secwatch.observer — SEC 8-K summary
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Issuer:     LUXURBAN HOTELS INC. (—)
CIK:        0001893311
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001829126-24-002693
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LuxUrban Hotels appoints Elan Blutinger Non-Executive Chairman, Andrew Schwartz to board, Kothari named sole CEO
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- Elan Blutinger named Non-Executive Chairman; receives $100K annual cash fee and 250K shares annual grant (3-year vesting).
- Shanoop Kothari promoted from co-CEO to sole CEO as planned; retains existing employment terms.
- Founder Brian Ferdinand steps down as Chairman and co-CEO, becomes consultant with monthly fee of $50K for 3-year term.
- Andrew Schwartz, former Silver Point Capital MD, elected to board; board expands to 7 with 6 independents.
- Company adopted amended clawback policy in April 2024 with immaterial clarifying provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/0001829126-24-002693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/luxurban_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-002693

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