Procaccianti Hotel REIT Files 2024 Proxy Statement

TL;DR

Procaccianti Hotel REIT filed its 2024 proxy statement. Shareholders, pay attention to voting items.

AI Summary

Procaccianti Hotel REIT, Inc. filed a definitive proxy statement (DEF 14A) on October 7, 2024, for its fiscal year ending December 31, 2024. The filing indicates no fee was required for this submission. The company is incorporated in Maryland and headquartered in Cranston, Rhode Island.

Why It Matters

This filing is crucial for shareholders as it outlines important information regarding upcoming shareholder meetings, voting procedures, and executive compensation, influencing their investment decisions.

Risk Assessment

Risk Level: low — This is a routine filing of a proxy statement, not indicating any immediate financial distress or significant operational changes.

Key Players & Entities

• PROCACCIANTI HOTEL REIT, INC. (company) — Registrant
• 1140 RESERVOIR AVENUE (address) — Business and Mail Address
• CRANSTON (location) — City
• RI (location) — State
• 02920 (zip_code) — ZIP Code
• 401-946-4600 (phone_number) — Business Phone
• 20241007 (date) — Filing Date
• 20241220 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $7,500 — proxy solicitation to be approximately $7,500, excluding out of pocket expenses. Q:
• $1 billion — ave assets with a gross value of nearly $1 billion. Mr. Vickowski joined the predecessor

Filing Documents

• tm2425550-1_def14a.htm (DEF 14A) — 314KB
• lg_procacciahotel-bw.jpg (GRAPHIC) — 12KB
• sg_jamesaprocaccianti-bw.jpg (GRAPHIC) — 10KB
• sg_ronhadar-bw.jpg (GRAPHIC) — 7KB
• px_24procpxy01pg01-bw.jpg (GRAPHIC) — 387KB
• px_24procpxy01pg02-bw.jpg (GRAPHIC) — 132KB
• 0001104659-24-106725.txt ( ) — 1041KB

From the Filing

DEF 14A 1 tm2425550-1_def14a.htm DEF 14A tm2425550-1_def14a - none - 3.0312697s UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under 240.14a-12 PROCACCIANTI HOTEL REIT, INC. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. PROCACCIANTI HOTEL REIT, INC. 1140 Reservoir Avenue Cranston, RI 02920-6320 October 7, 2024 Dear Stockholder: You are cordially invited to attend our 2024 Annual Meeting of Stockholders to be held on December 20, 2024, at 10:00 a.m. local time at our offices located at 1140 Reservoir Avenue, Cranston, RI, 02920-6320. The matters expected to be acted upon at the meeting are described in the following Notice of the 2024 Annual Meeting of Stockholders and Proxy Statement. Directors and officers will be available at the meeting to speak with you. There will be an opportunity during the meeting for your questions regarding the affairs of Procaccianti Hotel REIT, Inc. and for a discussion of the business to be considered at the meeting. It is important that you use this opportunity to take part in the affairs of Procaccianti Hotel REIT, Inc. by voting on the business to come before this meeting. I urge you to authorize a proxy to vote your shares via the Internet, or by calling the toll-free telephone number, or by signing, dating and promptly returning your proxy card enclosed with the proxy materials. For special instructions on how to vote your shares, please refer to the instructions on the proxy card. Voting by proxy does not deprive you of your right to attend the meeting and to vote your shares in person. We look forward to seeing you at the meeting. Sincerely, James A. Procaccianti Chief Executive Officer, President and Chairman of the Board of Directors PROCACCIANTI HOTEL REIT, INC. NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON DECEMBER 20, 2024 To Procaccianti Hotel REIT, Inc. Stockholders: NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Stockholders of Procaccianti Hotel REIT, Inc., a Maryland corporation (the "Company," "we," or "us"), will be held on December 20, 2024, at 10:00 a.m. local time at our offices located at 1140 Reservoir Avenue, Cranston, RI, 02920-6320. The purposes of the meeting are to: 1. consider and vote upon the re-election of five directors to hold office until the 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualify; and 2. transact such other business as may properly come before the 2024 Annual Meeting of Stockholders or any adjournment or postponement thereof. The proposals and other related matters are discussed in the following pages, which are made part of this notice. Only stockholders of record at the close of business on October 3, 2024 are entitled to receive this notice and to vote at the 2024 Annual Meeting of Stockholders. We reserve the right, in our sole discretion, to adjourn or postpone the 2024 Annual Meeting of Stockholders to provide more time to solicit proxies for the meeting. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON DECEMBER 20, 2024. THE PROXY STATEMENT AND ANNUAL REPORT TO STOCKHOLDERS ARE AVAILABLE AT www.proxypush.com/PROC You may obtain directions to attend the 2024 Annual Meeting of Stockholders of the Company by calling (866) 606-2741. All stockholders are cordially invited to attend the annual meeting in person. Whether or not you expect to attend, WE URGE YOU TO READ THE PROXY STATEMENT AND EITHER COMPLETE, SIGN AND DATE THE ENCLOSED PROXY CARD AND RETURN IT PROMPTLY IN THE ENVELOPE PROVIDED OR TO SUBMIT YOUR PROXY BY TELEPHONE OR THE INTERNET. FOR SPECIFIC INSTRUCTIONS ON HOW TO VOTE YOUR SHARES, PLEASE REFER TO THE INSTRUCTIONS ON THE PROXY CARD. YOUR PROMPT RESPONSE WILL HELP AVOID POTENTIAL DELAYS AND MAY SAVE THE COMPANY SIGNIFICANT ADDITIONAL EXPENSE ASSOCIATED WITH SOLICITING STOCKHOLDER VOTES. YOU MAY REVOKE YOUR PROXY AT ANY TIME PRIOR TO ITS EXERCISE. Sincerely, By Order of the Board of Directors Ron Hadar Secretary Cranston, Rhode Island October 7, 2024 PLEASE VOTE—YOUR VOTE IS IMPORTANT PROCACCIANTI HOTEL REIT, INC. 1140 Reservoir Avenue Cranston, RI, 02920-6320 PROXY STATEMENT QUESTIONS AND ANSWERS We a

View Full Filing

View this DEF 14A filing on SEC EDGAR