LuxUrban Hotels COO Robert Arigo departs; CEO Brian Ferdinand forgoes salary

LUXURBAN HOTELS INC.

COO Robert Arigo terminated by mutual agreement without cause; receives $50,000 severance in 10 weekly $5,000 instalments.
Company to repay Arigo's $67,847.78 promissory note by April 18, 2025.
Arigo will assist as independent contractor in vendor audit; eligible for 50% of net recovery.
CEO Brian Ferdinand voluntarily foregoes all future salary and company benefits effective April 15, 2025 to cut costs.

item 5.02 item 9.01

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Departed

Robert Arigo

Chief Operating Officer

LUXURBAN HOTELS INC.

Effective: 2025-04-11
Filed: April 17, 2025, 7:59 PM ET

Mr. Arigo’s employment with the Company terminated by mutual agreement without cause.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Arigo departed as Chief Operating Officer at LUXURBAN HOTELS INC..

Action: terminated by mutual agreement without cause
Role: Chief Operating Officer

Exact text from the filing

Mr. Arigo’s employment with the Company terminated by mutual agreement without cause.

View on SEC.gov

Source: SEC EDGAR

accession 0001829126-25-002740

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