Blackwells Capital LLC and Blackwells Onshore I LLC (collectively, “Blackwells”) collectively personal 1,000 shares of Ashford Hospitality Belief, Inc. (“Ashford” or the “Firm”) (NYSE: AHT) and have filed a definitive proxy assertion with the U.S. Securities and Change Fee (the “SEC”) in reference to its marketing campaign urging stockholders to vote “AGAINST” the election of Monty J. Bennett, Amish Gupta, J. Robison Hays, III, Kamal Jafarnia, David W. Johnson, Frederick J. Kleisner, Sheri L. Pantermuehl, Davinder “Sonny” Sra and Alan L. Tallis to the Firm’s Board of Administrators (the “Board”) on the Firm’s 2024 annual assembly of stockholders (the “2024 Annual Assembly”), which is scheduled to be held on Could 14, 2024.
Jason Aintabi, Chief Funding Officer of Blackwells Capital LLC, mentioned:
“It’s clear to us that Ashford stockholders have suffered from a disasterous inventory worth efficiency, abysmal company governance and what seems to be a self-dealing exterior advisory settlement that makes Montgomery Bennett wealthy on the expense of stockholders. The Board should be held to account for its failure to behave as impartial fiduciaries. In our opinion, the Board, at finest, lacks the mandatory expertise and acumen and, at worst, may face private legal responsibility for rubber-stamping Mr. Bennett’s unchecked parade on Ashford’s coffers. Stockholders have a chance to ship a transparent and resounding message to the Board by voting “AGAINST” the election of the incumbent administrators on the 2024 Annual Assembly.”
Institutional Shareholder Providers (“ISS”) really helpful that Ashford stockholders vote “AGAINST” all incumbent director nominees on the 2024 Annual Assembly. ISS is a number one impartial proxy advisory agency which, amongst different companies, supplies proxy voting suggestions to pension funds, funding managers, mutual funds and different institutional shareholders. Its voting analyses and suggestions are relied upon by 1000’s of main institutional funding companies, mutual funds and fiduciaries all through the world.
