As filed with the Securities and Exchange Commission on June 21, 2017
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
ASHFORD HOSPITALITY TRUST, INC.
(Exact name of registrant as specified in its charter)
Maryland
(State or other jurisdiction
of incorporation or organization) | | 86-1062192
(I.R.S. Employer
Identification Number) |
| | |
14185 Dallas Parkway, Suite 1100
Dallas, Texas
(Address of Principal Executive Offices) | | 75254
(Zip Code) |
Ashford Hospitality Trust, Inc.
2011 Stock Incentive Plan
(Full title of the plan)
David A. Brooks
14185 Dallas Parkway, Suite 1100
Dallas, Texas 75254
(972) 490-9600
(Name, address and telephone number, including area code, of agent for service)
Copies to:
George J. Vlahakos
Andrews Kurth Kenyon LLP
1717 Main Street, Suite 3700
Dallas, Texas 75201
(214) 659-4400
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer o | | Accelerated filer x |
Non-accelerated filer o(Do not check if a smaller reporting company) | | Smaller reporting company o |
| | Emerging growth company o |
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 7(a)(2)(B) of the Securities Act. o
CALCULATION OF REGISTRATION FEE
| | | | | | | | | |
Title of Securities
to be Registered | | Amount to be
Registered (1) | | Proposed Maximum
Offering Price Per
Share (2) | | Proposed Maximum
Aggregate Offering
Price (2) | | Amount of
Registration Fee (2) | |
Common Stock, par value $0.01 per share | | 5,750,000 shares | | $ | 6.45 | | $ | 37,087,500 | | $ | 4,298.44 | |
| | | | | | | | | | | | |
(1) Represents additional shares of common stock of Ashford Hospitality Trust, Inc. (the “Registrant”) that may be offered or issued under the terms of the Ashford Hospitality Trust, Inc. 2011 Stock Incentive Plan (the “Plan”) by reason of any stock split, recapitalization or other similar transaction.
(2) Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(c) and (h) of the Securities Act of 1933, based on the average of the high and low prices of the common stock as reported on the New York Stock Exchange on June 16, 2017.
EXPLANATORY NOTE
This Registration Statement registers an additional 5,750,000 shares of the Registrant’s common stock that may be offered and sold under the Plan pursuant to an amendment to the Plan approved by the Board of Directors of the Registrant on 5,750,000 and approved by the Shareholders of the Registrant on May 16, 2017. This Registration Statement relates solely to the registration of additional securities of the same class as other securities under the Plan for which a Form S-8 registration statement is currently effective. Pursuant to General Instruction E to Form S-8, the contents of the Registrant’s previously filed registration statement on Form S-8 relating to the Plan (File No. 333-202729), filed with the Securities and Exchange Commission on March 13, 2015, including any amendments thereto or filings incorporated therein, are hereby incorporated by reference to the extent not otherwise amended or superseded by the contents of this Registration Statement.
Item 8. Exhibits.
Exhibit
Number | | Description |
| | |
4.1 | | Articles of Amendment and Restatement, as amended by Amendment Number One to Articles of Amendment and Restatement (incorporated by reference to Exhibit 4.6 to Registration Statement on Form S-3 filed May 15, 2015) |
| | |
4.2 | | Second Amended and Restated Bylaws, as amended by Amendment No. 1 on October 26, 2014, by Amendment No. 2 on October 19, 2015 and by Amendment No. 3 on August 2, 2016 (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on August 8, 2016) |
| | |
4.3 | | Form of Certificate for Common Stock (incorporated by reference to Exhibit 4.1 to the registrant’s Form S-11/A, filed on August 20, 2003) |
| | |
10.1 | | 2011 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (incorporated by reference to Exhibit 10.1 to the registrant’s Form 8-K, filed with SEC on May 19, 2014, for the event dated May 14, 2014) |
| | |
10.2 | | Amendment No. 1 to 2011 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (incorporated by reference to Exhibit 10.2 to the registrant’s Form 8-K, filed with SEC on May 19, 2014, for the event dated May 14, 2014) |
| | |
10.3 | | Amendment No. 2 to 2011 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (incorporated by reference to Exhibit 10.1 to the registrant’s Form 8-K, filed with SEC on August 8, 2016, for the event dated August 2, 2016) |
| | |
10.4 | | Amendment No. 3 to 2011 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (incorporated by reference to Exhibit 10.1 to the registrant’s Form 8-K, filed with SEC on May 22, 2017, for the event dated May 16, 2017) |
| | |
5.1* | | Opinion of Hogan Lovells US LLP |
| | |
23.1* | | Consent of BDO USA LLP |
| | |
23.2* | | Consent of Ernst & Young LLP |
| | |
23.3 | | Consent of Hogan Lovells US LLP, included as part of its opinion filed as Exhibit 5.1 and incorporated herein by reference |
| | |
24.1 | | Power of Attorney (included in the signature page to this registration statement) |
* Filed herewith.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Dallas, State of Texas, on June 21, 2017.
