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Annual Report Starwood

Apr 03, 2018

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  • 7/28/2019 Annual Report Starwood

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    2013 PROXY STATEMENT & 2012 ANNUAL REPORT

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    5% SAMESTOREWORLDWIDEREVPAR IN CONSTANT DOLLARS

    10% MANAGEMENT ANDFRANCHISE FEE

    69 HOTELS OPENED, WITH NEARLY18,000 ROOMS

    131 SIGNED DEALS FOR NEW HOTELS,GROWING OUR PIPELINE TO 400 HOTELS

    $550 MILLION RETURNED

    TO SHAREHOLDERS

    Dear FellowStockholders

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    The global recovery continued through

    2012, despite changing governments and

    economic uncertainty. The major trends

    driving growth in demand for high-end

    travel enabled Starwood to perform well.

    By the numbers, we:

    Grew Same Store Worldwide RevPAR by 5% inconstant dollars and Management and Franchise Feesby over 10%

    Opened 69 hotels, with nearly 18,000 rooms, includ-ing the Sheraton Macao, our largest hotel

    Signed 131 deals for new hotels, growing our pipelineto 400 hotels, with 100,000 rooms

    Sold eight hotels for $540 million

    Invested over $300 million in our owned hotels,

    including trophy properties like the Gritti Palace inVenice and the Alfonso XIII in Seville

    Generated $684 million in residential sales at The St.Regis Bal Harbour Resort

    Returned over $550 million to stockholders byincreasing our dividend by 150% and repurchasing 6.3million shares

    We delivered these results thanks to the

    efforts and expertise of our 171,000 associ-

    ates in nearly 100 countries.

    Unprecedented Growth

    in Global TravelWe are putting the nal touches on this

    letter from our month-long relocation to

    Dubai. Our executive team is here to see

    rsthand the development in this new

    global crossroads and to work side by

    side with our local teams to continue

    our growth.

    Dubai can already lay claim to being

    second only to New York as the city with

    the largest number of Starwood hotels (14).

    Fueling the growth in travel and demandfor hotels in Dubai and other markets is

    the rising global middle class, which is

    expected to grow from 2 billion to nearly

    5 billion people in the next 20 years. New

    cities are being built, old ones expanded

    and more people than ever before have

    the means to travel. The construction of

    roads, rail and airports is creating demand

    for hotels in places where it never existed

    before. And a more connected world

    means more global business and more

    executives traveling to new markets in

    search of opportunities. The result already

    is rapid growth in passenger trafc in

    airports like Dubai, Chongqing, So Paulo

    and Moscow.

    We believe we are on the cusp of a golden

    age in high-end travel and that Starwood

    is uniquely positioned to outgrow our

    competitors. We have the most global

    portfolio of high-end, compelling brands;

    local-smart teams with decades of

    experience in markets around the world;

    and a rst-mover advantage in places like

    China, India, the Middle East and Africa.

    Sustaining InnovationInnovation is what lies behind our brands,

    enabling them to stand out in a crowded

    marketplace and offering travelers distinct

    experiences. Starwoods history of ga-

    mechanging ideas goes back to the

    creation of W Hotels, the Westin Heavenly

    Bed and Starwood Preferred Guest (SPG)

    with no blackouts. In the past few years,

    werolled out the Link@Sheraton, a rst-of

    its-kind cybercafe. And we launched Aloft

    and Element, both of which promise to beas disruptive to their segments as W has

    been to luxury.

    In 2012, we turned our innovation lens back

    to loyalty. SPG was already the industrys

    leading program. And we made it even

    more valuable for SPG members and our

    hotels by introducing new benets. Your24

    allows our most loyal guests to keep their

    room for a full 24 hours regardless of when

    they checked in, and lifetime membership

    recognizes guests who have stayed with us

    over time. For our members who stay over

    100 nights a year, we give them access to

    a personal Starwood Ambassador to takecare of everything Starwood and more.

