DiamondRock Hospitality Co. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by DiamondRock Hospitality Company on March 1, 2013, covering events occurring on February 28, 2013. The filing primarily addresses Regulation FD disclosure regarding an investor presentation and the declaration of a quarterly dividend.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric disclosed is the declaration of a quarterly dividend of $0.085 per share.
Material Changes
No material changes to financial performance or operations are detailed in this specific filing. The document serves to announce the dividend declaration and the availability of an investor presentation.
Guidance, Outlook, and Other Events
- Dividend Declaration: The Board of Directors declared a quarterly dividend of $0.085 per share.
- Record Date: The effective record date is March 28, 2013 (adjusted from March 31, 2013, due to the NYSE holiday).
- Payment Date: Dividends are payable on April 12, 2013.
- Investor Presentation: A slide presentation intended for an investor conference is attached as Exhibit 99.1 and posted on the company website. This information is furnished under Regulation FD and is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the ex-dividend date to ensure eligibility for the $0.085 per share payment.
- Review the attached Exhibit 99.1 (Investor Presentation March 2013) for detailed operational metrics and outlook not included in this summary.
- Confirm the payment date of April 12, 2013, for cash flow planning.