Company: BHR-PD
Filing Date: 2025-10-30
Form Type: DEF 14A
Source: 0001574085-25-000111
Chunk: 4

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-10-30
Form: DEF 14A
Chunk 4
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 we, " " our, " " us, " " Braemar " and the " Company " each refers to Braemar Hotels & Resorts Inc., a Maryland corporation and real estate investment trust (" REIT "), which has shares of its common stock, par value $0.01 per share, listed for trading on the New York Stock Exchange (" NYSE ") under the ticker symbol "BHR";

• " Annual Meeting " refers to the 2025 annual meeting of stockholders of the Company;

• " Ashford Trust " refers to Ashford Hospitality Trust, Inc. (NYSE: AHT), a Maryland corporation and REIT from which we were spun off in November 2013;

• " Ashford Inc. " refers to Ashford Inc., a Nevada corporation;

• " Ashford LLC " refers to Ashford Hospitality Advisors LLC, a Delaware limited liability company and a subsidiary of Ashford Inc.;

• " Board " or " Board of Directors " refers to the Board of Directors of Braemar Hotels & Resorts Inc.;

• " Bylaws " refers to the Fifth Amended and Restated Bylaws, as amended, of the Company;

• " Exchange Act " refers to the Securities Exchange Act of 1934, as amended;

• " Premier " refers to Premier Project Management LLC, a Maryland limited liability company and a subsidiary of Ashford LLC. On August 8, 2018, Ashford Inc. completed its acquisition of Premier, the business of which was formerly owned by Remington Hospitality (as deﬁned below). As a result, Ashford Inc. (through its indirect subsidiary, Premier) provides us with construction management, interior design, architecture, and the purchasing, expediting, warehousing, freight management, installation and supervision of property and equipment and related services;

• " Remington Hospitality " refers to Remington Lodging & Hospitality, LLC, a Delaware limited liability company, hotel management company and a subsidiary of Ashford Inc.;

• " SEC " refers to the U.S. Securities and Exchange Commission;

• " Securities Ac t" refers to the Securities Act of 1933, as amended; and

• " stockholders " refers to holders of our common stock, par value $0.01 per share, holders of our Series E Preferred Stock and Series M Preferred Stock, collectively, or as the context may require, individually.

Ashford Inc. and Ash