DiamondRock Hospitality Company (NYSE:DRH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

DiamondRock Hospitality Company (NYSE:DRH) 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.

On March12, 2018, DiamondRock Hospitality Company (the “Company”) announced the appointment of Jay Johnson, age 41, as the Company’s Executive Vice President and Chief Financial Officer, effective April1, 2018.

Prior to joining the Company, Mr.Johnson served as Senior Vice President and Treasurer of Host Hotels& Resorts (NYSE: HST), a lodging real estate investment trust. In this role, he was responsible for Host’s financing activities globally, including all capital raising, liability management, corporate liquidity, enterprise risk management and acquisition financing. While at Host, he completed over $14 billion in debt and equity capital transactions in 12 countries and managed a balance sheet that encompassed over $5 billion of available debt capital. Mr.Johnson served as a member of the senior management team and managed Host’s relationships with financial institutions, fixed income investors and ratings agencies. He currently serves on the Real Estate Capital Policy Advisory Committee of The Real Estate Roundtable. Mr.Johnson received an MBA from Harvard Business School and a BA in economics from Morehouse College.

It is expected that Mr.Johnson will enter into a severance agreement with the Company on terms consistent with those in the severance agreements between the Company and its other executive vice presidents.

Item 5.02. Regulation FD Disclosure

On March12, 2018, the Company announced that Mr.Johnson was appointed Executive Vice President and Chief Financial Officer and that Briony Quinn was promoted to Senior Vice President and Treasurer. Copies of the Company’s press releases relating to Mr.Johnson and Ms.Quinn are attached to this Current Report as Exhibit99.1 and Exhibit99.2, respectively, and are incorporated by reference herein. The press releases have also been posted in the investor relations/presentations section of the Company’s website at www.drhc.com.

The information in this Item 5.02 of this Current Report, including the exhibits attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.

Item 5.02. Financial Statements and Exhibits.

(d)Exhibits.


DiamondRock Hospitality Co Exhibit
EX-99.1 2 a18-8027_1ex99d1.htm EX-99.1 Exhibit 99.1     COMPANY CONTACT   Mark Brugger (240) 744-1150   FOR IMMEDIATE RELEASE   DIAMONDROCK NAMES JAY JOHNSON NEW EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER   BETHESDA,…
To view the full exhibit click here

About DiamondRock Hospitality Company (NYSE:DRH)

DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Company owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. Its primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States. Its portfolio is concentrated in gateway cities and destination resort locations. The Company conducts its business through an umbrella partnership REIT (UPREIT) in which the Company’s hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the sole general partner of its operating partnership and owns either directly or indirectly, all of the limited partnership units of its operating partnership.

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