    We like to say we have created Loyalty

    Beyond Reason, winning a greater share of

    business from the growing ranks of global

    mega-travelers.

    Innovation only matters if it drives results.

    Our transformation of SPG in 2012 drove

    a 12% year-over-year increase in revenue

    to our hotels from SPG members. And

    revenue from Platinum SPG members was

    up 16%.

    Our innovation lens is also focused on the

    mobile revolution. Mobile bookings are now

    growing even faster than we bookings did

    a decade ago. In fastgrowing economies,

    mobile often is already leapfrogging tra-

    ditional channels. So in 2012, we launched

    our latest SPG App for both iPhone and

    Android. It has all the features you might

    expect like viewing hotel details, making

    bookings and managing your SPG account.

    But theres more. It connects guests to

    Starwood through text, email, voice and

    video chat. While guests are staying at our

    properties, the Apps State Aware tech-

    nology changes the interface and provides

    helpful information about the property

    and local area. For example, it shows the

    hotel address in Chinese to help you take ataxi to the stunning new Sheraton Huzhou.

    Were already seeing great results. During

    2012, the App was installed over 600,000

    times, and mobile bookings more than

    doubled over 2011 And on our Chinese App

    after just a few months, mobile accounted

    for half of our web bookings.

    Looking AheadStarwood is already the leading global

    high-end hotel company, and in 2012, we

    generated 35% of our fees outside of

    mature markets. With 80% of our future

    hotel openings planned in these high-

    growth markets, we are growing where

    demand is growing. Our focus on the

    high end is also paying off, as interest in

    high-end and luxury travel has more than

    bounced back it has reached new heights.

    The Sheraton and Le Mridien brands, forexample, have never been stronger in

    terms of their performance,guest sat-

    isfaction and future growth. And their

    long-standing presence around the world

    provides the foundation for two of the fast-

    est-growing brands in hospitality history

    W and Aloft. The simple truth is that having

    great hotels begets even more growth as

    more guests, customers and developers

    become connected to our brands.

    We enter 2013 with the strongest bal-

    ancesheet in the history of our company,

    perhaps the fastest-growing luxury hotel

    portfolio in the industry and the largesthigh-end global footprint of hotels. As

    a result, we expect to generate strong

    free cash ow and to continue delivering

    market-leading returns to stockhold-

    ers. Specically, we expect to grow with

    our high-quality global pipeline in rapidly

    growing markets and with higher rates

    in mature markets with tight supply, like

    North America and Europe. All the while,

    we will generate cash from selling hotels

    and from vacation ownership.

    Thank you for your condence in Starwood

    As we leave Dubai and the Middle East,

    we hope to see even faster growth in the

    region, just as we did after our temporary

    relocation to China a couple of years ago.

    I wish you many wonderful stays atStar-

    wood properties in 2013, and as we say on

    Facebook, Twitter and Weibo, we hope you

    enjoy the #SPGLife.

    Frits van Paasschen

    Chief Executive Ofcer

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    StarwoodHotels & Resorts

    Worldwide, Inc.2013 Proxy Statement & 2012 Annual Report

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    One StarPointStamford, CT 06902April 18, 2013

    Dear Stockholder:

    We cordially invite you to attend our 2013 Annual Meeting of Stockholders (the Annual Meeting), which will be held on May 30, 2013, at

    10:00 a.m., local time, at the Sheraton New Orleans Hotel, 500 Canal Street, New Orleans, Louisiana 70130.

    At the Annual Meeting, you will be asked to (i) elect eleven director nominees to serve on our board of directors until the 2014 Annual

    Meeting of Stockholders, (ii) approve, on a non-binding advisory basis, the compensation of our named executive ofcers, (iii) approve

    Starwoods 2013 Long-Term Incentive Compensation Plan, (iv) ratify the appointment of Ernst & Young LLP as our independent reg-

    istered public accounting rm for the scal year ending December 31, 2013 and (v) act on any other matters that may be properly

    presented at the Annual Meeting or any adjournment or postponement thereof.

