ASHFORD INC. (NYSEMKT:AINC) Files An 8-K Material Modification to Rights of Security Holders

ME Staff 8-k
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ASHFORD INC. (NYSEMKT:AINC) Files An 8-K Material Modification to Rights of Security Holders

ITEM 3.03 MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS

The information regarding amendments to the bylaws of Ashford
Inc. (the Company) set forth in Item 5.03 of this Current Report
is hereby incorporated by reference into this Item 3.03.
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS;
CHANGE IN FISCAL YEAR
On December 15, 2016, the Board of Directors of the Company
adopted and approved the Amended and Restated Bylaws of the
Company (the Amended and Restated Bylaws). The Amended and
Restated Bylaws modify the advance notice procedures to require
that only stockholders that have owned at least 1% of our
outstanding common stock continuously for at least one year may
nominate director candidates and propose other business to be
considered at an annual meeting of stockholders (the Ownership
Requirement). The Ownership Requirement was previously approved
by the Companys stockholders at the Companys annual meeting of
stockholders held on May 13, 2015.
The foregoing summary is qualified in its entirety by reference
to the Amended and Restated Bylaws, which are filed as Exhibit
3.1 hereto and incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit
Number
Description
3.1
Amended and Restated Bylaws of Ashford Inc., effective
December 15, 2016.


About ASHFORD INC. (NYSEMKT:AINC)

Ashford Inc. provides asset management and advisory services to other entities, primarily within the hospitality industry. The Company operates in the segment of asset and investment management, which includes managing the day-to-day operations of Ashford Hospitality Prime, Inc. (Ashford Prime) and its subsidiaries. The Company serves as the advisor to Ashford Prime, an New York Stock Exchange (NYSE)-listed real estate investment trust (REIT) that invests primarily in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Company also serves as the advisor to Ashford Hospitality Trust, Inc. (Ashford Trust), which is focused on investing opportunistically in the hospitality industry with a focus on upscale and upper-upscale hotels in the United States. The Company conducts its business and owns substantially all of its assets through an operating entity, Ashford Hospitality Advisors LLC (Ashford LLC).

ASHFORD INC. (NYSEMKT:AINC) Recent Trading Information

ASHFORD INC. (NYSEMKT:AINC) closed its last trading session up +0.49 at 43.00 with 5,501 shares trading hands.