COO Jeremy Welter to resign July 15; receives $750k lump sum and $6.4M severance

ASHFORD HOSPITALITY TRUST INC

Jeremy Welter, COO of Ashford Hospitality Trust and Braemar, to resign effective July 15, 2022.
Welter receives $750k lump sum and $6.4M severance payable in 24 monthly installments.
Outstanding equity awards will vest as if terminated without cause.
Welter remains bound by non-compete and non-solicitation covenants; also standstill on share acquisition.
The departure is mutual and covered by a Release and Waiver agreement.

item 5.02 item 9.01

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Departed

Jeremy Welter

Chief Operating Officer

AHT · ASHFORD HOSPITALITY TRUST INC

Effective: 2022-07-15
Filed: April 19, 2022, 7:59 PM ET

Mr. Welter is also the Chief Operating Officer of Ashford Hospitality Trust, Inc. (the “Company”) and Braemar Hotels & Resorts Inc. (“Braemar”) and accordingly his service as Chief Operating Officer of each of the Company and Braemar will also end effective as of the Resignation Date.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeremy Welter resigned as Chief Operating Officer at ASHFORD HOSPITALITY TRUST INC.

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

Mr. Welter is also the Chief Operating Officer of Ashford Hospitality Trust, Inc. (the “Company”) and Braemar Hotels & Resorts Inc. (“Braemar”) and accordingly his service as Chief Operating Officer of each of the Company and Braemar will also end effective as of the Resignation Date.

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Source: SEC EDGAR

accession 0001104659-22-046989

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