---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-046990"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2022-04-19T23:59:59+00:00"
generated_at: "2026-06-26T06:31:35.746075+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Braemar COO Jeremy Welter to depart July 15; severance worth ~$7.15M plus benefits and equity acceleration

## Summary
- Jeremy Welter will resign as COO of Braemar Hotels & Resorts, Ashford Trust, and Ashford Inc. effective July 15, 2022.
- Welter receives a $750,000 lump-sum payment plus $6,397,067 in 24 equal monthly installments starting August 2022.
- Health, life, and disability benefit continuation for up to 24 months post-resignation; COBRA reimbursement for up to 12 additional months.
- All outstanding equity incentive awards from Braemar and Ashford Trust will vest as if terminated without cause.
- Welter remains subject to non-compete and non-solicitation covenants; acquires a 24-month standstill on buying stock in affiliates.

## SEC filing metadata
- accession: 0001104659-22-046990
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2022-04-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000110465922046990/0001104659-22-046990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000110465922046990/tm2212802d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-046990
- JSON: https://secwatch.observer/filing/0001104659-22-046990.json
- Plain text: https://secwatch.observer/filing/0001104659-22-046990.txt

## Key facts
- Executive change
  Jeremy Welter resigned as Chief Operating Officer at Braemar Hotels & Resorts Inc..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: Mr. Welter is also the Chief Operating Officer of Ashford Hospitality Trust, Inc. (“Ashford Trust”) and Braemar Hotels & Resorts Inc. (the “Company”) and accordingly his service as Chief Operating Officer of each of Ashford Trust and the Company will also end effective as of the Resignation Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574085/000110465922046990/0001104659-22-046990-index.htm

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