{"schema_version":"secwatch.filing_event.v1","accession":"0001232582-23-000021","form_type":"8-K","ticker":"AHT","cik":"0001232582","company_name":"ASHFORD HOSPITALITY TRUST INC","filed_at":"2023-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.129337+00:00","generated_at":"2026-06-18T12:48:53.216518+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Ashford Trust waives advisory limits to award $13.1M cash incentives; lenders permit $21M deferred cash grants","bullets":["Company waives advisory agreement to award up to $13,063,844 in cash incentive compensation to Advisor employees during Q1-Q2 2023.","Lenders (Oaktree) waive credit agreement non-compliance for deferred cash grants of $7,950,817 in 2022 and $13,063,844 in 2023, total $21,014,661.","Aggregate cap of $30M for deferred cash grants plus other restricted payments under the credit agreement.","Waivers are one-time and do not set precedent for future transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001232582-23-000021","json":"https://secwatch.observer/filing/0001232582-23-000021.json","markdown":"https://secwatch.observer/filing/0001232582-23-000021.md","text":"https://secwatch.observer/filing/0001232582-23-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1232582/000123258223000021/0001232582-23-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1232582/000123258223000021/aht-20230302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T12:48:53.216518+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8bde1be7cf2e2b170c9ebb33d226e16d111008db","claim":"ASHFORD HOSPITALITY TRUST INC amended Advisory Agreement Limited Waiver with Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC valued at $13,063,844 (effective 2023-03-02).","evidence_excerpt":"On March 2, 2023, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) entered into a Limited Waiver Under Advisory Agreement (the “Advisory Agreement Limited Waiver”) with Ashford Hospitality Limited Partnership (the “Operating Partnership”), Ashford TRS Corporation (“TRS”), Ashford Inc. (“AINC”) and Ashford Hospitality Advisors LLC (together with AINC, the “Advisor”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1232582/000123258223000021/0001232582-23-000021-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Counterparty","value":"Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Inc., and Ashford Hospitality Advisors LLC"},{"label":"Value","value":"$13,063,844"},{"label":"Effective","value":"2023-03-02"}],"fact_type":"material_agreement"},{"claim_id":"e7ccd1c8ca11fb73a6ada038712dfda4a0dcc633","claim":"ASHFORD HOSPITALITY TRUST INC amended Limited Waiver to Credit Agreement with Oaktree Capital Management, L.P. (the Lenders) and Oaktree Fund Administration, LLC (Administrative Agent) valued at $30,000,000 aggregate limit (effective 2023-03-02).","evidence_excerpt":"On March 2, 2023, Ashford Trust and the Borrower entered into that certain Limited Waiver to Credit Agreement (the “Limited Waiver to Credit Agreement”) with the guarantors party thereto, the Lenders party thereto and the Administrative Agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1232582/000123258223000021/0001232582-23-000021-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Oaktree Capital Management, L.P. (the Lenders) and Oaktree Fund Administration, LLC (Administrative Agent)"},{"label":"Value","value":"$30,000,000 aggregate limit"},{"label":"Effective","value":"2023-03-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}