DiamondRock Hospitality Company (NYSE:DRH) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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DiamondRock Hospitality Company (NYSE:DRH) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07(d)of Form8-K, the decision of the Board of Directors (the “Board”) regarding the frequency of future non-binding advisory votes on executive compensation.

Item 5.07 Submission of Matters to a Vote of Security Holders.

(d)As previously reported in the Original Report, at the Annual Meeting in non-binding advisory votes over a majority of the votes cast approved the Company’s executive compensation and, consistent with the recommendation of the Board, recommended that the Company hold future non-binding advisory votes on executive compensation on an annual basis. In light of these voting results and other factors, the Board determined that the Company will hold future non-binding advisory votes on executive compensation on an annual basis until the next required non-binding advisory vote on the frequency of such votes on executive compensation. The Company is required to hold non-binding advisory votes on frequency every six years.


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.