Interim CEO Brian Ferdinand to step down; remains chairman after 10-K filing

LUXURBAN HOTELS INC.

Began as interim CEO Dec 20, 2024; led restructuring cutting ~$15.5M in liabilities.
Initiated litigation targeting up to $7.0M recovery; preparing to relaunch Hotel 46.
No new CEO appointed; operations continue under President Elster and CFO James.
Ferdinand forwent all compensation to extend operating runway toward profitability.
Company says reduced footprint and expenses should achieve near-term profitability.

item 5.02

Executive movements

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Role change

Brian Ferdinand

non-executive chairman

LUXURBAN HOTELS INC.

Filed: May 5, 2025, 7:59 PM ET

On May 1, 2025, Brian Ferdinand, Interim Chief Executive Officer of LuxUrban Hotels Inc. (the “Company”), notified the Board of Directors (the “Board”) of his intention to transition to non-executive chairman from Interim Chief Executive Officer, effective following the filing of the Company’s annual report on Form 10-K for the year ended December 31, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Ferdinand changed role as non-executive chairman at LUXURBAN HOTELS INC..

Action: transitioned
Role: non-executive chairman

Exact text from the filing

On May 1, 2025, Brian Ferdinand, Interim Chief Executive Officer of LuxUrban Hotels Inc. (the “Company”), notified the Board of Directors (the “Board”) of his intention to transition to non-executive chairman from Interim Chief Executive Officer, effective following the filing of the Company’s annual report on Form 10-K for the year ended December 31, 2024.

View on SEC.gov

Source: SEC EDGAR

accession 0001829126-25-003401

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