Braemar Hotels & Resorts Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated July 3, 2018, details the results of Braemar Hotels & Resorts Inc.'s Annual Meeting of Stockholders held on that date. The report covers the voting outcomes for director elections and the ratification of independent auditors.
Key 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 events rather than financial performance.
Material Changes and Voting Results
As of the record date (May 15, 2018), there were 32,505,238 shares of common stock outstanding. Approximately 83% of eligible voting shares (27,107,738 shares) were represented at the meeting.
Proposal 1: Election of Directors
Stockholders elected six nominees to the Board of Directors. The voting results were as follows:
| Director Name | For | Withheld | Non-votes |
|---|---|---|---|
| Monty J. Bennett | 19,072,677 | 1,903,430 | 6,131,631 |
| Stefani D. Carter | 15,439,620 | 5,536,487 | 6,131,631 |
| Kenneth H. Fearn | 20,633,188 | 342,919 | 6,131,631 |
| Curtis B. McWilliams | 20,615,733 | 360,374 | 6,131,631 |
| Matthew D. Rinaldi | 15,679,572 | 5,296,535 | 6,131,631 |
| Abteen Vaziri | 20,846,395 | 129,712 | 6,131,631 |
Proposal 2: Ratification of Auditors
Stockholders approved the appointment of BDO USA, LLP as the independent auditor for the fiscal year ending December 31, 2018.
- For: 26,986,779
- Against: 54,839
- Abstain: 66,120
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the total number of shares outstanding (32,505,238) and the percentage of shares represented at the meeting (approx. 83%).
- Note the significant number of "Withheld" votes for directors Stefani D. Carter and Matthew D. Rinaldi compared to other nominees.
- Confirm the ratification of BDO USA, LLP as the independent auditor for the 2018 fiscal year.
- Review subsequent filings for financial performance data, as this 8-K contains no financial metrics.