Braemar Hotels & Resorts announced its intention to nominate a new slate of eight directors for its 2026 Annual Meeting of Stockholders. This represents a significant board refreshment, with seven of the eight nominees being new and independent, a move that follows the termination of its external advisory relationship with Ashford Inc.
Key Details
- Board Composition: The proposed slate includes seven new independent nominees and the company's current CEO, Richard J. Stockton. All incumbent directors tied to the former external advisor, Ashford Inc., are stepping down.
- Nominees: The eight individuals nominated for election are Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin M. Luebbers, Gail P. Steinel, Richard J. Stockton, and Stephen W. Theriot.
- Governance Change: The company noted this action reflects its commitment to independent, stockholder-focused governance as it transitions to a self-managed company. The new board intends to select an independent Chairman after the election.