Ashford Hospitality reduces quorum for 2023 annual meeting to one-third

ASHFORD HOSPITALITY TRUST INC

Quorum requirement lowered from majority to at least one-third of votes entitled to be cast, effective Feb 23, 2023.
Change applies solely to the 2023 annual meeting and any postponements or adjournments thereof.
Reason: retail brokers' policies limiting discretionary votes and increased retail holder base causing declining quorum.
Adopted by unanimous written consent of the board of directors.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ASHFORD HOSPITALITY TRUST INC: Reduced the quorum requirement for the 2023 annual meeting from a majority to at least one-third of votes entitled to be cast (effective 2023-02-23).

Change: bylaw amendment
Effective: 2023-02-23

Exact text from the filing

On February 23, 2023, Ashford Hospitality Trust, Inc. (the “Company”), by unanimous written consent of its board of directors, adopted Amendment No. 5 to the Second Amended and Restated Bylaws of the Company (the “Bylaw Amendment”) for purposes of reducing the quorum required solely for the 2023 annual meeting of the Company’s stockholders (the “Quorum Requirement”). The Bylaw Amendment reduced the Quorum Requirement solely for the 2023 annual meeting from a majority to at least one-third of all votes entitled to be cast at such meeting, as permitted under the Maryland General Corporation Law.

View on SEC.gov

74 governance changes filed in the last 30 days. Browse all governance changes →

ASHFORD HOSPITALITY TRUST INC filing history →

Source: SEC EDGAR

accession 0001232582-23-000019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.