8-K - Ashford Hospitality Trust, Inc. | StockGist

AI Analysis

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Ashford Hospitality Trust, Inc. announced the termination of Deric Eubanks as Chief Financial Officer effective March 31, 2026, with Justin Coe appointed as principal financial officer. Ashford Advisors agreed to pay Eubanks $1,796,000 in monthly installments, allow vesting of $3,316,223 in deferred cash grants, maintain 2025 bonus eligibility, and provide $200,000 for transition services through June 30, 2026.

Key Takeaways

1Deric Eubanks terminates as CFO of Ashford Hospitality Trust, Inc., Ashford Advisors, and Braemar effective March 31, 2026.

2Justin Coe, current Chief Accounting Officer, appointed principal financial officer effective March 31, 2026.

3Ashford Advisors to pay Eubanks $1,796,000 in 12 monthly installments starting April 2026.

4Eubanks' $3,316,223 deferred cash grants continue vesting subject to compliance and consulting up to 40 hours/month.

5Eubanks eligible for 2025 cash incentive bonus aligned with other executives.

6$200,000 transition payment for part-time services up to 20 hours/week through June 30, 2026.

Current Report Details

Event Type

Management Change

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On March 5, 2

Management Change

9.01

FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description 99.1 Release and Waiver, by and between Ashford Hospitality Advisors, LLC and Deric Eu

Exhibits Only

Executive & Director Changes

Deric Eubanks

Chief Financial Officer

Termination

Effective: 2026-03-31

Voluntary termination without Good Reason

Justin Coe

Principal Financial Officer

Appointment

Effective: 2026-03-31

Exhibits (2)

8-K

FORM 8-K

99.1

EXHIBIT 99.1