    We hope you will attend the Annual Meeting, but whether or not you are planning to attend, we encourage you to vote your shares.

    You can vote in person at the Annual Meeting or authorize proxies to vote your shares either by telephone, electronically through the

    Internet, or by completing, signing and returning your proxy card by mail prior to the Annual Meeting. To ensure your vote is counted,

    please vote as promptly as possible.

    We thank you for your continued support and look forward to seeing you at the Annual Meeting.

    Sincerely,

    Frits van PaasschenChiefExecutiveOfcer

    Bruce W. DuncanPresident Chairman of the Board

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    Kenneth S. SiegelCorporate Secretary

    Notice of Annual Meetingof Stockholders

    May 30, 201310:00 a.m. local time

    The Sheraton New Orleans Hotel,500 Canal Street

    New Orleans, Louisiana 70130

    ITEMS OF BUSINESS:

    1. To elect eleven directors to serve until the 2014 Annual

    Meeting of Stockholders and until their successors are duly

    elected and qualied.

    2. To consider and vote upon a proposal to approve, on a non-binding

    advisory basis, the compensation of our named executive ofcers;

    3. To approve Starwoods 2013 Long-Term Incentive Compensation

    Plan;

    4. To consider and vote upon a proposal to ratify the appointment of

    Ernst & Young LLP as our independent registered public accounting

    rm for scal year 2013;

    5. To transact such other business as may properly come before themeeting or any postponement or adjournment thereof.

    By Order of the Board of Directors,

    THE BOARD OF DIRECTORS URGES YOU TO VOTE IN PERSON AT

    THE ANNUAL MEETING OR TO AUTHORIZE PROXIES TO VOTEYOUR SHARES BY TELEPHONE, THROUGH THE INTERNET OR BY

    COMPLETING, SIGNING AND RETURNING YOUR PROXY CARD PRIOR

    TO THE ANNUAL MEETING.

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    Table of ContentsPROXY SUMMARY ...................................................................... 12

    DIRECTORS NOMINEES ............................................................ 34

    ADVISORY VOTE ON NAMED EXECUTIVE

    OFFICER COMPENSATION...................................................... 4

    PROXY STATEMENT FOR 2013 ANNUAL

    MEETING OF STOCKHOLDERS ............................................. 5

    THE ANNUAL MEETING AND VOTING

    QUESTIONS AND ANSWERS.................................................. 68

    THE COMPANYS 2013 LONG-TERM

    INCENTIVE COMPENSATION PLAN .................................... 91

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    1 | Starwood Annual Report

    This summary highlights information contained

    elsewhere in this proxy statement. This summary

    does not contain all of the information that you

    should consider, and you should read the entire

    proxy statement carefully before voting. Pagereferences (XX) are supplied to help you nd

    further information in this proxy statement.

    Voting Matters and Board RecommendationsElection of Directors FOR each Director Nominee

    Advisory Vote to Approve Named Executive Ofcer Compensation FOR

    Approval of 2013 Long-Term Incentive Compensation Plan FOR

    Advance Voting Methods

    Even if you plan to attend the 2013 Annual

    Meeting of Stockholders in person, please

    vote right away using one of the following

    advance voting methods. Make sure to

    have your proxy card or Notice of Meeting

    and Internet Availability of Proxy Materials

    in hand and follow the instructions.

    You can vote in advance in one of the

    following ways:

    VIA THE INTERNET: Visit the websitelisted on your proxy card or Notice.

    BY TELEPHONE: Call the telephonenumber on your proxy card or follow the

    instructions on the Notice.

    BY MAIL: Follow the instructions on theNotice to request a paper copy of the

    materials, which will include a proxy card

    that you mark, sign, date and mail in the

    provided postage- paid envelope.

