ASHFORD INC. (NYSE:AHT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.
Compensatory Arrangements of Certain Officers
members of the Board of Directors (the Board) of Ashford Inc.
(the Company) approved the recommendation of the Compensation
Committee of the Board with respect to the 2016 annual cash
incentive bonuses for the following executive officers of the
Company, each as set forth in the following table:
|
Executive Officer
|
Cash Incentive Bonus
|
|
|
Monty J. Bennett, Chairman of the Board and Chief
Executive Officer |
$
|
1,283,333
|
|
Douglas A. Kessler, President
|
$
|
740,385
|
|
David A. Brooks, Chief Operating Officer
|
$
|
466,566
|
|
Deric S. Eubanks, Chief Financial Officer
|
$
|
302,077
|
|
J. Robison Hays, Chief Strategy Officer
|
$
|
302,077
|
|
Jeremy Welter, Executive Vice President
|
$
|
302,077
|
About ASHFORD INC. (NYSE:AHT)
Ashford Hospitality Trust, Inc. (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership, its operating partnership. Its hotels are operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company’s hotels portfolio is asset-managed by Ashford LLC. The Company is focused on direct hotel investments and it may invest in a range of lodging-related assets. Its investments may include direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition, and sale-leaseback transactions. ASHFORD INC. (NYSE:AHT) Recent Trading Information
ASHFORD INC. (NYSE:AHT) closed its last trading session up +0.04 at 6.36 with 3,488,157 shares trading hands.