Senior Managing Director J. Robison Hays III resigns; enters consulting agreement with $1.9M payout

Ashford Inc.

Resignation effective June 30, 2024; he continues as AHT board member.
Consulting agreement for 36 months; total payment of $1,909,167 in equal monthly installments.
Continued vesting of equity awards; non-compete extended to 2 years post-termination.
Company reimburses health, dental, vision, life, and LTD insurance for up to 36 months.
36-month standstill: cannot acquire securities of Ashford entities without prior consent.

item 5.02 item 9.01

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Departed

J. Robison Hays, III

Senior Managing Director

Ashford Inc.

Effective: 2024-06-30
Filed: July 3, 2024, 7:59 PM ET

As previously disclosed by Ashford Inc. (the “ Company ”), on April 17, 2024, J. Robison Hays, III, Senior Managing Director of the Company, gave notice of his intention to voluntarily resign from his employment and all other employment-related positions he holds with the Company and its subsidiaries, affiliated entities, and entities that it advises (including in his role as President and Chief Executive Officer at Ashford Hospitality Trust, Inc. (“ Ashford Trust ”)).

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Executive change SEC 8-K Item 5.02 confidence 0.95

J. Robison Hays, III resigned as Senior Managing Director at Ashford Inc..

Action: resigned
Role: Senior Managing Director

Exact text from the filing

As previously disclosed by Ashford Inc. (the “ Company ”), on April 17, 2024, J. Robison Hays, III, Senior Managing Director of the Company, gave notice of his intention to voluntarily resign from his employment and all other employment-related positions he holds with the Company and its subsidiaries, affiliated entities, and entities that it advises (including in his role as President and Chief Executive Officer at Ashford Hospitality Trust, Inc. (“ Ashford Trust ”)).

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Source: SEC EDGAR

accession 0001604738-24-000043

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