    Business Highlights:

    Results for the year ended December 31,

    2012 were strong. We performed well

    along all four key drivers of value. We

    held our costs in check for the fourth year

    in a row, grew our footprint with quality

    hotels and contracts, sustained high

    Revenue Per Available Room (RevPAR)

    and occupancies in an uncertain environ-

    ment, and realized signicant value fromreal estate sales. Our results for the year

    ended December 31, 2012 beneted from

    the sales of residential units at the St. Regis

    Bal Harbour. During 2012, we closed sales

    of 188 units and realized revenues of $684

    million. From project inception through

    December 31, 2012, we have closed con-

    tracts and recognized revenue on 224 units

    representing approximately 73% of the

    total residential units.

    Corporate Governance Highlights

    Board Leadership Structure Our boardleadership structure consists of the

    Chief Executive Ofcer and Presidentof the Company and ten outside

    directors, including the Chairman and

    four committee Chairs. The Board of

    Directors believes that having a separate

    independent director serve as Chairman

    promotes clear, independent boardleadership and engagement. The Board

    of Directors also believes it is well served

    by having the Chief Executive Ofcerand President of the Company serve

    as a member of the Board, as the Chief

    Executive Ofcer and President of theCompany has primary responsibility

    for managing the Companys day-to-

    day operations and, consequently, a

    unique understanding of the Companys

    operations, and the hotel and leisure

    industry generally.

    PROXY SUMMARY

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    Declassied Board Structure Each ofour directors is elected to serve for one

    year only, until the next annual meeting

    of stockholders and until his or her

    successor is duly elected and qualied.

    Director Independence Each of ourdirectors, with the exception of Mr. van

    Paasschen, is independent under the

    New York Stock Exchange (NYSE)

    rules. Mr. van Paasschen, as Chief

    Executive Ofcer and President ofthe Company, is not an independent

    director. Each of our four standing

    committees is fully independent.

    Risk Oversight The Board of Directors

    regularly receives reports from membersof the Companys senior management

    regarding any strategic, operational,

    nancial, legal, regulatory or reputationalrisk that the Company may be facing.

    The Board of Directors then reviews

    managements assessment, discusses

    options for mitigating any such risk with

    management, and directs management

    to manage and minimize the Companys

    exposure. The Boards committees assist

    it with the risk oversight function as

    follows:

    the Audit Committee oversees the

    Companys controls and compliance

    activities and oversees managements

    process for identifying and quantifying

    risks facing the Company;

    the Compensation and Option

    Committee oversees risk associated with

    our compensation policies and practices

    and structures the Companys incentive

    compensation in a way that discourages

    the taking of excessive risks;

    the Corporate Governance and

    Nominating Committee oversees Board

    processes and corporate governance-

    related risk and annually reviews legal

    and regulatory risk with the Companys

    General Counsel; and

    the Capital Committee oversees risks

    related to our hotel portfolio, capital

    improvement plans and capital budgets,

    and any investments, divestitures,

    signicant asset sales, mergers andacquisitions and other extraordinary

    transactions.

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    3 | Starwood Annual Report

    Frits van Paasschen 52 2007 CEO and President of Starwood NO None 0

    Adam M. Aron 58 2006 CEO of the Philadelphia 76ers and Chairman and

    CEO of World Leisure Partners, Inc.

    Yes Audit, Comp 1

    Charlene Barshefsky 62 2001 Senior International Partner at WilmerHale, LLP Yes Audit, Gov 3

    Thomas E. Clarke 61 2008 President, New Business Development of Nike, Inc. Yes Audit, Comp 1

    Clayton C. Daley,

    Jr.

    61 2008 Retired; former CFO and Vice Chair of The Procter

    & Gamble Company

    Yes Audit, Comp 2

    Bruce W. Duncan 61 1999 President and CEO of First Industrial Reality Trust,

    Inc.

