SEC Filing Summary: Ashford Hospitality Prime, Inc.
Business Context and Reporting Period
This Form 8-K was filed by Ashford Hospitality Prime, Inc. on February 21, 2017, reporting events occurring on February 20, 2017. The filing addresses corporate governance changes regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 5.02 regarding officer and director departures.
Material Changes
Mr. Douglas A. Kessler informed the Board of Directors that he will not stand for re-election at the 2017 Annual Meeting of Stockholders. This departure is not the result of a disagreement with the Company or the Board.
Outlook and Management Commentary
Mr. Kessler's decision to leave the Board is directly connected to his appointment as Chief Executive Officer of Ashford Hospitality Trust, Inc. No financial guidance, risks, or contingencies are disclosed in this specific filing.
Key Facts for Investor Verification
- Mr. Douglas A. Kessler will not seek re-election to the Board of Ashford Hospitality Prime, Inc.
- The departure is due to his new role as CEO of Ashford Hospitality Trust, Inc.
- No disagreement exists between Mr. Kessler and the Company regarding this transition.
- This filing contains no financial performance data.