DiamondRock Hospitality Co. Reports Board and Executive Changes
Ticker: DRH · Form: 8-K · Filed: Jan 15, 2025 · CIK: 1298946
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
DiamondRock Hospitality Co. shakes up its board and exec pay structure.
AI Summary
DiamondRock Hospitality Co. announced on January 13, 2025, 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 arrangements for key officers. Specific financial figures related to these changes were not detailed in this initial filing.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may affect the company's future performance and stability.
Key Players & Entities
- DiamondRock Hospitality Co. (company) — Registrant
- Maryland (jurisdiction) — State of Incorporation
- 2 Bethesda Metro Center, Suite 1400, Bethesda, MD 20814 (address) — Principal Executive Offices
FAQ
What specific reasons were given for the departure of directors?
The filing indicates the departure of directors and election of new ones but does not specify the reasons for departure in the provided text.
Who are the newly elected directors?
The filing mentions the election of new directors but does not list their names in the provided text.
What are the key changes in compensatory arrangements for officers?
The filing notes updates to compensatory arrangements for certain officers but does not detail the specific changes in the provided text.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on January 13, 2025.
What is DiamondRock Hospitality Co.'s fiscal year end?
DiamondRock Hospitality Co.'s fiscal year ends on December 31.
Filing Stats: 933 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2025-01-15 16:21:42
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value DRH New York Stock Exchange
Filing Documents
- drh-20250113.htm (8-K) — 35KB
- exhibit99111525.htm (EX-99.1) — 8KB
- drhlogopressreleasea35.gif (GRAPHIC) — 2KB
- 0001298946-25-000004.txt ( ) — 210KB
- drh-20250113.xsd (EX-101.SCH) — 2KB
- drh-20250113_def.xml (EX-101.DEF) — 15KB
- drh-20250113_lab.xml (EX-101.LAB) — 27KB
- drh-20250113_pre.xml (EX-101.PRE) — 16KB
- drh-20250113_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 15, 2025, the Company announced that Ms. Lepori had been appointed to the Company's Board of Directors, effective January 15, 2025. A copy of that press release is attached to this Current Report on Form 8-K ("Current Report") as Exhibit 99.1 and is incorporated by reference herein. The press release has also been posted in the investor relations/press releases section of the Company's 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 Item 7.01, 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 Press Release, dated January 15, 202 5 101.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 15, 2025 By: /s/ Briony R. Quinn Briony R. Quinn Executive Vice President, Chief Financial Officer and Treasurer