    Yes Gov 1

    Lizanne Galbreath 56 2005 Managing Partner of Galbreath & Company Yes Capital, Gov 0

    Eric Hippeau 61 1999 Partner with Lerer Ventures Yes Capital, Gov 0

    Aylwin B. Lewis 57 2013 President and CEO of Potbelly Sandwich Works,

    LLC

    Yes Audit 1

    Stephen R. Quazzo 53 199 CEO of Pearlmark Real Estate Partners, LLC Yes Capital 0

    Thomas O. Ryder 68 2001 Retired; former Chairman and CEO of The Readers

    Digest Association, Inc.

    Yes Capital, Comp 3

    Director Nominees

    The following table provides summary information about each

    Director nominee. Each Director stands for election annually.

    Name Age

    Director

    Since Primary Occupation Independent

    Committee

    Membership

    Other Current

    Public Comapny

    Board

    Full committee names are as follows:

    AuditAudit Committee

    CapitalCapital Committee

    CompCompensation and Option

    Committee

    GovCorporate Governance and Nominating

    Committee

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    5 | Starwood Annual Report

    The information in the charts below should be read in connection

    with the explanatory information contained, and is qualied in its

    entirety by reference to such explanatory information. Because of

    rounding, percentages may not add up to 100%.

    27%

    14%

    19%

    19%

    61%59%

    CEO COMPENSATION MIX

    TARGET

    NEO COMPENSATION MIX

    TARGET

    BASE SALARY LTI BONUSBASE SALARY LTI BONUS

    Set forth below is the 2012 compensation for each named executive ofcer as determined under Securitiesand Exchange Commission (SEC) rules. See the notes and narrative accompanying the 2012 SummaryCompensation Table on page 55 of this proxy statement for more information.

    Name and Principal Position

    Salary ($) Bonus

    ($)

    Stock

    Awards

    ($)

    Option

    Awards

    ($)

    Non-Equity

    Incentive Plan

    Compensation

    ($)

    All Other

    Compensation

    ($)

    Total

    ($)

    Frits van Paasschen

    Chief Executive Ofcer and

    President

    1,250,000 4,327,101 1,172,036 2,300,000 53,902 9,103,039

    Vasant M. Prabhu

    Vice Chairman

    and Chief Financial Ofcer

    764,279 2,310,809 639,296 705,443 10,000 4,429,827

    Sergio D. Rivera

    Co-President, The Americas

    699,912 1,258,469 255,726 1,764,240 26,894 4,005,241

    Kenneth S. Siegel

    Chief Administrative Ofcer,

    General Counsel and Secretary

    638490 12,770 1,476,605 404,877 587,411 10,000 3,130,153

    Simon M. Turner

    President, Global Development

    763,991 1,310,690 1,065,480 705,443 10,000 3,855,604

    Matthew E. Avril

    Former President, Hotel Group

    764,279 1,710,765 468,818 352,722 26,891 3,323,475

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    7 | Starwood Annual Report

    How many shares must be present to hold the Annual Meeting?

    n order for us to conduct the Annual Meeting, holders of a majority of the shares entitled to vote as of the close of business on the

    record date must be present in person or by proxy. This constitutes a quorum for the transaction of business at the Annual Meeting.

    You are counted as present if you attend the Annual Meeting and vote in person, if you properly authorize proxies to vote your shares

    over the Internet or by telephone or if you properly execute and return a proxy card by mail prior to the Annual Meeting.

    Abstentions and broker non-votes are counted as present for purposes of determining whether a quorum is present at the Annual

    Meeting.

    If a quorum is not present, the Annual Meeting will be adjourned until a quorum is obtained. Whether or not a quorum is present when

    the Annual Meeting is convened, the presiding ofcer may adjourn the Annual Meeting to a date not more than 120 days after April

    3, 2013, the record date, without notice other than announcement at the Annual Meeting. If a motion is made to adjourn the Annual

    Meeting, the persons named as proxies on the enclosed proxy card may vote your shares pursuant to the discretionary authority

    granted in the proxy.

    How do I vote my shares?

