Business context and reporting period
Pebblebrook Hotel Trust, a hotel real estate investment trust, filed this Form 8-K on October 1, 2026, to report a Board of Trustees change and related compensation arrangements. This is not a periodic financial-results filing.
Board appointment and compensation
- Bill Bayless joined the Board on October 1, 2026; the Board had previously elected him on February 5, 2026. He will serve through the 2027 annual meeting of shareholders and until his successor is elected and qualified.
- The Board increased from seven to eight trustees to accommodate his appointment.
- Bayless will receive the same fees as the Company’s other independent trustees; the filing does not state the fee amounts. His first cash payment will be prorated from his start date.
- He received a one-time award of $50,000 in common shares, vesting in equal annual installments over three years, subject to continued Board service.
- The Company entered into a customary indemnification agreement providing for indemnification and advancement of expenses to the maximum extent permitted by Maryland law.
Financial results and outlook
The filing provides no revenue, profit, cash flow, margin, debt, liquidity, guidance, or operating outlook figures. It does not report a change to financial results or identify financial contingencies or unusual operating items.
Management and background
Bayless is CEO and Executive Chairman of Maslow’s Campus Communities. The filing cites more than 35 years of real estate experience and involvement in nearly $30 billion of transactions, including co-founding American Campus Communities and helping lead its approximately $13 billion sale to Blackstone in 2022.
Important facts for investors to verify
- Review the Company’s 2026 proxy statement for the cash-fee schedule applicable to independent trustees.
- Confirm the terms and vesting of the $50,000 share award and the applicable indemnification agreement in the referenced exhibits and prior filings.
- Consult the Company’s periodic filings for current operating and financial performance; this 8-K does not provide those metrics.