Ashford Inc.
04/18/2024 | Press release | Distributed by Public on 04/18/2024 15:13
Management Change/Compensation - Form 8-K
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On April 17, 2024, J. Robison Hays, III, Senior Managing Director of Ashford Inc. ("Ashford" or the "Company"), gave notice of his intention to voluntarily resign from his employment and all other employment-related positions he holds with the Company and its subsidiaries, affiliated entities, and entities that it advises (including in his role as President and Chief Executive Officer at Ashford Hospitality Trust, Inc. ("Ashford Trust")). Mr. Hay's resignation is expected to be effective June 30, 2024.
On April 17, 2024, the board of directors of Ashford Trust appointed Stephen Zsigray to fill the role of President and Chief Executive Officer of Ashford Trust, effective June 30, 2024. There are no current plans to fill Mr. Hays' role as Senior Managing Director at Ashford.