Current Report Filing (8-k)
May 04 2020 - 06:30AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): May 2, 2020
BRAEMAR HOTELS & RESORTS INC.
(Exact name of registrant as specified in its charter)
Maryland |
001-35972 |
46-2488594 |
(State or other jurisdiction of
incorporation or organization) |
(Commission file number) |
(I.R.S. Employer Identification
Number) |
14185 Dallas Parkway, Suite 1100
Dallas, Texas
|
|
75254 |
(Address of principal executive
offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: (972)
490-9600
N/A
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
¨ |
|
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
¨ |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
¨ |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of
1933(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
Common Stock |
|
BHR |
|
New York Stock Exchange |
Preferred Stock, Series B |
|
BHR-PB |
|
New York Stock Exchange |
Preferred Stock, Series D |
|
BHR-PD |
|
New York Stock Exchange |
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE
AGREEMENT.
As disclosed in the Form 8-Ks of Braemar Hotels & Resorts Inc.
(the “Company”) dated April 15, 2020 and April 20, 2020, certain
subsidiaries of the Company applied for and received loans from Key
Bank, N.A. under the Paycheck Protection Program (“PPP”) which was
established under the Coronavirus Aid, Relief, and Economic
Security Act (the “CARES Act”). On May 2, 2020, the Company
announced that it would return all funds borrowed under the PPP on
or before May 7, 2020.
ITEM 7.01 REGULATION FD DISCLOSURE.
On May 2, 2020, the Company issued a press release announcing that
it would return the PPP loans. The press release is attached hereto
as Exhibit 99.1.
The information in this Form 8-K and Exhibit attached hereto shall
not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, except as
shall be expressly set forth by specific reference in such
filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibit
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
|
BRAEMAR
HOTELS & RESORTS INC. |
|
|
|
By: |
/s/
Deric S. Eubanks |
|
|
Deric
S. Eubanks |
|
|
Chief
Financial Officer |
Date: May 4, 2020
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