    In Person. If you are a stockholder of record, you may vote in person at the Annual Meeting. If you hold shares in street name (through

    a broker, bank or other nominee), you may also vote in person at the Annual Meeting provided you have legal proxy from such broker,

    bank or other nominee to vote the shares held on your behalf. Please contact your broker, bank or other nominee for further information

    on such proxy. You will not be able to vote your shares at the Annual Meeting without a legal proxy from your broker, bank or other

    nominee. You will need to bring the legal proxy with you to the Annual Meeting and hand it in with a signed ballot that will be made

    available and distributed at the Annual Meeting. If you do not plan to attend the Annual Meeting or do not wish to vote in person, you

    may authorize proxies to vote your shares by written proxy, by telephone or over the Internet.

    By Written Proxy. If you are a stockholder of record and wish to authorize proxies to vote your shares by written proxy, you may

    request a proxy card at any time by following the instructions on the Notice. If you hold shares in street name, you should receive

    instructions on how you may vote by written proxy from your broker, bank or other nominee.

    By Telephone or Internet. If you are a stockholder of record and wish to authorize proxies to vote your shares by telephone or over the

    Internet, you may use the toll-free telephone number or access the electronic link to the proxy voting site by following the instructions

    on the Notice. If you hold shares in street name, you may authorize proxies to vote your shares by telephone or over the Internet ifyour broker, bank or other nominee makes these methods available, in which case you will receive instructions with the proxy materials.

    Each share represented by a properly completed written proxy or properly authorized proxy by telephone or over the Internet will

    be voted at the Annual Meeting in accordance with the stockholders instructions specied in the proxy, unless such proxy has been

    revoked. If no instructions are specied, the shares will be voted FOR the election of each of the eleven nominees for director named in

    this proxy statement, FOR the approval, on a non- binding advisory basis, of the compensation of our named executive ofcers, FOR

    the approval of Starwoods 2013 Long-Term Incentive Compensation Plan, FOR ratication of the appointment of Ernst & Young LLP

    as our independent registered public accounting rm for scal year 2013, and, with respect to other matters to properly come before the

    meeting, pursuant to the discretionary authority granted in the proxy to the proxy holder.

    How many Notices will I receive? What does it mean if I receive more than one Notice?

    If you are a stockholder of record, you will receive only one Notice (or proxy card upon request) for all of the shares of common stock

    you hold in certicate form, book entry form and in any of our savings plans.

    If you hold shares in street name, you will receive one Notice or voting instruction form for each account you have with a bank orbroker. If you hold shares in multiple accounts, you may need to provide voting instructions for each account. Please sign and return all

    proxy cards or voting instruction forms you receive to ensure that all of the shares you hold are voted.

    Questions & Answers

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    What if I hold shares through the Companys 401(k) savings plan or employee stock

    purchase plan?

    If you participate in the Companys Savings and Retirement Plan (the Savings Plan) or Employee Stock Purchase Plan (the ESPP),

    your proxy card or vote by telephone or over the Internet will serve as a voting instruction for the trustee of the Savings Plan or ESPP.

    Whether you authorize your vote by proxy card, telephone or over the Internet, you must transmit your vote to the transfer agent on

    or prior to 11:59 p.m., Eastern Time on May 24, 2013. If you participate in the Savings Plan and your vote is not received by the transfer

    agent by that date or if you sign and return your proxy card without specifying your voting instructions, the trustee for the Savings Plan

    will vote your shares in the same proportion as the other shares for which such trustee has received timely voting instructions unless

    contrary to the Employee Retirement Income Security Act of 1974, as amended (ERISA). If you participate in the ESPP and your proxy

    card is not received by the transfer agent by that date or if you sign and return your proxy card without specifying your voting instruc-

    tions, the trustee of the ESPP will not vote your shares.

    If I submit a proxy, may I later revoke it and/or change my vote?

