8-K
filed March 5, 2024, 6:59 PM ET
CIK 0001893311
leadership
confidence high
sentiment neutral
materiality 0.65
LuxUrban restructures board and appoints COO, CFO after director exits
LUXURBAN HOTELS INC.
- David Berg resigned voluntarily from board on Feb 28; Don Engle passed away on Mar 1.
- Robert Arigo appointed COO; base salary $375K, $100K signing bonus, 250K restricted shares.
- Shanoop Kothari becomes sole CEO and acting CFO; base salary reduced to $600K from prior.
- Brian Ferdinand transitions to Executive Chairman by June 1; salary reduced by $375K.
- Jimmie Chatmon named Director of Revenue Management; Brandon Elster named Chief Development Officer.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert Arigo was appointed as Chief Operating Officer at LUXURBAN HOTELS INC..
- Action
- appointed
- Role
- Chief Operating Officer
Exact text from the filing
we have appointed Robert Arigo as our Chief Operating Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Jimmie Chatmon was appointed as Director of Revenue Management at LUXURBAN HOTELS INC..
- Action
- appointed
- Role
- Director of Revenue Management
Exact text from the filing
Jimmie Chatmon as our Director of Revenue Management
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian Ferdinand changed role as Executive Chairman at LUXURBAN HOTELS INC..
- Action
- transitioned
- Role
- Executive Chairman
Exact text from the filing
Brian Ferdinand, will transition during the period starting March 1, 2024 and ending on May 31, 2024 from the dual offices of Chairman of the Board and Chief Executive Officer to the sole role of Executive Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Berg resigned as Director at LUXURBAN HOTELS INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
we have accepted the voluntary resignation of David Berg as a director.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Don Engle departed as Director at LUXURBAN HOTELS INC..
- Action
- passed away
- Role
- Director
Exact text from the filing
In light of the passing of Don Engle, a member of our board of directors, as described herein
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Brandon Elster was appointed as Chief Development Officer at LUXURBAN HOTELS INC..
- Action
- appointed
- Role
- Chief Development Officer
Exact text from the filing
Brandon Elster as our Chief Development Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shanoop Kothari changed role as Chief Executive Officer and acting Chief Financial Officer at LUXURBAN HOTELS INC..
- Action
- became
- Role
- Chief Executive Officer and acting Chief Financial Officer
Exact text from the filing
Shanoop Kothari, will become sole Chief Executive Officer and acting Chief Financial Officer
View on SEC.gov
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