---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-23-000110"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:09:58.767459+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Braemar Hotels CAO Mark Nunneley steps down; Justin Coe appointed effective Jan 1, 2024

## Summary
- Mark Nunneley resigns as CAO effective Dec 31, 2023, moves to Senior Managing Director at Ashford Inc.
- Justin Coe (age 40), SVP of Accounting at Advisor, named CAO effective Jan 1, 2024.
- Coe previously oversaw accounting for Braemar, Ashford Hospitality Trust, and other Advisor platforms.
- Nunneley's Letter Agreement provides $400K base salary and a special termination payment equal to base plus average 2021-2023 bonus.
- Nunneley remains eligible for 2023 incentive compensation under existing employment agreement.

## SEC filing metadata
- accession: 0001574085-23-000110
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408523000110/0001574085-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408523000110/bhr-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-23-000110
- JSON: https://secwatch.observer/filing/0001574085-23-000110.json
- Plain text: https://secwatch.observer/filing/0001574085-23-000110.txt

## Key facts
- Executive change
  Justin Coe was appointed as Chief Accounting Officer at Braemar Hotels & Resorts Inc..
  - Action: appointed
  - Role: Chief Accounting Officer
  source text: On December 7, 2023, Justin Coe, the current Senior Vice President of Accounting of Advisor, was appointed to fill the role of Chief Accounting Officer at the Company, effective January 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408523000110/0001574085-23-000110-index.htm
- Executive change
  Mark Nunneley resigned as Chief Accounting Officer at Braemar Hotels & Resorts Inc..
  - Action: resigned
  - Role: Chief Accounting Officer
  source text: On December 5, 2023, Mark Nunneley, Chief Accounting Officer of Braemar Hotels & Resorts Inc. (the “ Company ”), announced to the Board of Directors (the “ Board ”) of the Company his intention to voluntarily step down from his role as the Chief Accounting Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408523000110/0001574085-23-000110-index.htm

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