8-K
filed May 2, 2024, 7:59 PM ET
ticker DRH
CIK 0001298946
earnings
confidence high
sentiment neutral
materiality 0.65
DiamondRock Q1 net income $8.4M; raises FY guidance; CEO Donnelly appointed
DiamondRock Hospitality Co
2024-Q1 EPS reported
$0.03
revenue$256,423,000
- Net income $8.4M ($0.03 EPS); comparable total revenues $256.4M (+3.8% YoY).
- Comparable RevPAR $184.23 (-0.4% YoY); Hotel Adj. EBITDA margin 23.95% (-169 bps).
- Adjusted FFO $36.0M ($0.17/diluted share); company raises full-year earnings guidance.
- Jeffrey Donnelly named CEO (Apr 15); Briony Quinn CFO; Justin Leonard President; executive team reduced to 4.
- Stockholders approved 2024 Equity Incentive Plan (7.9M shares) and elected 7 directors.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.6
DiamondRock Hospitality Co updated its quarter ended March 31, 2024 guidance (raised).
- Period
- quarter ended March 31, 2024
- Guidance
- raised
- Result
- reported results
Exact text from the filing
On May 2, 2024, DiamondRock Hospitality Company (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey J. Donnelly was appointed as Director at DiamondRock Hospitality Co.
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective as of May 2, 2024, the Board approved an increase in the size of the Board from seven members to eight members and unanimously appointed Jeffrey J. Donnelly, the Company’s Chief Executive Officer, to fill the newly created vacancy.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
DiamondRock Hospitality Co shareholders approved Election of Directors at the 2024-05-01 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-01
Exact text from the filing
1. The following directors were elected to the Company’s Board of Directors (constituting the entire Board of Directors) to serve until the 2025 annual meeting of stockholders and until their respective successors are duly elected and qualified:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
DiamondRock Hospitality Co shareholders approved Advisory vote to approve the compensation of the Company’s named executive officers at the 2024-05-01 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-01
Exact text from the filing
2. The Company’s stockholders approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
DiamondRock Hospitality Co shareholders approved Approval of the DiamondRock Hospitality Company 2024 Equity Incentive Plan at the 2024-05-01 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-01
Exact text from the filing
4. The Company’s stockholders approved the 2024 Plan.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
DiamondRock Hospitality Co shareholders approved Ratification of appointment of KPMG LLP as independent auditor at the 2024-05-01 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-01
Exact text from the filing
3. The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent auditor for the fiscal year ending December 31, 2024.
View on SEC.gov
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.