Blackwells Campaign Successfully Forces Ashford Hospitality Trust, Inc.’s Chairman Monty J. Bennett and Director Kamal Jafarnia to Resign
16 5월 2024 - 5:00AM
Blackwells Capital, an owner of 1,000 shares of Ashford Hospitality
Trust, Inc. (“Ashford” or the “Company”) (NYSE: AHT), announced
today that directors Monty J. Bennett and Kamal Jafarnia
failed to receive the requisite number of votes required
for re-election to the Company’s Board of Directors (the
“Board”) at the Company’s 2024 annual meeting of stockholders (the
“2024 Annual Meeting”) and were
forced to tender their
resignations. The Company’s remaining nominees were
narrowly re-elected by disturbingly low numbers.
Blackwells achieved this result despite the
Company’s refusal to produce a stockholder list,
and with just one mailing to stockholders. In an
attempt to ward off Blackwells’ campaign, the Company spun up a
familiar playbook employed by Chairman Monty Bennett, which
included an aggressive and misleading PR campaign, and the
manipulation of Ashford’s corporate machinery to entrench the
Board, going as far as changing the meeting quorum
requirement in an effort to ensure re-election of the
failing incumbent Board members.
Jason Aintabi, Chief Investment Officer of
Blackwells Capital LLC, said:
“The voting results are a conclusive indictment
of the Board’s failure to act in the best interests of
stockholders. With a resounding majority voting
‘AGAINST’ the election of Monty Bennett and Kamal
Jafarnia, and the remaining nominees receiving near
majority ‘AGAINST’ votes, stockholders have sent an
unequivocal message that they demand directors who will act as
independent fiduciaries for stockholders and stand up to Monty
Bennett’s tyrannical ‘leadership’ and self-interested personal
agenda.
The Board’s reappointment of Monty Bennett and
Kamal Jafarnia to the Board within hours of being voted
out is a shameless maneuver and demonstrates the utter
contempt Monty Bennett’s Board has for the Company’s
stockholders.
Blackwells will hold Ashford and each of its
directors accountable for the massive harm they have caused to
shareholders.”
Further information regarding Blackwells “vote
no” campaign is available at www.montymustgo.com.
About Blackwells Capital
Blackwells Capital was founded in 2016 by Jason
Aintabi, its Chief Investment Officer. Since that time, it has made
investments in public securities, engaging with management and
boards, both publicly and privately, to help unlock value for
stakeholders, including stockholders, employees and communities.
Throughout their careers, Blackwells’ principals have invested
globally on behalf of leading public and private equity firms and
have held operating roles and served on the boards of media,
energy, technology, insurance and real estate enterprises. For more
information, please visit www.blackwellscap.com.
Contacts
StockholdersMacKenzie Partners,
Inc.Toll Free: +1 (800) 322-2885proxy@mackenziepartners.com
MediaGagnier CommunicationsDan
Gagnier & Riyaz Lalani646-569-5897blackwells@gagnierfc.com
Ashford Hospitality (NYSE:AHT)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Ashford Hospitality (NYSE:AHT)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024