CFO Deric Eubanks to exit March 31, 2026; CAO Justin Coe to become principal financial officer

Braemar Hotels & Resorts Inc.

Deric Eubanks terminates employment as CFO of Braemar Hotels & Resorts, Ashford Trust, and Ashford Inc. effective March 31, 2026.
Current Chief Accounting Officer Justin Coe will serve as principal financial officer starting April 1.
Eubanks receives $1,796,000 severance (12 monthly installments), plus $200,000 transition pay through June 2026.
Eubanks' outstanding deferred cash grants of $3,316,223 will continue vesting; he must provide up to 40 hours/month consulting.
Eubanks subject to 12-month non-compete, 24-month non-solicitation, and 24-month standstill.

item 5.02item 9.01

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