Braemar Hotels reduces quorum for 2023 annual meeting to one-third

Braemar Hotels & Resorts Inc.

Bylaw Amendment lowers quorum from majority to at least one-third of votes entitled to be cast, effective Feb 23, 2023.
Change applies solely to the 2023 annual meeting and any postponements or adjournments.
Reason: retail brokers' policies limiting discretionary votes and increased retail holder base caused declining quorum.
Adopted by unanimous written consent of the board of directors.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Braemar Hotels & Resorts Inc.: Reduced quorum requirement for 2023 annual meeting from a majority to at least one-third of votes entitled to be cast (effective 2023-02-23).

Change: bylaw amendment
Effective: 2023-02-23

Exact text from the filing

The Bylaw Amendment reduced the Quorum Requirement solely for the 2023 annual meeting from a majority to at least one-third of all votes entitled to be cast at such meeting, as permitted under the Maryland General Corporation Law.

View on SEC.gov

Browse all governance changes →

Braemar Hotels & Resorts Inc. filing history →

Source: SEC EDGAR

accession 0001574085-23-000026

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.