Braemar Hotels & Resorts Inc. announced the appointment of Bob Ghassemieh as a new member of the Company's Board of Directors.
This appointment is a result of a cooperation agreement with the Ghassemieh Group, who collectively owns about 7.3% of the Company's outstanding common stock.
The Agreement includes certain standstill, voting, and other provisions, demonstrating collaborative efforts between Braemar and the Ghassemieh Group.
New Board Member
Bob Ghassemieh appointed as a new member of Braemar's Board of Directors.
Cooperation Agreement
Agreement with the Ghassemieh Group, owning approximately 7.3% of Braemar's common stock.
Legal Counsel
White & Case LLP representing Braemar and Olshan Frome Wolosky LLP representing the Ghassemieh Group.
- The appointment strengthens the Board of Directors with valuable expertise from the Ghassemieh Group.
- The Agreement signifies positive collaboration and mutual interests between Braemar and the Ghassemieh Group.
The expansion of the Board of Directors and the cooperation agreement highlight Braemar's commitment to strategic partnerships and stakeholder interests.