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 14, 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 5.07 Submission of Matters to a Vote of Security Holders.

 

(a) On May 14, 2020, Braemar Hotels & Resorts Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). As of March 20, 2020, the record date for the Annual Meeting, there were 33,519,263 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 25,668,905 shares, or approximately 76.57% of the eligible voting shares, were represented either in person or by proxy.

 

(b) At the Annual Meeting, the stockholders voted on the following items:

 

1. Proposal 1 – To elect seven nominees to the Board of Directors to hold office until the next annual meeting of stockholders and until their successors are elected and qualified. The following nominees were elected to the Company's Board of Directors (constituting the entire Board of Directors), with the voting results for each nominee as shown:

 

                Broker  
Name   For     Withheld     Non-votes  
Monty J. Bennett     19,215,410       2,541,022       3,912,473  
Stefani D. Carter     16,863,707       4,892,725       3,912,473  
Candace Evans     21,645,369       111,063       3,912,473  
Kenneth H. Fearn, Jr.     21,524,035       232,397       3,912,473  
Curtis B. McWilliams     21,066,008       690,424       3,912,473  
Matthew D. Rinaldi     21,059,934       696,498       3,912,473  
Abteen Vaziri     17,652,141       4,104,291       3,912,473  

 

2. Proposal 2 – To obtain advisory approval of the Company’s executive compensation. This proposal was approved by the votes indicated below:

 

For     Against     Abstain     Broker
Non-votes		  
  20,894,105       827,148       35,179       3,912,473  

 

3. Proposal 3 – To recommend the frequency of advisory votes on the Company’s executive compensation. “1 Year” was approved by the votes indicated below:

 

1 Year     2 Years     3 Years     Abstain     Broker
Non-votes		  
  20,710,374       12,077       997,137       36,844       3,912,473  

 

Based on these voting results, the Company will hold an advisory vote on executive compensation every year until the next stockholder vote on the frequency of votes on executive compensation. A stockholder vote on the frequency of votes on executive compensation is required to be held at least once every six years.

 

4. Proposal 4 – To ratify the appointment of BDO USA, LLP, a national public accounting firm, as the Company's independent auditors for the fiscal year ending December 31, 2020. This proposal was approved by the votes indicated below:

 

For     Against     Abstain  
  25,564,294       68,590       36,021  

 

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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/ Robert G. Haiman
    Robert G. Haiman
    Executive Vice President, General Counsel & Secretary

 

Date: May 19, 2020

 

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