secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001104659-23-041630
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Leslie D. Hale signs new 4-year employment agreement with unchanged terms
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- Base salary remains $840,000 per year; target cash bonus 175% of base salary.
- Four-year initial term with automatic one-year renewal unless 60 days' notice.
- If terminated without cause/for good reason: 36 months base salary (24 months for non-renewal of initial term).
- Plus lump sum of 3x target bonus (2x for non-renewal) and equity vesting.
- Non-compete and non-solicitation for 24 months post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000110465923041630/0001104659-23-041630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000110465923041630/tm2311433d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-041630

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer