Every material Form 8-K Marriott Vacations Worldwide has filed with the SEC since May 07, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Marriott Vacations Worldwide reported third-quarter 2026 results, with net income attributable to common stockholders of $82 million, or $2.24 per diluted share, compared with a net loss of $2 million, or $0.07 per share, a year earlier. The company raised the midpoint of its full-year contract sales and Adjusted EBITDA guidance, despite an estimated $16 million hit to Adjusted EBITDA from Hurricane Lowell.
Q3 net income attributable to common stockholders was $82 million, or $2.24 diluted EPS, versus a loss of $2 million, or $0.07, a year earlier
Contract sales rose 29% to $565 million; Adjusted EBITDA rose 27% to $216 million
Full-year 2026 Adjusted EBITDA guidance now $810 million to $830 million, versus $805 million to $830 million previously
Share repurchase authorization of $322 million extended from December 31, 2026 to December 31, 2027
Marriott Vacations Worldwide reported second-quarter 2026 results on August 6, 2026, with total revenues of $1.3 billion, up 6% from a year earlier, and net income attributable to common stockholders of $77 million, up from $69 million. The company raised its full-year 2026 guidance for contract sales, Adjusted EBITDA and Adjusted free cash flow, which points to higher expected results for shareholders, though the guidance excludes items such as restructuring, litigation and impairment charges that the company says may be significant.
Q2 2026 contract sales rose 22% to $545 million; diluted EPS was $2.12 versus $1.77 a year earlier
Adjusted EBITDA rose to $215 million from $203 million; Adjusted EBITDA margin was 23.4% versus 24.3%
2026 contract sales guidance raised to $2,080 million to $2,115 million from $1,815 million to $1,885 million
2026 adjusted diluted EPS guidance raised to $8.25 to $9.05 from $7.05 to $7.80
Marriott Vacations Worldwide said CFO Jason Marino entered into an employment agreement effective July 30, 2026, to continue as Executive Vice President and Chief Financial Officer. The agreement sets a base salary of not less than $650,000, a 2026 target bonus of 110% of base salary, and a CFO Transformation Award tied to stock price and Adjusted EBITDA goals through December 31, 2028.
Base salary of not less than $650,000; 2026 target bonus 110% of base salary, maximum 220%
CFO Transformation Award has a target of 37,500 restricted stock units, with up to 75,000 units if maximum goals are met
Stock price goals start at $115 (threshold) and reach maximum at $215 or greater; Adjusted EBITDA goals run from $875,000,000 (threshold) to $1,100,000,000 or greater (maximum)
Severance on termination without cause is two times base salary plus target bonus, with 24 months of COBRA premiums
Marriott Vacations Worldwide said that, as part of an internal reorganization, its Executive Vice President and Chief Brand and Digital Officer position will be eliminated effective July 31, 2026, and Lori Gustafson will separate from the company. Her separation agreement provides a $1,425,000 severance payment and possible additional payment tied to 2026 company performance, which matters to shareholders as a cost and as a sign of executive-level restructuring.
Position of Executive Vice President and Chief Brand and Digital Officer eliminated effective July 31, 2026, as part of an internal reorganization
Lori Gustafson separates from the company; severance of $1,425,000, equal to 1.5 times her 2026 base salary plus 2026 target bonus
Gustafson may receive an additional payment based on MVW's actual 2026 performance; equity awards treated generally consistent with existing terms
Marriott Vacations Worldwide stockholders approved the Second Amended and Restated 2020 Equity Incentive Plan at their May 15, 2026 annual meeting. The plan adds 2,500,000 shares for equity awards, extends its term through May 15, 2036, and changes how awards are treated under the golden parachute tax provisions. The plan received 17,438,346 votes for and 7,830,264 votes against, so shareholders should note the sizable opposition alongside the approval.
Stockholders approved the Second Amended Plan at the May 15, 2026 annual meeting, adding 2,500,000 shares and extending the term to May 15, 2036.
Plan vote: 17,438,346 for, 7,830,264 against, 38,666 abstain, 4,661,773 broker non-votes.
All nine director nominees were elected, and Ernst & Young LLP was ratified as independent auditor with 29,837,885 votes for.
The advisory say-on-pay vote passed with 24,701,685 for and 553,458 against.
Marriott Vacations Worldwide reported first-quarter 2026 net income attributable to common stockholders of $22 million, down from $56 million, and diluted EPS of $0.64 versus $1.46, while total revenues rose 5% to $1,257 million. The company raised its full-year 2026 contract sales guidance to $1,815 million to $1,885 million and reiterated its Adjusted EBITDA guidance of $755 million to $780 million, so shareholders see weaker first-quarter profit alongside a higher sales outlook.
