-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EjdTvhaVBf9z13NysA/YmgfY7hdZ1Kvv1ra/IVx+smoTvZjXDfXzTDfn71am9NDM r2iW2PygTUOGRI4p6c9udQ== 0000950137-99-004579.txt : 19991222 0000950137-99-004579.hdr.sgml : 19991222 ACCESSION NUMBER: 0000950137-99-004579 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991221 ITEM INFORMATION: FILED AS OF DATE: 19991221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STARWOOD HOTELS & RESORTS CENTRAL INDEX KEY: 0000048595 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 520901263 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-73069 FILM NUMBER: 99778356 BUSINESS ADDRESS: STREET 1: 777 WESTCHESTER AVENUE STREET 2: STE 410 CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 9146408100 MAIL ADDRESS: STREET 1: 2231 E CAMELBACK RD STREET 2: STE 410 CITY: PHOENIX STATE: AZ ZIP: 85016 FORMER COMPANY: FORMER CONFORMED NAME: STARWOOD LODGING TRUST DATE OF NAME CHANGE: 19950215 FORMER COMPANY: FORMER CONFORMED NAME: HOTEL INVESTORS TRUST /MD/ DATE OF NAME CHANGE: 19930506 FORMER COMPANY: FORMER CONFORMED NAME: HOTEL INVESTORS TRUST DATE OF NAME CHANGE: 19920703 8-K 1 CURRENT REPORT 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): DECEMBER 21, 1999 COMMISSION FILE NUMBER: 1-7959 STARWOOD HOTELS & RESORTS WORLDWIDE, INC. (Exact name of registrant as specified in its charter) MARYLAND (State or other jurisdiction of incorporation or organization) 52-1193298 (I.R.S. employer identification no.) 777 WESTCHESTER AVENUE WHITE PLAINS, NEW YORK 10604 (Address of principal executive offices, including zip code) (914) 640-8100 (Registrant's telephone number, including area code) COMMISSION FILE NUMBER: 1-6828 STARWOOD HOTELS & RESORTS (Exact name of registrant as specified in its organizational documents) MARYLAND (State or other jurisdiction of incorporation or organization) 52-0901263 (I.R.S. employer identification no.) 777 WESTCHESTER AVENUE WHITE PLAINS, NEW YORK 10604 (Address of principal executive offices, including zip code) (914) 640-8100 (Registrant's telephone number, including area code) ================================================================================ 2 ITEM 5. OTHER EVENTS. ITT Sheraton Corporation ("Sheraton"), a subsidary of Starwood Hotels & Resorts Worldwide, Inc., is a defendant in certain litigation relating to Sheraton's management of a hotel. The case is titled 2660 Woodley Road Joint Venture v. ITT Sheraton Corporation, Civil Action No. 97-450-JJF (U.S.D.C., D. Del.). On Friday, December 10, 1999, following trial, the jury returned a verdict finding that Sheraton had violated its contractual obligations to the hotel owner and awarded contractual damages totaling $10.738 million. The jury also found for plaintiff on certain common law and other claims and awarded compensatory and other damages of $1.85 million and punitive damages of $37.5 million. The jury found for Sheraton and rejected plaintiff's additional claims that Sheraton had violated the Racketeer Influenced and Corrupt Organizations Act, and that Sheraton had engaged in fraud. Sheraton believes that the jury's determination against it on liability issues were erroneous as a matter of law, and that the damage awards were excessive and not supported by the evidence. Sheraton will seek to have the verdict set aside in the trial court and, if necessary, appeal to the United States Court of Appeals. -2- 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. STARWOOD HOTELS & RESORTS STARWOOD HOTELS & RESORTS WORLDWIDE, INC. By: /s/ Jonathan H. Yellen By: /s/ Jonathan H. Yellen ----------------------------- ----------------------------- Name: Jonathan H. Yellen Name: Jonathan H. Yellen Title: Assistant Secretary Title: Vice President, Associate General Counsel and Assistant Secretary Dated: December 21, 1999 -3- -----END PRIVACY-ENHANCED MESSAGE-----