---
schema_version: "secwatch.filing_event.v1"
accession: "0001604738-23-000049"
form_type: "8-K"
ticker: null
cik: "0001604738"
company_name: "Ashford Inc."
filed_at: "2023-08-25T23:59:59+00:00"
generated_at: "2026-06-11T03:32:01.539471+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ashford Inc. amends CFO employment terms, raises salary to $700K; updates bylaws on nominations

## Summary
- CFO Deric Eubanks' base salary increased to $700K; term through Dec 31, 2026 with automatic one-year renewals.
- Cause definition expanded to include policy violations and material breaches; Company has sole discretion to determine.
- Severance modified: COBRA premium reimbursement for 18 months; life/LTD insurance premium reimbursement for 24 months.
- Non-solicitation extended to 2 years post-termination; new standstill clause prohibits M&A or proxy solicitation for 2 years.
- Bylaws amended to require compliance with SEC Rule 14a-19 for stockholder nominations; enhanced advance notice disclosures.

## SEC filing metadata
- accession: 0001604738-23-000049
- form_type: 8-K
- cik: 0001604738
- company_name: Ashford Inc.
- filed_at: 2023-08-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604738/000160473823000049/0001604738-23-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604738/000160473823000049/ainc-20230824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604738-23-000049
- JSON: https://secwatch.observer/filing/0001604738-23-000049.json
- Plain text: https://secwatch.observer/filing/0001604738-23-000049.txt

## Key facts
- Governance Changes
  Ashford Inc.: Amendments to Bylaws to update advance notice procedures, including compliance with Rule 14a-19 under the Exchange Act (effective 2023-08-24).
  - Change: bylaw amendment
  - Effective: 2023-08-24
  source text: On August 24, 2023, the Board of Directors (the “ Board ”) of the Company approved amendments to the Amended and Restated Bylaws of the Company (the “ Bylaws ”), effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604738/000160473823000049/0001604738-23-000049-index.htm

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