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Table of Contents
basis for the compensation recommendations presented to the Compensation Committee. The evaluation of those continuing named executive officers and Mr.
Mangas with respect to each executive’s key accomplishments for 2015 is described below.
Mr. Mangas’ key accomplishments for the 2015 performance year:
• Delivered strong financial returns, including adjusted EBITDA of $1.197 billion, and adjusted EPS of $3.11, while reducing the Company’s selling, general,
administrative and other costs by 3.5% compared to 2014;
• Enhanced our capital deployment strategy to increase net room growth, and exceeded Company management and franchise contract signing objectives by
signing 321 hotel management and franchise deals, including for 220 new hotels, with approximately 45,800 rooms, and 101 renewals and change of ownership
deals, with approximately 29,600 rooms;
• Successfully executed a capital allocation strategy and ensured an adequate capital structure for the Company, including maintaining optimal target leverage
levels and returning approximately $626 million to stockholders through share repurchases and dividends; and
• Successfully conducted a full review of strategic alternatives for the Company, including a potential sale of the Company, which culminated in the entering into
a merger agreement with Marriott, and successfully drove the spin-off and sale process of SVO, which culminated in the execution of a separation and merger
agreement with ILG.
Ms. Poulter’s key accomplishments for the 2015 performance year:
• Supported business growth, including the creation of the technology platform for the launching of the Design Hotels partnership, and the completion of key
hotel systems and data conversions into Tribute Portfolio hotels or other Starwood branded hotels;
• Successfully contained technology costs in connection with key company initiatives, including technology upgrades and refreshes and key vendor negotiations
including the renewal of the Company’s contract with Accenture;
• Strengthened information security and compliance performance, including by strengthening our property security model, remediating high priority areas, and
enhancing security capabilities; and
• Strategically enhanced the Company’s long-term technology capabilities by creating a longer term planning horizon, increasing the use of agile tools and
methodology, and leveraging external partnerships for innovation, development, and quality assurance.
Mr. Rivera’s key accomplishments for the 2015 performance year:
• Delivered strong financial results, including segment earnings of $691 million for The Americas;
• Successfully operated The Americas segment, including 719 hotels (representing approximately 207,100 rooms), exceeding the net room growth target for The
Americas;
• Opened 47 new hotels and signed approximately 103 new hotel management and franchise deals (representing approximately 19,000 rooms); and
• Successfully drove the sale process for SVO.
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