RLJ LODGING TRUST (NYSE:RLJ) 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 November21, 2016, Arthur R. Collins was elected to the board
of trustees (the Board of Trustees) of RLJ Lodging Trust (the
Company).
Mr.Collins was elected by the Board of Trustees upon the
recommendation of the Nominating and Corporate Governance
Committee.
Since 1989, Mr.Collins has served as Managing Partner of
theGROUP, a government relations and public affairs consulting
firm that Mr.Collins founded. Mr.Collins currently serves as
chairman of the board of trustees of Morehouse School of Medicine
and as a member of the boards of trustees of The Brookings
Institution and Meridian International Center. He has previously
served as chairman of the board of trustees of Florida AM
University. Mr.Collins received a bachelors degree in accounting
and finance from Florida AM University and a doctor of humane
letters from Florida AM University.
Mr.Collins will serve as a trustee of the Company until the
Companys 2017 annual meeting of shareholders and until his
successor is duly elected and qualified or until his resignation
or removal. In connection with Mr.Collins election as a trustee,
the Board of Trustees increased the size of the Board of Trustees
to seven members. It is expected that Mr.Collins will serve on
the Compensation Committee and the Nominating and Corporate
Governance Committee.
As compensation for serving on the Board of Trustees, Mr.Collins
will receive a cash retainer equal to the $75,000 annual cash
compensation paid to the members of the Board of Trustees
prorated for his remaining term. In addition, as compensation for
his service on the Board of Trustees Mr.Collins is expected to
receive a restricted share grant equal in value to the $90,000
restricted share grants made to members of the Board of Trustees
prorated for his remaining term. The Board of Trustees has not
yet approved Mr.Collins restricted share grant.
Item7.01. Regulation FD
Disclosure.
On November28, 2016, the Company issued a press release
announcing the election of Mr.Collins to the Board of Trustees. A
copy of the press release is furnished as Exhibit99.1 to this
Current Report on Form8-K and is incorporated herein solely for
purposes of this Item 7.01 disclosure.
The information included in this Current Report on Form8-K under
this Item7.01 shall not be deemed filed for the 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 it be deemed incorporated by reference into
any filing made by the Company under the Exchange Act or the
Securities Act of 1933, as amended, except as shall be expressly
set forth by specific reference in such a filing.
Item9.01. Financial Statements and
Exhibits
(d)The following exhibits are filed as part of this report:
|
Exhibit Number |
|
Description |
|
99.1 |
Press Release dated November28, 2016 |
About RLJ LODGING TRUST (NYSE:RLJ)
RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel. Its hotels’ brand affiliations include Residence Inn, Courtyard, SpringHill Suites, Marriott and Renaissance by Marriott; Hilton Garden Inn, Embassy Suites, DoubleTree, Hilton and Homewood Suites by Hilton, and Hyatt House, Hyatt Place and Hyatt by Hyatt. Its operating partnership is RLJ Lodging Trust, L.P. The Company’s properties include Courtyard San Francisco, Hyatt House Cypress Anaheim, Hyatt House Emeryville San Francisco Bay Area, Hyatt House San Ramon and Hyatt House Santa Clara in California, and Renaissance Boulder Flatiron Hotel, Residence Inn Boulder Louisville, Residence Inn Longmont Boulder and SpringHill Suites Boulder Longmont in Colorado. RLJ LODGING TRUST (NYSE:RLJ) Recent Trading Information
RLJ LODGING TRUST (NYSE:RLJ) closed its last trading session down -0.07 at 22.26 with 773,021 shares trading hands.