secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001104659-24-131279
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLJ Lodging Trust renews COO Bardenett's agreement; base salary $565K unchanged
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- New employment agreement with EVP/COO Thomas Bardenett effective Dec 20, 2024; initial term to Feb 1, 2028, with auto-renewal to Feb 2029 if no notice.
- Annual base salary remains $565,000; target cash bonus set at 100% of base salary; eligible for ongoing equity incentive awards.
- On termination without cause or for good reason: 12 months base salary continuation, 1x target bonus lump sum, and equity vesting acceleration.
- Includes 12-month post-termination non-competition and non-solicitation covenants; terms substantially same as prior agreement.
- Role as Executive Vice President and Chief Operating Officer unchanged; reports to President and CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000110465924131279/0001104659-24-131279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000110465924131279/tm2431683d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-131279

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