Braemar appoints activist Bob Ghassemieh to board under cooperation agreement

Braemar Hotels & Resorts Inc.

Ghassemieh Group, owning ~7.3% of BHR common stock, enters cooperation agreement with Braemar.
BHR appoints Bob Ghassemieh to board; Ghassemieh Group withdraws June 2 director nominations.
Agreement includes standstill restrictions and voting commitments through 2026 annual meeting.
Ghassemieh Group gets replacement director rights if Ghassemieh leaves, subject to minimum 3% ownership threshold.
BHR will nominate Ghassemieh (or replacement) for election at 2025 and 2026 annual meetings.

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