secwatch.observer — SEC 8-K summary
======================================

Issuer:     LUXURBAN HOTELS INC. (—)
CIK:        0001893311
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001829126-24-001329
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LuxUrban restructures board and appoints COO, CFO after director exits
----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624001329/0001829126-24-001329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624001329/luxurban_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-001329

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer