---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-038499"
form_type: "8-K"
ticker: "SOHOO"
cik: "0001301236"
company_name: "Sotherly Hotels Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:42:58.356458+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Sotherly Hotels adopts clawback policy, lowers stockholder quorum to 33 1/3%

## Summary
- Adopted Executive Officer Incentive Compensation Recovery Policy effective Oct 2, 2023, requiring recoupment after accounting restatements.
- Policy applies to all current and former executive officers under Rule 16a-1(f); no-fault recoupment regardless of misconduct.
- Amended Bylaws to reduce stockholder meeting quorum from a majority to at least 33.33% of voting power.
- Clawback Policy covers incentive compensation based on financial reporting measures, stock price, or total shareholder return.
- Company will not indemnify or insure any executive against loss of erroneously awarded compensation.

## SEC filing metadata
- accession: 0000950170-23-038499
- form_type: 8-K
- ticker: SOHOO
- cik: 0001301236
- company_name: Sotherly Hotels Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1301236/000095017023038499/0000950170-23-038499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1301236/000095017023038499/soho-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-038499
- JSON: https://secwatch.observer/filing/0000950170-23-038499.json
- Plain text: https://secwatch.observer/filing/0000950170-23-038499.txt

## Key facts
- Governance Changes
  Sotherly Hotels Inc.: Amended quorum requirement for stockholder meetings from majority to at least thirty-three and one-third percent of votes entitled to be cast (effective 2023-07-31).
  - Change: bylaw amendment
  - Effective: 2023-07-31
  source text: the amendment to the Bylaws provides that the presence in person or by proxy of stockholders entitled to cast at least thirty-three and one-third percent, rather than a majority, of all the votes entitled to be cast shall constitute a quorum at all meetings of the stockholders of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1301236/000095017023038499/0000950170-23-038499-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.