secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001104659-25-015152
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLJ Lodging Trust enters amended employment agreement with Executive Chairman Robert L. Johnson
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- New 3-year employment agreement effective Nov 1, 2024, replaces prior agreement.
- Base salary unchanged at $500,000; bonus opportunities: threshold 75%, target 125%, max 175%, outperformance 225% of base salary.
- Eligible for equity grants (options, restricted shares, LTIP units) commensurate with other executives.
- Non-compete and non-solicitation covenants apply for 24 months post-termination.
- Severance includes 36 months base salary (24 if after 2nd anniversary) and pro-rata bonus tied to performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000110465925015152/0001104659-25-015152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000110465925015152/tm256992d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-015152

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