    If you are a stockholder of record or hold shares in street name, you may revoke your proxy and change your vote at any time before

    the nal vote at the Annual Meeting by: signing and returning another proxy card with a later date; submitting a proxy on a later date by telephone or over the Internet (only your latest proxy will be counted); or attending the meeting and voting in person if you hold your shares in your own name or, provided you have obtained a legal proxy from your broker, bank or other nominee, i

    you are a stockholder who holds shares in street name.

    How does the Board recommend that I vote?

    The Board of Directors recommends that you vote:

    FOR each of the eleven director nominees; FORapprovalofthenon-bindingadvisoryvoteonthecompensationofournamedexecutiveofcers; FOR approval of Starwoods 2013 Long-Term Incentive Compensation Plan; and FORraticationoftheappointmentofErnst&YoungLLPasourindependentregisteredpublicaccountingrmforscalyear2013.

    What vote is needed to approve each proposal?

    The election of directors requires a plurality of votes cast in the election of directors at the Annual Meeting, either in person or by proxy.

    The eleven nominees who receive the largest number of FOR votes will be elected to serve as directors until the 2014 Annual Meeting

    of Stockholders and until their successors are duly elected and qualied. Stockholders cannot cumulate votes in the election of directors

    Brokers are not permitted to vote on the election of directors without instructions from the benecial owner, so if you hold your shares

    through a broker or other nominee, your shares will not be voted in the election of directors unless you afrmatively vote your shares in

    accordance with the voting instructions provided by such broker or other nominee. Instructions to ABSTAIN will have no effect on the

    result of the vote.

    Adoption of a resolution approving, on a non-binding advisory basis, the compensation of our named executive ofcers requires a

    majority of the votes cast at the Annual Meeting, either in person or by proxy. Abstentions and broker non-votes will have no effecton the result of the vote. The Board of Directors expects to take the result of the advisory vote into consideration when making future

    compensation decisions.

    The approval of Starwoods 2013 Long-Term Incentive Compensation Plan requires a majority of the votes cast at the Annual Meeting,

    either in person or by proxy. Brokers are not permitted to vote on the approval of Starwoods 2013 Long-Term Incentive Compensation

    Plan without instructions from the benecial owner, so if you hold your shares through a broker or other nominee, your shares will not be

    voted on the approval of Starwoods 2013 Long-Term Incentive Compensation Plan unless you afrmatively vote your shares in accor-

    dance with the voting instructions provided by such broker or other nominee. Instructions to ABSTAIN will have no effect on the result

    of the vote.

    Where can I nd more information about my voting rights as a stockholder?

    The SEC has an informational website that provides stockholders with general information about how to cast their vote and why voting

    should be an and important consideration for stockholders. You may access that information at investor.gov or at sec.gov/spotlight/

    proxymatters.shtml.

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    11 | Starwood Annual Report

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    StarwoodHotels & ResortsWorldwide, Inc.2013 proxy statement & 2012 annual report

    Corporate HeadquartersStarwood Hotels & Resorts Worldwide, Inc.

    One StarPoint

    Stamford, CT 06902

    203 964 6000

    starwoodhotels.com

    Investor RelationsStarwood Hotels & Resorts Worldwide, Inc.

    One StarPoint

    Stamford, CT 06902203 351 3500

    [email protected]

    Independent Registered

    Public Accounting FirmErnst & Young LLP, New York, NY

    Stock Registrar and Transfer AgentRegistered shareholders with questions about

    stock certicates, account information, dividend

    payments or stock transfers should contact the

    Companys transfer agent at:

    AmericanStockTransfer&TrustCompany,LLC

    6201 15th AvenueBrooklyn, NY 11219800 350 [email protected]

    Request Electronic or Print Copy of

    Annual ReportA copy of the Annual Report of Starwood

    Hotels & Resorts Worldwide, Inc., and Form

    10-K led with the Securities and Exchange

    Commission may be obtained on the Companys

    website at starwoodhotels.com or by emailing

    [email protected]

  • 7/28/2019 Annual Report Starwood

    20/20