other material
confidence high
sentiment neutral
materiality 0.40
Chatham Lodging Board rejects director Crocker's resignation after 50.46% withheld vote; commits to governance changes
Chatham Lodging Trust
- Thomas J. Crocker received 50.46% withheld votes; tendered resignation per majority voting policy.
- Board determined resignation detrimental and rejected it; Crocker continues as trustee.
- Board will submit binding bylaw amendment proposal at 2022 annual meeting.
- Board appointed two new trustees on Aug 9, 2021 to enhance diversity and skillsets.