Business Context and Reporting Period
This Form 8-K is a current report filed by Apple REIT Nine, Inc. (a subsidiary of Apple Hospitality REIT, Inc.) on April 30, 2008. The filing reports the election of new directors by the sole shareholder of the registrant.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
The material change reported is the election of four new directors to the board of Apple REIT Nine, Inc. on April 30, 2008:
- Lisa B. Kern (Term until 2009 Annual Meeting)
- Bruce H. Matson (Term until 2009 Annual Meeting)
- Michael S. Waters (Term until 2010 Annual Meeting)
- Robert M. Wily (Term until 2010 Annual Meeting)
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. The document is limited to the disclosure of the director elections and biographical summaries of the new appointees.
Key Facts for Investor Verification
- Verify the specific terms of office for the newly elected directors (2009 vs. 2010).
- Confirm the professional backgrounds of the new directors, particularly their existing roles with other Apple REIT entities (Six, Seven, and Eight).
- Note that this filing does not impact the company's financial statements or operational metrics.