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

ME Staff 8-k
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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.

(e) Entry into Material Contract with Named Executive Officer and
Compensatory Arrangements of Certain Officers
Cash Incentive Bonuses. On March 27, 2017, the independent
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
_________________________
1 Payable by the Company on or about April 7, 2017


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.