Braemar Hotels & Resorts Inc. Files 8-K for Warrant Exercise

TL;DR

Braemar exercised warrants, filing an 8-K with exhibits on 3/31/26.

AI Summary

On March 31, 2026, Braemar Hotels & Resorts Inc. entered into a material definitive agreement related to the exercise of warrants. The filing includes financial statements and exhibits, specifically a notice of exercise of warrants.

Why It Matters

This filing indicates a potential change in the company's capital structure or share count due to warrant exercises, which could impact existing shareholders.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of a material agreement and does not inherently signal significant financial distress or unusual events.

Key Players & Entities

• Braemar Hotels & Resorts Inc. (company) — Filer of the 8-K
• 0001574085 (company) — CIK number for Braemar Hotels & Resorts Inc.
• 2026-04-03 (date) — Filing date of the 8-K
• 2026-03-31 (date) — Period of report for the 8-K

FAQ

Filing Documents

• bhr-20260331.htm (8-K) — 30KB
• bhr-noticeofexerciseofadvi.htm (EX-99.1) — 9KB
• 0001574085-26-000054.txt ( ) — 201KB
• bhr-20260331.xsd (EX-101.SCH) — 2KB
• bhr-20260331_def.xml (EX-101.DEF) — 16KB
• bhr-20260331_lab.xml (EX-101.LAB) — 28KB
• bhr-20260331_pre.xml (EX-101.PRE) — 17KB
• bhr-20260331_htm.xml (XML) — 5KB

01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. As previously disclosed, Braemar Hotels & Resorts Inc. (the "Company"), Braemar Hospitality Limited Partnership and Braemar TRS Corporation are parties to that certain Fifth Amended and Restated Advisory Agreement, dated as of April 23, 2018 (as amended, the "Advisory Agreement"), with Ashford Inc. and Ashford Hospitality Advisors LLC (together, the "Advisor"). On March 31, 2026, the Advisor delivered written notice to the Company of the Advisor's election to extend the term of the Advisory Agreement (the "Extension Notice"). Pursuant to Section 12.2 of the Advisory Agreement, the Advisor exercised its right to extend the Agreement for an additional ten-year term, commencing on January 24, 2027 and expiring on January 24, 2037. All terms, conditions, rights and obligations under the Advisory Agreement will remain in full force and effect during the extended term, subject to Section 6.6 of the Advisory Agreement that provides the parties to the Advisory Agreement the right to renegotiate the amount of the Base Fee or Incentive Fee (as such terms are defined in the Advisory Agreement) payable by the Company. The foregoing description of the Extension Notice does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Extension Notice, a copy of which is attached hereto as Exhibit 10.2 and incorporated herein by reference.

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Exhibit Description 10.1 Fifth Amended and Restated Advisory Agreement, dated as of April 23, 2018, among Braemar Hotels & Resorts Inc., Braemar Hospitality Limited Partnership, Braemar TRS Corporation, Ashford Hospitality Advisors LLC and Ashford Inc. (incorporated by reference to Exhibit 10.1 of the Company's Form 8-K filed on April 23, 2018) (File No. 001-35972) 10.2* Notice of Exercise of Extension of Term under Fifth Amended and Restated Advisory Agreement, as amended, dated as of March 31, 2026 101 Inline Interactive Data Files. 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) * Filed herewith.

SIGNATURES

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. BRAEMAR HOTELS & RESORTS INC. Dated: April 3, 2026 By: /s/ Jim Plohg Jim Plohg Executive Vice President, General Counsel & Secretary

View Full Filing

View this 8-K filing on SEC EDGAR