprises, Inc.

** Director of JWM Family Enterprises, Inc.

 

A-2