Net income attributable to common stockholders was $22 million, versus $56 million a year earlier; diluted EPS was $0.64, versus $1.46.
Adjusted EBITDA was $161 million, down from $192 million; contract sales were $411 million, down 2%.
Full-year 2026 contract sales guidance raised to $1,815 million to $1,885 million from $1,745 million to $1,815 million.
Full-year 2026 Adjusted EBITDA guidance of $755 million to $780 million was reiterated; the Westin Cancun sale generated $50 million of proceeds.
Marriott Vacations Worldwide said its executive vice president, general counsel and secretary, James Hunter, resigned at the company's request, effective March 9, 2026, and his employment ends April 1, 2026. Under a separation agreement, he will receive a severance payment of $1,500,504, equal to one and one-half times his 2026 base salary plus 2026 target bonus, and his outstanding equity awards will be treated according to their existing terms.
Resigned as executive vice president, general counsel and secretary effective March 9, 2026; employment ends April 1, 2026
Severance payment of $1,500,504 under a separation agreement with a general release of claims
Outstanding restricted stock units, performance shares and stock appreciation rights to be treated consistent with existing terms
Hunter remains with the company in an advisory role through April 1, 2026; CEO Matt Avril thanked him in a March 6, 2026 press release
Marriott Vacations Worldwide reported fourth quarter and full year 2025 results on February 25, 2026, including a fourth quarter net loss attributable to common stockholders of $431 million, compared with net income of $50 million a year earlier, driven by a $546 million non-cash impairment charge. Adjusted diluted earnings per share fell to $1.86 from $1.98, and the company issued full year 2026 guidance for adjusted EBITDA of $755 million to $780 million.
Q4 2025 net loss attributable to common stockholders was $431 million, or $12.43 per diluted share, versus net income of $50 million in Q4 2024.
Q4 2025 adjusted diluted EPS was $1.86, down from $1.98; consolidated contract sales were $458 million, down 4%.
Full year 2025 adjusted EBITDA was $751 million; 2026 guidance calls for adjusted EBITDA of $755 million to $780 million and adjusted diluted EPS of $7.05 to $7.80.
The company will hold a conference call on February 26, 2026 at 8:00 a.m. ET and plans to post a new investor presentation on its website that day.
Marriott Vacations Worldwide's board appointed Matthew Avril, its interim CEO since November 9, 2025, as chief executive, effective immediately, and named Michael Flaskey president and chief operating officer. A new pay plan ties two-thirds of the executives' long-term equity awards to $950 million in Adjusted EBITDA and a $145 stock price over three years. The company will report fourth quarter 2025 results on February 25, 2026.
Avril, age 65, has been a board member since March 2025 and receives a base salary of not less than $1,100,000 under his CEO employment agreement.
Flaskey, age 58, previously served as CEO of Hornblower Group from August 2024 to January 2026 and receives a base salary of not less than $1,000,000.
The CEO Transformation Award has a target of 150,000 restricted stock units, with up to 300,000 units, earned on stock price and Adjusted EBITDA goals.
Fourth quarter 2025 earnings are due after market close on February 25, 2026, with a conference call on February 26, 2026, at 8:00 a.m. ET.
Marriott Vacations Worldwide said Brian E. Miller, President, Vacation Ownership, will retire from that role on December 31, 2025, and will advise the CEO through March 27, 2026. Miller is not receiving severance, and the filing states his retiree is not the result of a disagreement with the company.
Miller notified the company on November 10, 2025 of his retirement, effective December 31, 2025.
Miller remains an advisor to the President and CEO through March 27, 2026.
Stephanie Sobeck Butera and John Fitzgerald will report directly to the CEO effective January 1, 2026.
The company said additional organizational changes will be announced at a later date.
Chief Executive John Geller resigned at the board's request, effective November 10, 2025, and also left the board. Director Matthew Avril became interim President and CEO, and the board has started a search for a permanent CEO. The company reaffirmed its 2025 guidance and postponed its December 17 Investor Day, while saying it intends to buy back shares under its remaining $347 million program during the quarter.
John Geller resigned as President, CEO and director at the board's request, effective November 10, 2025
Geller's separation agreement provides severance of $5 million and a prorated 2025 target bonus of $1,286,301
Matthew Avril, a director since 2025, will be interim CEO at an annual base salary of $1 million
Company reaffirmed 2025 guidance issued November 5, 2025, and postponed the December 17 Investor Day
Marriott Vacations Worldwide reported a third-quarter 2025 net loss attributable to common stockholders of $2 million, or $0.07 per diluted share, compared with net income of $84 million a year earlier. It also cut its full-year 2025 Adjusted EBITDA and Adjusted free cash flow guidance, while raising the low end of its Adjusted EPS range, which matters to shareholders because the outlook for earnings and cash generation was lowered.
