8-K
filed November 10, 2026, 4:05 PM ET
ticker BHR
CIK 0001574085
leadership
confidence high
sentiment neutral
materiality 0.80
Braemar terminates Ashford advisory, pays $25M fee, replaces board with 7 new independent directors
Braemar Hotels & Resorts Inc.
- Advisory agreement with Ashford terminated Nov 10, 2026; Braemar paid a $25.0M Master Agreement Termination Fee plus remaining Termination Payments and expense reimbursement.
- Company Sale Fee liability of $480.0M incurred in Q3 2026, funded partly by sales of Pier House ($190.5M, Aug 12) and Four Seasons Scottsdale ($372.0M, Oct 28).
- Six directors resigned effective on filing of the proxy, including Chairman Monty J. Bennett; seven new independent directors named, with Stephen Haggerty expected as independent Chair.
- Richard J. Stockton remains a director, President and CEO; James Plohg resigned as EVP, General Counsel and Secretary effective Nov 10, 2026.
- New director pay: $75,000 annual cash retainer plus $75,000 stock award; Board Chair gets an extra $50,000, Audit Chair $20,000.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.93
Stephen W. Theriot was appointed as Director at Braemar Hotels & Resorts Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 10, 2026, the Board of Directors appointed the following seven (7) new independent directors to serve on the Board of Directors, effective upon the filing of the Proxy Statement: Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin Luebbers, Gail P. Steinel, and Stephen W. Theriot.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Gail P. Steinel was appointed as Director at Braemar Hotels & Resorts Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 10, 2026, the Board of Directors appointed the following seven (7) new independent directors to serve on the Board of Directors, effective upon the filing of the Proxy Statement: Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin Luebbers, Gail P. Steinel, and Stephen W. Theriot.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.7
Stephen Haggerty was appointed as Independent Chair of the Board at Braemar Hotels & Resorts Inc..
- Action
- expected to be appointed
- Role
- Independent Chair of the Board
Exact text from the filing
After the filing of the Proxy Statement, it is expected that Stephen Haggerty will be appointed as the independent Chair of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Eric Batis departed as Director at Braemar Hotels & Resorts Inc..
- Action
- submitted resignation
- Role
- Director
Exact text from the filing
each of the following directors submitted resignations from the Board of Directors on November 10, 2026, effective as of the filing of the Proxy Statement: · Monty J. Bennett, Chairman · Mary Candace Evans · Matthew D. Rinaldi · Rebeca Odino-Johnson · Kellie Sirna · Eric Batis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Monty J. Bennett departed as Chairman and Director at Braemar Hotels & Resorts Inc..
- Action
- submitted resignation
- Role
- Chairman and Director
Exact text from the filing
each of the following directors submitted resignations from the Board of Directors on November 10, 2026, effective as of the filing of the Proxy Statement: · Monty J. Bennett, Chairman · Mary Candace Evans · Matthew D. Rinaldi · Rebeca Odino-Johnson · Kellie Sirna · Eric Batis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Kevin Covey was appointed as Director at Braemar Hotels & Resorts Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 10, 2026, the Board of Directors appointed the following seven (7) new independent directors to serve on the Board of Directors, effective upon the filing of the Proxy Statement: Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin Luebbers, Gail P. Steinel, and Stephen W. Theriot.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Craig A. Barbarosh was appointed as Director at Braemar Hotels & Resorts Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 10, 2026, the Board of Directors appointed the following seven (7) new independent directors to serve on the Board of Directors, effective upon the filing of the Proxy Statement: Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin Luebbers, Gail P. Steinel, and Stephen W. Theriot.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Rebeca Odino-Johnson departed as Director at Braemar Hotels & Resorts Inc..
- Action
- submitted resignation
- Role
- Director
Exact text from the filing
each of the following directors submitted resignations from the Board of Directors on November 10, 2026, effective as of the filing of the Proxy Statement: · Monty J. Bennett, Chairman · Mary Candace Evans · Matthew D. Rinaldi · Rebeca Odino-Johnson · Kellie Sirna · Eric Batis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Kellie Sirna departed as Director at Braemar Hotels & Resorts Inc..
- Action
- submitted resignation
- Role
- Director
Exact text from the filing
each of the following directors submitted resignations from the Board of Directors on November 10, 2026, effective as of the filing of the Proxy Statement: · Monty J. Bennett, Chairman · Mary Candace Evans · Matthew D. Rinaldi · Rebeca Odino-Johnson · Kellie Sirna · Eric Batis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Plohg resigned as Executive Vice President, General Counsel and Secretary at Braemar Hotels & Resorts Inc..
- Action
- resigned
- Role
- Executive Vice President, General Counsel and Secretary
Exact text from the filing
James Plohg, who served as Executive Vice President, General Counsel and Secretary of the Company, resigned from his role effective as of November 10, 2026, in connection with the Company’s transition to self-management.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Matthew D. Rinaldi departed as Director at Braemar Hotels & Resorts Inc..
- Action
- submitted resignation
- Role
- Director
Exact text from the filing
each of the following directors submitted resignations from the Board of Directors on November 10, 2026, effective as of the filing of the Proxy Statement: · Monty J. Bennett, Chairman · Mary Candace Evans · Matthew D. Rinaldi · Rebeca Odino-Johnson · Kellie Sirna · Eric Batis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Stephen Haggerty was appointed as Director at Braemar Hotels & Resorts Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 10, 2026, the Board of Directors appointed the following seven (7) new independent directors to serve on the Board of Directors, effective upon the filing of the Proxy Statement: Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin Luebbers, Gail P. Steinel, and Stephen W. Theriot.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Kevin Luebbers was appointed as Director at Braemar Hotels & Resorts Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 10, 2026, the Board of Directors appointed the following seven (7) new independent directors to serve on the Board of Directors, effective upon the filing of the Proxy Statement: Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin Luebbers, Gail P. Steinel, and Stephen W. Theriot.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Mary Candace Evans departed as Director at Braemar Hotels & Resorts Inc..
- Action
- submitted resignation
- Role
- Director
Exact text from the filing
each of the following directors submitted resignations from the Board of Directors on November 10, 2026, effective as of the filing of the Proxy Statement: · Monty J. Bennett, Chairman · Mary Candace Evans · Matthew D. Rinaldi · Rebeca Odino-Johnson · Kellie Sirna · Eric Batis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Daniel J. Hirsch was appointed as Director at Braemar Hotels & Resorts Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 10, 2026, the Board of Directors appointed the following seven (7) new independent directors to serve on the Board of Directors, effective upon the filing of the Proxy Statement: Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin Luebbers, Gail P. Steinel, and Stephen W. Theriot.
View on SEC.gov
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