CHESAPEAKE LODGING TRUST (NYSE:CHSP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June7, 2018, George F. McKenzie informed the Board of Trustees of Chesapeake Lodging Trust (the “Trust”) of his intention to resign from the Trust’s Board of Trustees (the “Board”) at the end of his current term expiring on, and not to stand for re-election at, the Trust’s 2018 Annual Meeting. Mr.McKenzie has served as a member of the Board since the Trust’s IPO in 2010, and the Board appreciates his dedication to the Trust and its shareholders.
The Board does not intend to designate a substitute candidate for election to the Board at the 2018 Annual Meeting, to be held on June14, 2018. Other than Mr.McKenzie, the nominees named in the Trust’s Definitive Proxy Statement filed April30, 2018 (the “Proxy”) will stand for election at the 2018 Annual Meeting. Notwithstanding Mr.McKenzie’s resignation and withdrawal as a nominee, the form of proxy card included in the original distribution of the Proxy remains valid; any votes that are submitted with instructions to vote for all the Board’s nominees will be voted only for the remaining nominees as named in the Proxy. If all other nominees are elected by the requisite vote, the Board will remain at seven members following the Trust’s 2018 Annual Meeting.
About CHESAPEAKE LODGING TRUST (NYSE:CHSP)
Chesapeake Lodging Trust (the Trust) is a self-advised real estate investment trust (REIT). The Trust is focused on investments primarily in upper-upscale hotels in business and convention markets and, on service hotels in urban settings or locations in the United States. The Trust owns over 20 hotels with over 6,700 rooms in approximately nine states and the District of Columbia. The Trust’s hotel portfolio includes Le Meridien San Francisco, Hyatt Regency Boston, Hilton Checkers Los Angeles, Hotel Indigo San Diego Gaslamp Quarter, Hyatt Santa Barbara, JW Marriott San Francisco Union Square, W New Orleans-French Quarter and Denver Marriott City Center, among others. The Trust’s hotels are located in Los Angeles, San Francisco, Washington, New York, Denver, Newton and Boston, among others. The Trust’s operations are conducted through Chesapeake Lodging, L.P. (the Operating Partnership). The Operating Partnership leases its hotels to taxable REIT subsidiaries.
