---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-23-000026"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:39:36.794664+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001574085-23-000026
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408523000026/0001574085-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408523000026/bhr-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-23-000026
- JSON: https://secwatch.observer/filing/0001574085-23-000026.json
- Plain text: https://secwatch.observer/filing/0001574085-23-000026.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408523000026/0001574085-23-000026-index.htm

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