{"schema_version":"secwatch.filing_event.v1","accession":"0001604738-24-000010","form_type":"8-K","ticker":null,"cik":"0001604738","company_name":"Ashford Inc.","filed_at":"2024-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.785233+00:00","generated_at":"2026-06-04T17:17:29.379182+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ashford Inc. amends advisory agreement with Ashford Trust; reduces net worth covenant to $750M","bullets":["Tangible net worth covenant reduced from $1B to $750M plus 75% of net equity proceeds.","No additional payments to Advisor from Remington/Premier management amendments until Oaktree facility repaid; then limited to $2M/year for 2 years.","Portfolio Company Fee payable upon certain loan defaults leading to foreclosure of Ashford Trust hotel properties.","Termination fee revised to include minimum amount; Change of Control and voting control event criteria revised."],"urls":{"canonical":"https://secwatch.observer/filing/0001604738-24-000010","json":"https://secwatch.observer/filing/0001604738-24-000010.json","markdown":"https://secwatch.observer/filing/0001604738-24-000010.md","text":"https://secwatch.observer/filing/0001604738-24-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604738/000160473824000010/0001604738-24-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604738/000160473824000010/ainc-20240312.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T17:17:29.379182+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c92d7c9870974d2a4ba326af48fc0353661a9a78","claim":"Ashford Inc. entered into Third Amended and Restated Advisory Agreement with Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Hospitality Advisors LLC valued at Advisory agreement with revised terms (effective 2024-03-12).","evidence_excerpt":"On March 12, 2024, Ashford Inc. (the “ Company ”) entered into the Third Amended and Restated Advisory Agreement (the “ Advisory Agreement ”) with Ashford Hospitality Trust, Inc. (“ Ashford Trust ”), Ashford Hospitality Limited Partnership (the “ Operating Partnership ”), Ashford TRS Corporation (“ Ashford TRS ”) and Ashford Hospitality Advisors LLC (together with the Company, the “ Advisor ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604738/000160473824000010/0001604738-24-000010-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Hospitality Advisors LLC"},{"label":"Value","value":"Advisory agreement with revised terms"},{"label":"Effective","value":"2024-03-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}