Braemar Hotels director Carter fails to win majority vote; Board rejects resignation; shareholder lawsuit denied TRO

Braemar Hotels & Resorts Inc.

At Dec 15 annual meeting, director Stefani D. Carter received fewer votes for than against (17.5M vs 22.9M), but Board rejected her resignation, so she remains on Board.
Shareholder Brancous LP filed lawsuit Dec 3 alleging breach of fiduciary duties and seeking to enjoin meeting; court denied TRO Dec 11, finding Brancous unlikely to succeed on merits.
All other 8 director nominees elected; say-on-pay approved with 32M for, 8.5M against; auditor BDO USA ratified.
Company asked Brancous to dismiss lawsuit as moot; will vigorously defend if not dismissed.

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