CEO J. Robison Hays III resigns effective June 30; enters 36-month consulting agreement

ASHFORD HOSPITALITY TRUST INC

Hays will receive $1,909,167 in 36 monthly payments for consulting services through June 2027.
Hays remains on AHT board until next annual meeting or earlier departure.
Non-compete extended to 2 years post-termination; non-solicitation to 3 years.
Hays receives continued vesting of equity awards during the consulting period.
Standstill bars Hays from acquiring securities of Ashford entities for 36 months.

item 5.02 item 9.01

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Departed

J. Robison Hays, III

President and Chief Executive Officer

AHT · ASHFORD HOSPITALITY TRUST INC

Effective: 2024-06-30
Filed: July 3, 2024, 7:59 PM ET

As previously disclosed by Ashford Hospitality Trust, Inc. (the “ Company ”), on April 17, 2024, J. Robison Hays, III, President and Chief Executive Officer of the Company, gave notice of his intention to voluntarily resign from his employment and all other employment-related positions he holds with the Company’s advisor, Ashford Inc., and its subsidiaries, affiliated entities, and entities that it advises (including the Company).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

J. Robison Hays, III resigned as President and Chief Executive Officer at ASHFORD HOSPITALITY TRUST INC.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

As previously disclosed by Ashford Hospitality Trust, Inc. (the “ Company ”), on April 17, 2024, J. Robison Hays, III, President and Chief Executive Officer of the Company, gave notice of his intention to voluntarily resign from his employment and all other employment-related positions he holds with the Company’s advisor, Ashford Inc., and its subsidiaries, affiliated entities, and entities that it advises (including the Company).

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Source: SEC EDGAR

accession 0001232582-24-000089

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