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
Inc. (the Company) awarded non-qualified stock option awards to
the following executive officers to the Ashford Inc. 2014
Incentive Plan in the amounts as set forth below, with 50% of the
total number of option shares for each executive officer set
forth below having a grant date of April 18, 2017 and the
remaining 50% having a grant date of September 29, 2017 provided
such executive officer is then an employee of the Company:
|
Executive Officer
|
Option Shares (#)
|
||
|
Monty J. Bennett, Chairman of the Board and Chief
Executive Officer |
100,000
|
||
|
Douglas A. Kessler, President
|
50,000
|
||
|
David A. Brooks, Chief Operating Officer, General
Counsel and Secretary |
40,000
|
||
|
Deric S. Eubanks, Chief Financial Officer
|
35,000
|
||
the closing price of the Companys common stock on the date of the
approval of the grant ($57.34 per share for the option shares
with a grant date of April 18, 2017). All awards vest upon the
anniversary that is three years following the date of such grant.
The non-qualified stock option awards will be issued to award
agreements entered into by the Company and the executive officer
which provide that the expiration of the awards shall be the
tenth anniversary of the grant date.
About ASHFORD INC. (NYSE:AHT)
Ashford Hospitality Trust, Inc. is an externally-advised real estate investment trust (REIT). The Company 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 (Ashford Trust OP), its operating partnership. As of December 31, 2016, the Company owned interests in 123 consolidated hotel properties, including 121 (two that are held for sale) directly owned and two owned through a majority-owned investment in a consolidated entity, which represent 26,013 total rooms; 86 hotel condominium units at WorldQuest Resort in Orlando, Florida; a 96.6% ownership in Ashford Quantitative Alternatives (U.S.), LP (the AQUA U.S. Fund); a 29.7% ownership in Ashford Inc., and a 13.3% ownership in OpenKey. ASHFORD INC. (NYSE:AHT) Recent Trading Information
ASHFORD INC. (NYSE:AHT) closed its last trading session up +0.04 at 6.43 with 488,987 shares trading hands.
