# EDGAR Filing Document

**Accession Number:** 0001497645
**File Stem:** 0001497645-26-000051
**Filing Date:** 2026-6
**Character Count:** 12651
**Document Hash:** 5c11c40d9201b0d28b98f5020214055a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001497645-26-000051.hdr.sgml**: 20260612

**ACCESSION NUMBER**: 0001497645-26-000051

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260612

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**FILED AS OF DATE**: 20260612

**DATE AS OF CHANGE**: 20260612

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Summit Hotel Properties, Inc.
- **CENTRAL INDEX KEY:** 0001497645
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 272962512
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35074
- **FILM NUMBER:** 261084874

**BUSINESS ADDRESS:**
- **STREET 1:** 13215 BEE CAVE PARKWAY
- **STREET 2:** SUITE B-300
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78738
- **BUSINESS PHONE:** 512-538-2300

**MAIL ADDRESS:**
- **STREET 1:** 13215 BEE CAVE PARKWAY
- **STREET 2:** SUITE B-300
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78738

?xml version='1.0' encoding='ASCII'? inn-20260612

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934** 

Date of Report (Date of earliest event reported): June 12, 2026

**SUMMIT HOTEL PROPERTIES, INC.** 

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Maryland** | **001-35074** | **27-2962512** |
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer Identification No.) |
| of incorporation or organization) | | |

---

**13215 Bee Cave Parkway, Suite B-300** 

**Austin, TX 78738** 

(Address of Principal Executive Offices) (Zip Code)

**(512) 538-2300** 

(Registrant's telephone number, including area code)

**Not applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value | INN | New York Stock Exchange |
| Series E Cumulative Redeemable Preferred Stock, $0.01 par value | INN-PE | New York Stock Exchange |
| Series F Cumulative Redeemable Preferred Stock, $0.01 par value | INN-PF | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

☐&nbsp;&nbsp;&nbsp;&nbsp;Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

    

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**Item 5.02. &nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On June 12, 2026, Summit Hotel Properties, Inc. (the "Company") announced that William Conkling, the Company's Executive Vice President and Chief Financial Officer, has resigned as an officer and employee of the Company effective as of June 15, 2026 (the "Effective Date"). Mr. Conkling's departure is not the result of any disagreement with the Company or any matter related to the Company's operations, policies or practices, including its accounting principles, financial statements or financial disclosures.

In connection with his separation from the Company, the Company and Mr. Conkling entered into a Separation and Consulting Agreement (the "Separation Agreement") that sets forth the terms of his termination of employment. Under the Separation Agreement, Mr. Conkling has agreed to provide the Company with consulting and transition services for the period commencing on June 16, 2026, and ending on September 30, 2026. During the consulting period, Mr. Conkling will receive a consulting fee of $25,000 per calendar month as prorated based on the effective date of the Separation Agreement.

Other than accrued obligations and the consulting fee described above, Mr. Conkling will not be entitled to any termination or severance payments or benefits in connection with his termination, and any unvested equity-based awards held by Mr. Conkling as of the Effective Date will be forfeited.

In addition, the Separation Agreement provides that, in connection with his termination of employment and the termination of the consulting period, Mr. Conkling will execute and deliver a general release of claims in favor of the Company. The Separation Agreement further provides that the noncompete covenant under Mr. Conkling's employment agreement with the Company will continue to apply for six months (rather than twelve months) following the termination of his employment. All other restrictive covenants contained in Mr. Conkling's employment agreement will continue to apply in accordance with their terms.

The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending June 30, 2026.

Jonathan Stanner will assume the role of principal financial officer of the Company effective June 15, 2026, in addition to continuing as President and Chief Executive Officer. Mr. Stanner will not receive any additional compensation for his role as principal financial officer.

**Item 7.01.&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

The Company issued a press release announcing Mr. Conkling's departure on June 12, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

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| | |
|:---|:---|
| *(d)* | *Exhibits* |
| <u>[99.1](pressreleasecfotransitio.htm)</u> | <u>[Press release, dated June 12, 2026](pressreleasecfotransitio.htm)</u> |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |

---

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **SUMMIT HOTEL PROPERTIES, INC.** | **SUMMIT HOTEL PROPERTIES, INC.** |
| Date: June 12, 2026 | By: | /s/ Christopher R. Eng |
|  |  | Christopher R. Eng<br>Executive Vice President, General Counsel,<br>Chief Risk Officer and Secretary |

---

## Exhibit 99.1

![](pressreleasecfotransitio001.jpg)

1 \| P a g e 13215 Bee Cave Pkwy, Suite B-300, Austin, TX 78738 Telephone: 512-538-2300 Fax: 512-538-2333 www.shpreit.com NEWS RELEASE SUMMIT HOTEL PROPERTIES ANNOUNCES MANAGEMENT TRANSITION Austin, Texas, June 12, 2026 --- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that Executive Vice President and Chief Financial Officer, William ("Trey") Conkling will depart the Company effective June 15, 2026 for personal reasons. "Trey has been a valued member of our executive leadership team over the past five years, and we appreciate his many contributions to Summit during his tenure," said Jonathan Stanner, President and Chief Executive Officer. "On behalf of the Board of Directors and the entire Summit team, I thank Trey for his dedicated service and wish him the very best in his future endeavors," said Jonathan Stanner, President and Chief Executive Officer. "It has been a pleasure to work at Summit for the past five years and I am proud of all that we have accomplished together. I am grateful for the opportunity to have worked with such a dedicated team and remain committed to supporting an orderly transition. I wish Summit and my colleagues all the best in the future and am confident that the Company is in good hands," said Mr. Conkling. To support an orderly transition, Mr. Conkling will remain available to the Company in an advisory capacity through September 30, 2026. The Company has engaged a nationally recognized search firm to identify Mr. Conkling's successor. In the interim, Mr. Stanner will assume the role of principal financial officer of the Company, in addition to continuing as President and Chief Executive Officer. The Company also noted that Mr. Conkling's departure is not the result of any disagreement with the Company or any matter related to the Company's operations, policies or practices, including its accounting principles, financial statements or financial disclosures. About Summit Hotel Properties Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the Upscale segment of the lodging industry. As of June 12, 2026, the Company's portfolio consisted of 94 assets, 52 of which are wholly owned, with a total of 14,226 guestrooms located in 24 states. For additional information, please visit the Company's website, www.shpreit.com, and follow the Company on X at @SummitHotel_INN.

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![](pressreleasecfotransitio002.jpg)

2 \| P a g e Contact: Kevin Milota SVP, Corporate Finance Summit Hotel Properties, Inc. (737) 205-5787 Forward Looking Statements This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward- looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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