Q3 2025 net loss attributable to common stockholders was $2 million, or $0.07 per diluted share, versus net income of $84 million, or $2.12 per diluted share, in Q3 2024.
Q3 2025 Adjusted EBITDA was $170 million, down 15% from $200 million; consolidated contract sales were $439 million, down 4%.
Full-year 2025 Adjusted EBITDA guidance is $740 million to $755 million, down from $750 million to $780 million; Adjusted free cash flow guidance is $235 million to $270 million, down from $270 million to $330 million.
Full-year 2025 Adjusted EPS guidance is $6.70 to $7.10, up from $6.40 to $7.10; the company will hold a conference call on November 6, 2025 at 8:30 a.m. ET.
Marriott Ownership Resorts, a wholly owned subsidiary of Marriott Vacations Worldwide, issued $575 million of 6.500% Senior Notes due October 1, 2033. The company intends to use the proceeds with cash on hand to repay $575 million of 0.00% convertible senior notes maturing January 15, 2026. For shareholders, the deal replaces near-term convertible debt with longer-dated fixed-rate debt that carries interest.
$575 million of 6.500% Senior Notes due October 1, 2033, issued by Marriott Ownership Resorts, Inc.
Proceeds plus cash on hand to repay $575 million of 0.00% Convertible Senior Notes due January 15, 2026
Interest payable semi-annually on April 1 and October 1, starting April 1, 2026
The $450 million Delayed Draw Term Loan Credit Facility was terminated in connection with the issuance
Marriott Vacations Worldwide reported second-quarter 2025 results on August 4, 2025. Net income attributable to common stockholders rose to $69 million from $37 million a year earlier, and total revenues increased 9% to $1.2 billion, while the company reiterated its full-year 2025 outlook. Contract sales slipped 1% to $445 million, and restructuring charges rose to $34 million from $1 million.
Diluted EPS was $1.77 versus $0.98 a year earlier; adjusted diluted EPS was $1.96 versus $1.10.
Adjusted EBITDA was $203 million, up 29% from $158 million.
Full-year 2025 guidance was unchanged, including adjusted EBITDA of $750 million to $780 million.
Vacation Ownership segment Adjusted EBITDA rose 28% to $231 million, while Exchange & Third-Party Management fell 7% to $23 million.
Marriott Vacations Worldwide appointed Christian A. Asmar, co-founder and Managing Partner of Impactive Capital, to its board of directors under a support agreement with the activist investor. The agreement includes standstill and voting commitments by Impactive, which owns approximately 9.5% of the outstanding shares, and the board will grow to 12 directors.
Christian A. Asmar appointed to the board effective May 27, 2025, and to the Compensation Policy Committee
Impactive Capital owns approximately 9.5% of outstanding shares; standstill runs until 30 days before the 2026 annual meeting advance notice deadline, subject to renomination
Impactive cannot acquire more than 12% of outstanding common stock and agreed to vote for board-nominated directors during the standstill period
Company plans two new ad hoc board committees, one on modernization aimed at revenue growth and cost efficiencies that Asmar will join
Marriott Vacations Worldwide reported first-quarter 2025 results, with revenues excluding cost reimbursements up 3% to $827 million and GAAP diluted EPS up 20% to $1.46. Adjusted diluted EPS fell 8% to $1.66 and consolidated contract sales declined 2% to $420 million, while the company reiterated its full-year 2025 Adjusted EBITDA outlook of $750 million to $780 million. The company also said it will post a new investor presentation on its website on May 8, 2025.
Revenues excluding cost reimbursements rose 3% to $827 million; net income attributable to common stockholders was $56 million, up from $47 million.
Adjusted diluted EPS was $1.66 versus $1.80 a year earlier, down 8%; Adjusted EBITDA rose 3% to $192 million.
Consolidated contract sales fell 2% to $420 million; Exchange & Third-Party Management segment Adjusted EBITDA fell 13% to $28 million.
2025 guidance includes Adjusted EBITDA of $750 million to $780 million (reiterated) and Adjusted EPS - diluted of $6.40 to $7.10; a conference call is set for May 8, 2025 at 8:30 a.m. ET.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Marriott Vacations Worldwide filing is on SEC EDGAR ↗. 8-K briefs of other companies →