Lodging Fund REIT III CEO resigns; Norman Leslie appointed as CEO and Secretary

Lodging Fund REIT III, Inc.

Corey R. Maple resigned as CEO and Secretary on May 19, 2023; remains Chairman of the Board.
Norman H. Leslie, age 56, appointed CEO and Secretary effective May 19, 2023; retains President, CIO, Treasurer roles.
Leslie co-owns external advisor Legendary Capital REIT III with Maple; related-party transactions disclosed including fees.
A-1 Bonds line of credit increased to $13.3M; $10.7M outstanding as of May 25, 2023.
NHS, majority-owned by Leslie, provides management services; company made $600K loan to NHS at 7% interest.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Norman H. Leslie

Chief Executive Officer

Lodging Fund REIT III, Inc.

Effective: 2023-05-19
Filed: May 25, 2023, 7:59 PM ET

On May 19, 2023, the Company’s Board of Directors appointed Mr. Norman H. Leslie, age 56, as the Company’s Chief Executive Officer, effective immediately.

Departed

Corey R. Maple

Chief Executive Officer and Secretary

Lodging Fund REIT III, Inc.

Effective: 2023-05-19
Successor: Norman H. Leslie
Filed: May 25, 2023, 7:59 PM ET

On May 19, 2023, Mr. Corey R. Maple tendered his resignation, effective May 19, 2023, as Chief Executive Officer and Secretary of Lodging Fund REIT III, Inc.

Appointed

Norman H. Leslie

Secretary

Lodging Fund REIT III, Inc.

Effective: 2023-05-19
Filed: May 25, 2023, 7:59 PM ET

The Company’s Board of Directors also appointed Mr. Leslie as the Company’s Secretary, effective May 19, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Norman H. Leslie was appointed as Chief Executive Officer at Lodging Fund REIT III, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 19, 2023, the Company’s Board of Directors appointed Mr. Norman H. Leslie, age 56, as the Company’s Chief Executive Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Corey R. Maple resigned as Chief Executive Officer and Secretary at Lodging Fund REIT III, Inc..

Action: resigned
Role: Chief Executive Officer and Secretary

Exact text from the filing

On May 19, 2023, Mr. Corey R. Maple tendered his resignation, effective May 19, 2023, as Chief Executive Officer and Secretary of Lodging Fund REIT III, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Norman H. Leslie was appointed as Secretary at Lodging Fund REIT III, Inc..

Action: appointed
Role: Secretary

Exact text from the filing

The Company’s Board of Directors also appointed Mr. Leslie as the Company’s Secretary, effective May 19, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0001558370-23-010484

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