secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001104659-21-135014
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLJ Lodging Trust enters amended employment agreements with Chairman Johnson and CFO Mahoney
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- Executive Chairman Robert L. Johnson gets new 3-year term; base salary $500,000, bonus opportunities up to 225% of base salary.
- CFO Sean Mahoney gets 2-year term with auto-renewal; base salary $540,750, target bonus 100% of base salary.
- Both agreements effective November 1, 2021; terms substantially identical to prior agreements.
- Johnson severance includes 36 months base salary (24 months after 2-year anniversary) and equity acceleration.
- Mahoney severance includes 24 months base salary plus pro-rated bonus and equity treatment per agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000110465921135014/0001104659-21-135014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000110465921135014/tm2131904d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-135014

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