# EDGAR Filing Document

**Accession Number:** 0001063344
**File Stem:** 0001063344-23-000008
**Filing Date:** 2023-1
**Character Count:** 5717
**Document Hash:** c99f6eb3f308d67511fbae7ec0f68126
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001063344-23-000008.hdr.sgml**: 20230104

**ACCESSION NUMBER**: 0001063344-23-000008

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20221230

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

**FILED AS OF DATE**: 20230104

**DATE AS OF CHANGE**: 20230103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HERSHA HOSPITALITY TRUST
- **CENTRAL INDEX KEY:** 0001063344
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 251811499
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14765
- **FILM NUMBER:** 23503722

**BUSINESS ADDRESS:**
- **STREET 1:** 44 HERSHA DRIVE
- **CITY:** HARRISBURG
- **STATE:** PA
- **ZIP:** 17102
- **BUSINESS PHONE:** 7172364400

**MAIL ADDRESS:**
- **STREET 1:** 44 HERSHA DRIVE
- **CITY:** HARRISBURG
- **STATE:** PA
- **ZIP:** 17102

?xml version="1.0" ? ht-20221230

**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): December 30, 2022** 

**HERSHA HOSPITALITY TRUST** 

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **<u>Maryland</u>** | **<u>001-14765</u>** | **<u>25-1811499</u>** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

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**44 Hersha Drive** 

**Harrisburg, Pennsylvania 17102** 

(Address and zip code of

principal executive offices)

Registrant's telephone number, including area code: **(717) 236-4400** 

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 (see General Instructions A.2. below):

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

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

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) <br> ☐ Pre-commencement communications pursuant to Rule 13e4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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. ☐

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

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| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol(s)</u> | <u>Name of each exchange on which registered</u> |
| Class A Common Shares of Beneficial Interest, par value $.01 per share | HT | New York Stock Exchange |
| 6.875% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $.01 per share | HT-PC | New York Stock Exchange |
| 6.50% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $.01 per share | HT-PD | New York Stock Exchange |
| 6.50% Series E Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $.01 per share | HT-PE | New York Stock Exchange |

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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.**

*<u>Employment Agreement Amendments</u>*

As previously reported on our Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on September 22, 2022, Hersha Hospitality Trust (the "Company") announced (i) the retirement and resignation of Mr. Jay H. Shah from his position as Chief Executive Officer of the Company, effective December 31, 2022 and (ii) the appointment of Mr. Jay H. Shah, as Executive Chairman of the Company's Board of Trustees (the "Board"), effective January 1, 2023. On December 30, 2022, the Company entered into an amendment, effective January 1, 2023 (the "Amendment"), to Mr. Jay H. Shah's existing employment agreement with the Company (the "Prior Employment Agreement").

The Amendment updates the Prior Employment Agreement to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• change Mr. Jay H. Shah's title from Chief Executive Officer of the Company to Executive Chairman of the Board; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reduce Mr. Jay H. Shah's base salary to $650,000.

All other material terms of the Prior Employment Agreement remain unchanged from the description of the terms of Mr. Jay H. Shah's existing employment agreement and form employment agreement filed on Form 10-Q for the quarter ended June 30, 2020 filed with the SEC on August 7, 2020.

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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.

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| | | |
|:---|:---|:---|
| | **HERSHA HOSPITALITY TRUST** | **HERSHA HOSPITALITY TRUST** |
| Date: January 3, 2023 | By: | /s/ Ashish R. Parikh |
|  | Name: | Ashish R. Parikh |
|  | Title: | Chief Financial Officer |

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