DiamondRock Hospitality Co. Reports Board and Executive Compensation Changes
Ticker: DRH · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1298946
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: DRH
TL;DR
DRH board shakeup and exec pay changes announced May 31st.
AI Summary
DiamondRock Hospitality Co. announced on May 31, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain directors and the election of new ones, alongside updates to compensatory plans for key officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically have a low direct impact on the company's core business operations.
Key Players & Entities
- DiamondRock Hospitality Co (company) — Registrant
- May 31, 2024 (date) — Date of earliest event reported
- Maryland (jurisdiction) — State of incorporation
- 20-1180098 (document_id) — IRS Employer Identification No.
- 2 Bethesda Metro Center, Suite 1400 (address) — Principal Executive Offices
- Bethesda, MD 20814 (address) — Principal Executive Offices
- ( 240 ) 744-115 (phone_number) — Registrant's telephone number
FAQ
What specific items are covered under the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' section?
This section covers the departure of directors, election of new directors, appointment of officers, and details on compensatory arrangements for certain officers.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 31, 2024.
In which state is DiamondRock Hospitality Co. incorporated?
DiamondRock Hospitality Co. is incorporated in Maryland.
What is the principal executive office address for DiamondRock Hospitality Co.?
The principal executive office is located at 2 Bethesda Metro Center, Suite 1400, Bethesda, MD 20814.
What is the SEC file number for DiamondRock Hospitality Co.?
The SEC file number for DiamondRock Hospitality Co. is 001-32514.
Filing Stats: 909 words · 4 min read · ~3 pages · Grade level 12.5 · Accepted 2024-06-03 16:30:30
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value DRH New York Stock Exchange
- $236,000 — ro-rata bonus for 2024 in the amount of $236,000, determined through the retirement date
Filing Documents
- drh-20240531.htm (8-K) — 38KB
- exhibit1016324.htm (EX-10.1) — 55KB
- 0001298946-24-000086.txt ( ) — 266KB
- drh-20240531.xsd (EX-101.SCH) — 2KB
- drh-20240531_def.xml (EX-101.DEF) — 15KB
- drh-20240531_lab.xml (EX-101.LAB) — 27KB
- drh-20240531_pre.xml (EX-101.PRE) — 16KB
- drh-20240531_htm.xml (XML) — 4KB
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 10.1 Retirement Agreement, dated May 31 , 2024, between William J. Tennis and DiamondRock Hospitality Company . 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: June 3, 2024 By: /s/ Briony R. Quinn Briony R. Quinn Executive Vice President, Chief Financial Officer and Treasurer