---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-26-000045"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2026-03-17T23:59:59+00:00"
generated_at: "2026-05-15T10:27:01.816400+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Limited waiver allows Braemar to award cash incentives to advisor employees in H1 2026

## Summary
- Limited Waiver with Ashford Inc. and Ashford Hospitality Advisors permits cash incentive awards to advisor employees in Q1/Q2 2026.
- Waiver removes Advisory Agreement limitations on cash compensation; effective only for first two quarters of calendar 2026.
- Adopted Deferred Cash Award Agreements with vesting in 12 equal quarterly installments starting April 1, 2026.
- Cash awards are at Company's discretion and expense; no permanent change to compensation structure.

## SEC filing metadata
- accession: 0001574085-26-000045
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2026-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000045/0001574085-26-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000045/bhr-20260313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-26-000045
- JSON: https://secwatch.observer/filing/0001574085-26-000045.json
- Plain text: https://secwatch.observer/filing/0001574085-26-000045.txt

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