Exhibit 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13G dated May 25, 2016 (including amendments thereto) with respect to the Common Stock, $0.01 par value per share, of Ashford Inc. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
| Dated: May 25, 2016 | |
| | Raging Capital Management, LLC |
| | |
| | By: | /s/ William C. Martin |
| | | Name: | William C. Martin |
| | | Title: | Chairman, Chief Investment Officer and Managing Member |
| | /s/ William C. Martin |
| | William C. Martin |
