Company: BHR-PD
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0001574085-25-000040
Chunk: 14

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 14
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 Committee. In 2016, the Board added the Related Party Transactions Committee as a standing committee of the Board. Each of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee is governed by a written charter that has been approved by the Board. A copy of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee charters can be found on our website at www.bhrreit.com by clicking the "INVESTOR" tab, then the "CORPORATE GOVERNANCE" tab and then the "Governance Documents" link. The contents of our website are not, however, a part of this report.

The members of our Audit Committee are Rebecca Musser (chair), Rebeca Odino-Johnson and Candace Evans. All of the members of the Audit Committee have been determined by our Board to be independent at all pertinent times, including under the heightened independence standards for members of audit committees of boards of directors. Ms. Musser qualifies as an “audit committee financial expert,” as defined by the applicable rules and regulations of the Exchange Act. All of the members of our Audit Committee are “financially literate” under the NYSE listing standards. The Audit Committee met a total of five times in 2024.

The members of our Compensation Committee are Matthew D. Rinaldi (chair) and Jay H. Shah. Both of the members of the Compensation Committee have been determined by our Board to be independent at all pertinent times, including under the heightened standards for members of the compensation committees of boards of directors. The Compensation Committee met a total of three times in 2024.

The members of our Nominating and Corporate Governance Committee are Stefani D. Carter (chair) and Candace Evans. Both of the members of the Nominating and Corporate Governance Committee have been determined by our Board to be independent at all pertinent times. The Nominating and Corporate Governance Committee met a total of four times in 2024.

The members of our Related Party Transactions Committee are Rebeca Odino-Johnson (chair), Matthew D. Rinaldi and Stefani D. Carter. The Related Party Transactions Committee has the authority to review any transaction in which our officers, directors, Ashford Inc. or Ashford Trust or their officers, directors or respective affiliates have an interest, including any other related party and their respective affiliates, before recommending approval by a majority of our independent directors. The Related Party Transactions Committee can deny any proposed transaction or recommend