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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
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): February 14, 2006
ASHFORD HOSPITALITY TRUST, INC.
(Exact name of registrant as specified in its charter)
MARYLAND (State of Incorporation) | 001-31775 (Commission File Number) | 86-1062192 (I.R.S. Employer Identification Number) |
14185 Dallas Parkway, Suite 1100 Dallas, Texas (Address of principal executive offices) | 75254 (Zip code) |
Registrant’s telephone number, including area code: (972) 490-9600
Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT | ||||||||
SIGNATURE |
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On February 14, 2006, the Board of Directors for Ashford Hospitality Trust, Inc. (the “Company”) approved the following increases in compensation, which is retroactively effective as of January 1, 2006:
Previously | Approved | |||||||
Annual fees: | ||||||||
Independent Directors | $ | 20,000 | $ | 35,000 | ||||
Audit Committee Chairman — additional premium | $ | 15,000 | $ | 25,000 | ||||
Compensation Committee Chairman — additional premium | $ | 5,000 | $ | 15,000 | ||||
Chairman of the Board | $ | 200,000 | $ | 300,000 | ||||
Annual stock grants upon re-election for independent directors | 2,000 | 3,200 | ||||||
For each Board Meeting attended: | ||||||||
Chairman of the Board: | ||||||||
In person | $ | 2,000 | $ | 3,000 | ||||
Telephonic | $ | 500 | $ | 500 | ||||
Independent Directors: | ||||||||
In person | $ | 2,000 | $ | 2,000 | ||||
Telephonic | $ | 500 | $ | 500 |
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SIGNATURE
Pursuant to the requirements of Section 12 of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 17, 2006
ASHFORD HOSPITALITY TRUST, INC. | ||||||
By: | /s/ DAVID A. BROOKS | |||||
David A. Brooks | ||||||
Chief Legal Officer |