UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | February 26, 2010 |
Starwood Hotels & Resorts Worldwide, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Maryland | 1-7959 | 52-1193298 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 1111 Westchester Avenue, White Plains, New York | 10604 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (914) 640-8100 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
This amendment is being filed to correct the dates referenced and to add context to the original filing.
On February 25, 2010, the Compensation and Option Committee (the "Committee") of the Board of Directors of Starwood Hotels & Resorts Worldwide, Inc. (the "Company") approved an increase in value for the annual equity grant from $100,000 to $125,000 to be given to each non-employee director under the Company’s 2004 Long Term Incentive Plan. The annual equity grant is delivered 50% in stock units and 50% in stock options, with the number of options to be awarded to be determined by dividing the value by the average of the high and low price of the Company’s shares on the date of grant and multiplying by 2.5; and the number of stock units to be awarded to be determined by dividing the value by the average of the high and low price of the Company’s shares on the grant date.
On February 25, 2010, the Committee also approved an increase in the annual cash fee from $10,000 to $12,500 for the chairperson of all committees of the Board of Directors of the Company other than the Audit Committee.
On February 26, 2010, the Board of Directors of the Company ratified the actions taken by the Committee.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Starwood Hotels & Resorts Worldwide, Inc. | ||||
| March 4, 2010 | By: |
Kristen Prohl
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| Name: Kristen Prohl | ||||
| Title: Assistant Secretary | ||||