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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) SEPTEMBER 28, 1995
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HOST MARRIOTT CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-5664 53-0085950
(STATE OR OTHER (COMMISSION FILE (I.R.S. EMPLOYER
JURISDICTION OF NUMBER) IDENTIFICATION NO.)
INCORPORATION)
10400 FERNWOOD ROAD, BETHESDA, MARYLAND 20817
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
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REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (301) 380-9000
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
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FORM 8-K
ITEM 5. OTHER EVENTS
On September 28, 1995, the Registrant announced that Robert E. Parsons, Jr.
has been named executive vice president and chief financial officer, replacing
Matthew J. Hart. The Registrant also announced that Scott A. LaPorta has been
named senior vice president and treasurer. A copy of the news release is
attached as an exhibit to this current report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibit
(99) News Release dated September 28, 1995.
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.
Host Marriott Corporation
By: /s/ Christopher G. Townsend
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Christopher G. Townsend
Senior Vice President and Secretary
Date: September 28, 1995
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EXHIBIT 99
HOST MARRIOTT NAMES PARSONS CHIEF FINANCIAL OFFICER,
LAPORTA SENIOR VICE PRESIDENT AND TREASURER,
AS HART ANNOUNCES PLANS TO JOIN DISNEY
Bethesda, MD., Sept. 28, 1995--Host Marriott Corporation said today that
Robert E. Parsons, Jr., 40, had been named executive vice president and chief
financial officer, replacing Matthew J. Hart, who announced plans to join The
Walt Disney Company as senior vice president and treasurer.
Host Marriott also named Scott A. LaPorta senior vice president and
treasurer, replacing Mr. Parsons, who had held the position since the company
was formed when Marriott Corporation split into two separate companies in
October 1993.
"We're fortunate to have such a talented, accomplished group of financial
executives," said Terence C. Golden, president and chief executive officer of
Host Marriott. "Robert Parsons is uniquely qualified to take Matt's place as
Host Marriott's chief financial officer. His extensive real estate and
financial experience, along with his fine leadership qualities, make him an
excellent choice for his new assignment."
"Matt Hart has provided outstanding financial leadership for our company. We
wish him every success as he leaves to pursue new challenges."
In his previous position as treasurer of Host Marriott, Mr. Parsons had
primary responsibilities for Host Marriott's acquisition program, which has
added 23 properties (9,240 rooms) for approximately $700 million over the past
two years. Mr. Parsons also was responsible for over $760 million in
divestitures, as well as for the restructuring and implementation of various
corporate and real estate financings.
Prior to the formation of Host Marriott, Mr. Parsons held various positions
at Marriott Corporation, which he joined in 1981. He has served as manager of
corporate financial planning, manager of corporate strategy, director of
project finance and vice president of project finance. In 1988, he was elected
assistant treasurer of Marriott Corporation.
Mr. Parsons holds an MBA and a bachelors degree in accounting from Brigham
Young University. He lives in North Potomac, Md. with his wife and six
children.
Mr. LaPorta, 33, will have primary responsibility for the corporate finance,
investor relations and cash management functions of Host Marriott in his new
position. He will manage the company's capital structure and raise funds for
acquisitions, while continuing his involvement in strategic planning.
"Scott was one of the primary architects of the split of Marriott
Corporation into two separate companies," said Golden. "His knowledge of our
company, capital markets and Wall Street will make him a highly effective
treasurer."
As vice president, corporate finance for Host Marriott, Mr. LaPorta helped
raise $1.5 billion in capital for the company. He joined Marriott Corporation
in 1989 as a senior financial anyalyst. He subsequently served as manager,
director of financial planning and analysis, and director of corporate
finance. Following the split of Marriott in 1993, he was named vice president,
corporate finance for Host Marriott.
Prior to joining Marriott, Mr. LaPorta spent three years with Price
Waterhouse. He holds an MBA degree from Vanderbilt University and a BS degree
from the University of Virginia.
Host Marriott Corporation is one of the largest owners of lodging properties
in the world, owning 86 properties operated under Marriott brand names. The
company, which announced a plan last month to divide its operations into two
separate companies, is also the leading operator of airport and toll road
food, beverage and merchandise concessions, with facilities in nearly every
major U.S. commercial airport and on 14 toll roads.
