---
schema_version: "secwatch.filing_event.v1"
accession: "0001298946-24-000048"
form_type: "8-K"
ticker: "DRH"
cik: "0001298946"
company_name: "DiamondRock Hospitality Co"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:03:53.768228+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DiamondRock Q1 net income $8.4M; raises FY guidance; CEO Donnelly appointed

## Summary
- 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.

## SEC filing metadata
- accession: 0001298946-24-000048
- form_type: 8-K
- ticker: DRH
- cik: 0001298946
- company_name: DiamondRock Hospitality Co
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000048/0001298946-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000048/drh-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298946-24-000048
- JSON: https://secwatch.observer/filing/0001298946-24-000048.json
- Plain text: https://secwatch.observer/filing/0001298946-24-000048.txt

## Key facts
- Earnings Releases
  DiamondRock Hospitality Co updated its quarter ended March 31, 2024 guidance (raised).
  - Period: quarter ended March 31, 2024
  - Guidance: raised
  - Result: reported results
  source text: On May 2, 2024, DiamondRock Hospitality Company (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000048/0001298946-24-000048-index.htm
- Executive change
  Jeffrey J. Donnelly was appointed as Director at DiamondRock Hospitality Co.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000048/0001298946-24-000048-index.htm
- Shareholder Votes
  DiamondRock Hospitality Co shareholders approved Election of Directors at the 2024-05-01 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-05-01
  source text: 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:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000048/0001298946-24-000048-index.htm
- Shareholder Votes
  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
  source text: 2. The Company’s stockholders approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000048/0001298946-24-000048-index.htm
- Shareholder Votes
  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
  source text: 4. The Company’s stockholders approved the 2024 Plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000048/0001298946-24-000048-index.htm
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000048/0001298946-24-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.