DiamondRock Hospitality Confirms NYSE Listings for Common & Preferred Stock
Ticker: DRH · Form: 8-K · Filed: Jan 22, 2024 · CIK: 1298946
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, regulatory-filing, stock-listing
TL;DR
**DRH confirmed its common and preferred stock are still trading on the NYSE.**
AI Summary
DiamondRock Hospitality Co filed an 8-K on January 22, 2024, to update its registered securities. The filing confirms that its Common Stock, $0.01 par value, trades under the symbol DRH on the New York Stock Exchange, and its 8.250% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, trades as DRH Pr A, also on the NYSE. This matters to investors as it reaffirms the listing status and trading symbols for its publicly traded securities, ensuring transparency and continued access to trading on a major exchange.
Why It Matters
This filing confirms the continued listing and trading of DiamondRock Hospitality's common and preferred stock on the New York Stock Exchange, which is crucial for liquidity and investor confidence.
Risk Assessment
Risk Level: low — This 8-K is a routine administrative filing confirming existing security listings and does not introduce new financial risks.
Analyst Insight
Investors should note this filing as a routine confirmation of existing security listings, reinforcing the stability of trading for DRH and DRH Pr A on the NYSE. No immediate action is required based on this administrative update.
Key Numbers
- $0.01 — par value per share (for both Common Stock and 8.250% Series A Cumulative Redeemable Preferred Stock)
- 8.250% — coupon rate (for Series A Cumulative Redeemable Preferred Stock)
Key Players & Entities
- DiamondRock Hospitality Company (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — the exchange where securities are registered
- $0.01 (dollar_amount) — par value of Common Stock and Preferred Stock
- DRH (company) — trading symbol for Common Stock
- DRH Pr A (company) — trading symbol for 8.250% Series A Cumulative Redeemable Preferred Stock
Forward-Looking Statements
- DiamondRock Hospitality Co will continue to trade its common and preferred stock on the NYSE without interruption. (DiamondRock Hospitality Co) — high confidence, target: 2025-01-22
FAQ
What is the purpose of this 8-K filing by DiamondRock Hospitality Co?
This 8-K filing, dated January 22, 2024, is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, primarily to disclose information under Item 3.02, which typically relates to unregistered sales of equity securities, or in this case, to confirm registered securities pursuant to Section 12(b) of the Act.
What are the trading symbols and exchanges for DiamondRock Hospitality Co's registered securities?
DiamondRock Hospitality Co's Common Stock, with a $0.01 par value, trades under the symbol DRH on the New York Stock Exchange. Its 8.250% Series A Cumulative Redeemable Preferred Stock, also with a $0.01 par value per share, trades under the symbol DRH Pr A, also on the New York Stock Exchange.
What is the par value of DiamondRock Hospitality Co's Common Stock and Preferred Stock?
Both the Common Stock and the 8.250% Series A Cumulative Redeemable Preferred Stock of DiamondRock Hospitality Co have a par value of $0.01 per share.
What is the address and phone number of DiamondRock Hospitality Co?
The business address for DiamondRock Hospitality Co is 2 Bethesda Metro Center, Suite 1400, Bethesda, MD 20814. Their telephone number is (240) 744-1150.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 22, 2024.
Filing Stats: 1,012 words · 4 min read · ~3 pages · Grade level 12.1 · Accepted 2024-01-22 08:27:10
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value DRH New York Stock Exchange
Filing Documents
- drh-20240122.htm (8-K) — 39KB
- investorpresentationupda.htm (EX-99.1) — 13KB
- investorpresentationupda001.jpg (GRAPHIC) — 228KB
- investorpresentationupda002.jpg (GRAPHIC) — 303KB
- investorpresentationupda003.jpg (GRAPHIC) — 218KB
- investorpresentationupda004.jpg (GRAPHIC) — 137KB
- investorpresentationupda005.jpg (GRAPHIC) — 250KB
- investorpresentationupda006.jpg (GRAPHIC) — 187KB
- investorpresentationupda007.jpg (GRAPHIC) — 180KB
- investorpresentationupda008.jpg (GRAPHIC) — 191KB
- investorpresentationupda009.jpg (GRAPHIC) — 178KB
- investorpresentationupda010.jpg (GRAPHIC) — 126KB
- 0001298946-24-000004.txt ( ) — 2977KB
- drh-20240122.xsd (EX-101.SCH) — 2KB
- drh-20240122_def.xml (EX-101.DEF) — 15KB
- drh-20240122_lab.xml (EX-101.LAB) — 30KB
- drh-20240122_pre.xml (EX-101.PRE) — 16KB
- drh-20240122_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
ITEM 2.02 Results of Operations and Financial Condition. On January 22, 2024, DiamondRock Hospitality Company (the "Company") made available on its website an updated investor presentation for use at upcoming conferences and meetings containing, among other things, a preliminary estimate of fourth quarter and full year 2023 revenues and RevPAR compared to 2022 and 2019. A copy of the presentation is attached to this Current Report on Form 8-K ("Current Report") as Exhibit 99.1 and incorporated by reference herein. The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, regardless of any general incorporation by reference language in any such filing.
01. Regulation FD Disclosure
ITEM 7.01. Regulation FD Disclosure. A copy of the slide presentation attached to this Current Report as Exhibit 99.1 is incorporated by reference herein. Additionally, the Company has posted the slide presentation in the investor relations/presentations section of its website at www.drhc.com. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section. The information in this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing. This Current Report will not be deemed an admission as to the materiality of any information in this Current Report that is required to be disclosed solely by Regulation FD.
01. Financial Statements and Exhibits
ITEM 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are included with this report: Exhibit No. Description 99.1 Investor Presentation - January 202 4 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File 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. DIAMONDROCK HOSPITALITY COMPANY Dated: January 22, 2024 By: /s/ Briony R. Quinn Briony R. Quinn Senior Vice President and Treasurer