Ashford Hospitality Trust Announces Board Changes
Ticker: AHT-PG · Form: 8-K · Filed: Jul 3, 2024 · CIK: 1232582
| Field | Detail |
|---|---|
| Company | Ashford Hospitality Trust Inc (AHT-PG) |
| Form Type | 8-K |
| Filed Date | Jul 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1,909,167 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, financials
Related Tickers: AHT
TL;DR
AHT board shakeup: McNamara out, Johnson & Kessler in. New exec comp & financials filed.
AI Summary
Ashford Hospitality Trust, Inc. (AHT) announced on June 30, 2024, the departure of director Robert H. McNamara and the election of new directors, including David R. Johnson and Douglas A. Kessler. The company also reported on compensatory arrangements for certain officers and filed financial statements and exhibits.
Why It Matters
Changes in a company's board of directors can signal shifts in strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Board changes and executive compensation disclosures can introduce uncertainty regarding future company direction and financial performance.
Key Players & Entities
- Ashford Hospitality Trust, Inc. (company) — Registrant
- Robert H. McNamara (person) — Departing Director
- David R. Johnson (person) — Elected Director
- Douglas A. Kessler (person) — Elected Director
- June 30, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Ashford Hospitality Trust's board of directors?
Robert H. McNamara has departed from Ashford Hospitality Trust's board of directors as of June 30, 2024.
Who has been elected to Ashford Hospitality Trust's board of directors?
David R. Johnson and Douglas A. Kessler have been elected to Ashford Hospitality Trust's board of directors.
What other items are reported in this 8-K filing?
This 8-K filing also reports on compensatory arrangements of certain officers and includes financial statements and exhibits.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is June 30, 2024.
In which state is Ashford Hospitality Trust incorporated?
Ashford Hospitality Trust is incorporated in Maryland.
Filing Stats: 1,155 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2024-07-03 13:10:38
Key Financial Figures
- $1,909,167 — hford Inc. will pay Mr. Hays a total of $1,909,167 in 36 substantially equal monthly payme
Filing Documents
- aht-20240630.htm (8-K) — 39KB
- ex991-jrhaysseparationxcon.htm (EX-99.1) — 82KB
- 0001232582-24-000089.txt ( ) — 324KB
- aht-20240630.xsd (EX-101.SCH) — 3KB
- aht-20240630_def.xml (EX-101.DEF) — 17KB
- aht-20240630_lab.xml (EX-101.LAB) — 31KB
- aht-20240630_pre.xml (EX-101.PRE) — 18KB
- aht-20240630_htm.xml (XML) — 7KB
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Description 99.1 Separation/Consulting Agreement, dated as of June 30, 2024, by and among J. Robison Hays, III, Ashford Hospitality Advisors LLC and Ashford Inc. 99.2 Second Amended and Restated Employment Agreement, effective as of January 4, 2021, by and among Ashford Inc., Ashford Hospitality Advisors LLC and J. Robison Hays, III (incorporated by reference to Exhibit 99.1 of Form 8-K, filed on January 5, 2021) (File No. 001-31775). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. Dated: July 3, 2024 ASHFORD HOSPITALITY TRUST, INC. By: /s/ Alex Rose Alex Rose Executive Vice President, General Counsel & Secretary