---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-26-000018"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:18:05.295893+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Braemar Hotels & Resorts director Bob Ghassemieh resigns after board finds him in breach of cooperation agreement

## Summary
- Board unanimously voted on Feb 20, 2026 that Ghassemieh breached the cooperation agreement, activating his August 2025 resignation letter.
- Ghassemieh denies breaches, claiming retaliation and citing governance concerns over conflicts with Ashford affiliates and a $480M termination fee.
- Ghassemieh's Feb 23, 2026 letter (Exhibit 99.1) also resigns, stating he cannot serve under current circumstances.
- Company provided Ghassemieh an opportunity to respond; any reply will be filed as an amendment.
- Ghassemieh was the sole independent director with a significant investment; no committee service at resignation.

## SEC filing metadata
- accession: 0001574085-26-000018
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000018/0001574085-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000018/bhr-20260220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-26-000018
- JSON: https://secwatch.observer/filing/0001574085-26-000018.json
- Plain text: https://secwatch.observer/filing/0001574085-26-000018.txt

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