---
schema_version: "secwatch.filing_event.v1"
accession: "0001604738-24-000043"
form_type: "8-K"
ticker: null
cik: "0001604738"
company_name: "Ashford Inc."
filed_at: "2024-07-03T23:59:59+00:00"
generated_at: "2026-05-31T23:29:15.145857+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001604738-24-000043
- form_type: 8-K
- cik: 0001604738
- company_name: Ashford Inc.
- filed_at: 2024-07-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604738/000160473824000043/0001604738-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604738/000160473824000043/ainc-20240630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604738-24-000043
- JSON: https://secwatch.observer/filing/0001604738-24-000043.json
- Plain text: https://secwatch.observer/filing/0001604738-24-000043.txt

## Key facts
- Executive change
  J. Robison Hays, III resigned as Senior Managing Director at Ashford Inc..
  - Action: resigned
  - Role: Senior Managing Director
  source text: 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 ”)).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604738/000160473824000043/0001604738-24-000043-index.htm

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