---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-121398"
form_type: "8-K"
ticker: "AHT"
cik: "0001232582"
company_name: "ASHFORD HOSPITALITY TRUST INC"
filed_at: "2025-12-16T23:59:59+00:00"
generated_at: "2026-05-16T13:00:21.896442+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ashford Hospitality Trust adopts poison pill to protect tax benefits; triggers at 4.99% ownership

## Summary
- Board declares dividend of one right per common share; exercisable for 1/1000th of Series N Preferred Stock at $20.
- Rights become exercisable upon any person acquiring 4.99% or more of any class of Company Securities (flip-in event).
- Rights expire on December 14, 2026; redeemable by Board at $0.0001 per right prior to flip-in event.
- Company filed Articles Supplementary establishing Series N Junior Participating Preferred Stock.
- Plan designed to preserve tax benefits (NOL carryforwards) under Section 382 of the Internal Revenue Code.

## SEC filing metadata
- accession: 0001104659-25-121398
- form_type: 8-K
- ticker: AHT
- cik: 0001232582
- company_name: ASHFORD HOSPITALITY TRUST INC
- filed_at: 2025-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1232582/000110465925121398/0001104659-25-121398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1232582/000110465925121398/tm2533452d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-121398
- JSON: https://secwatch.observer/filing/0001104659-25-121398.json
- Plain text: https://secwatch.observer/filing/0001104659-25-121398.txt

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