| ASHFORD HOSPITALITY TRUST, INC. |
| |
| By: | /s/ David A. Brooks |
| | David A. Brooks |
| | Chief Operating Officer, General Counsel and Secretary |
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints David A. Brooks, and each of them, with full power to act without the other, such person’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign this registration statement, and any and all pre-effective and post-effective amendments thereto as well as any related registration statements (or amendment thereto) filed pursuant to Rule 462(b) promulgated under the Securities Act of 1933, as amended, and to file the same, with exhibits and schedules thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing necessary or desirable to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature | | Title | | Date |
| | | | |
/s/ Douglas A. Kessler | | Chief Executive Officer | | June 21, 2017 |
Douglas A. Kessler | | (Principal Executive Officer) | | |
| | | | |
/s/ Deric S. Eubanks | | Chief Financial Officer and Treasurer | | June 21, 2017 |
Deric S. Eubanks | | (Principal Financial Officer) | | |
| | | | |
/s/ Mark L. Nunneley | | Chief Accounting Officer | | June 21, 2017 |
Mark L. Nunneley | | (Principal Accounting Officer) | | |
| | | | |
/s/ Monty J. Bennett | | Chairman of the Board of Directors | | June 21, 2017 |
Monty J. Bennett | | | | |
| | | | |
/s/ Benjamin J. Ansell, M.D. | | Director | | June 21, 2017 |
Benjamin J. Ansell, M.D. | | | | |
| | | | |
/s/ Amish Gupta | | Director | | June 21, 2017 |
Amish Gupta | | | | |
| | | | |
/s/ Kamal Jafarnia | | Director | | June 21, 2017 |
Kamal Jafarnia | | | | |
| | | | |
/s/ Frederick J. Kleisner | | Director | | June 21, 2017 |
Frederick J. Kleisner | | | | |
| | | | |
/s/ Philip S. Payne | | Director | | June 21, 2017 |
Philip S. Payne | | | | |
| | | | |
/s/ Alan L. Tallis | | Director | | June 21, 2017 |
Alan L. Tallis | | | | |
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INDEX TO EXHIBITS
Exhibit
Number | | Description |
| | |
4.1 | | Articles of Amendment and Restatement, as amended by Amendment Number One to Articles of Amendment and Restatement (incorporated by reference to Exhibit 4.6 to Registration Statement on Form S-3 filed May 15, 2015) |
| | |
4.2 | | Second Amended and Restated Bylaws, as amended by Amendment No. 1 on October 26, 2014, by Amendment No. 2 on October 19, 2015 and by Amendment No. 3 on August 2, 2016 (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on August 8, 2016) |
| | |
4.3 | | Form of Certificate for Common Stock (incorporated by reference to Exhibit 4.1 to the registrant’s Form S-11/A, filed on August 20, 2003) |
| | |
10.1 | | 2011 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (incorporated by reference to Exhibit 10.1 to the registrant’s Form 8-K, filed with SEC on May 19, 2014, for the event dated May 14, 2014) |
| | |
10.2 | | Amendment No. 1 to 2011 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (incorporated by reference to Exhibit 10.2 to the registrant’s Form 8-K, filed with SEC on May 19, 2014, for the event dated May 14, 2014) |
| | |
10.3 | | Amendment No. 2 to 2011 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (incorporated by reference to Exhibit 10.1 to the registrant’s Form 8-K, filed with SEC on August 8, 2016, for the event dated August 2, 2016) |
| | |
10.4 | | Amendment No. 3 to 2011 Stock Incentive Plan of Ashford Hospitality Trust, Inc. (incorporated by reference to Exhibit 10.1 to the registrant’s Form 8-K, filed with SEC on May 22, 2017, for the event dated May 16, 2017) |
| | |
5.1* | | Opinion of Hogan Lovells US LLP |
| | |
23.1* | | Consent of BDO USA LLP |
| | |
23.2* | | Consent of Ernst & Young LLP |
| | |
23.3 | | Consent of Hogan Lovells US LLP, included as part of its opinion filed as Exhibit 5.1 and incorporated herein by reference |
| | |
24.1 | | Power of Attorney (included in the signature page to this registration statement) |
* Filed herewith.
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