Business Context and Reporting Period
This Form 8-K Current Report was filed by Chatham Lodging Trust on February 26, 2016. The filing reports corporate governance changes and the scheduling of the 2016 Annual Meeting of Shareholders.
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 events and does not contain financial performance data.
Material Changes
- Board Composition: Independent Trustee Joel F. Zemans notified the board of his intention to retire at the end of his current term, expiring at the 2016 Annual Meeting in May 2016. The board confirmed his departure was not due to any disagreement with the Company.
- Board Size Reduction: The board voted to reduce the authorized size of the board of trustees from nine to eight, effective at the 2016 Annual Meeting.
Outlook, Risks, and Corporate Events
- Annual Meeting: The 2016 Annual Meeting of Shareholders is scheduled for May 19, 2016, at 9:00 a.m. EDT.
- Record Date: The record date for shareholders entitled to vote is set for March 15, 2016.
- Risks/Contingencies: No specific risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Verify the exact date of the 2016 Annual Meeting (May 19, 2016) and the record date (March 15, 2016) for voting eligibility.
- Confirm the reduction of the board size from nine to eight trustees effective at the upcoming annual meeting.
- Note that Joel F. Zemans' retirement is voluntary and not related to any disagreement with the Company.