secwatch.observer — SEC 8-K summary
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Issuer:     Braemar Hotels & Resorts Inc. (BHR)
CIK:        0001574085
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001574085-23-000110
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574085/000157408523000110/0001574085-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574085/000157408523000110/bhr-20231205.htm
  HTML page:      https://secwatch.observer/filing/0001574085-23-000110

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