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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) September 15, 1999
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CRESTLINE CAPITAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
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<S> <C> <C>
Maryland 1-14635 52-2151967
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
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6600 Rockledge Drive, Bethesda, Maryland 20817
(Address of Principle Executive Offices) (Zip Code)
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Registrant's Telephone Number, Including Area Code (240) 694-2000
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FORM 8-K
Item 5. Other Events
Crestline Capital Corporation (the "Company") announced that its Board
of Directors has elected William L. Wilson to its Board on September 15, 1999.
Mr. Wilson filled the Board seat vacated by Christopher J. Nassetta who resigned
from the Board on the same date.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press release announcing election of William L. Wilson to the
Company's Board of Directors and the resignation of
Christopher J. Nassetta from the Board of Directors.
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.
CRESTLINE CAPITAL CORPORATION
By: /s/ Larry K. Harvey
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Larry K. Harvey
Senior Vice President and
Corporate Controller
Date: September 20, 1999
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Exhibit 99
[CRESTLINE LETTERHEAD APPEARS HERE]
CRESTLINE CAPITAL CORPORATION BOARD OF DIRECTORS ELECT NEW MEMBER
BETHESDA, MD, September 15, 1999 Crestline Capital Corporation (NYSE:CLJ)
announced today that its Board of Directors has elected William L. Wilson,
Principal-in-Charge of Synterra, Ltd., to its Board. Mr. Wilson fills the
Board seat vacated by Christopher J. Nassetta, Executive Vice President and
Chief Operating Officer of Host Marriott Corporation. The Board accepted
Mr. Nassetta's resignation to avoid any conflict of interest during possible
lease termination negotiations with Host Marriott. The REIT Modernization Act,
if passed, would allow REITs to own their lessees in taxable subsidiaries
beginning January 2001. Therefore, Host Marriott Corporation may choose to
terminate its 119 full-service leases with Crestline Capital.
Bruce D. Wardinski, Chairman of the Board and CEO, stated, "Although we
regretfully accept Mr. Nassetta's resignation, we are extremely pleased to
announce the addition of Mr. Wilson to our Board. Mr. Wilson's high personal
integrity, stellar reputation in the community, and business experience will be
a definite asset to Crestline Capital."
Mr. Wilson has successfully directed the growth of Synterra Ltd., a firm of
site/landscape architects, development planners, project managers, and
construction managers in the U.S. and abroad. His many affiliations include:
United Way African American Fund Raising Initiative of Philadelphia, City of
Philadelphia Art Commission, Board of Trustee member and Chairperson of Building
and Grounds Committee for the Pennsylvania School for the Deaf and many more.
