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Al Shams Expresses Intention to Nominate Majority Slate of Independent Directors for Braemar Hotels & Resorts

BHR
  • Al Shams Investments Limited, the largest shareholder of Braemar Hotels & Resorts Inc., announced its intention to nominate a slate of directors to the company's board.
  • The nominee slate is designed to constitute a change in control of the Board and consists of five highly qualified, independent directors.
  • Al Shams criticized Braemar for announcing the 2026 Annual Meeting & September 14 nomination deadline immediately before a long holiday weekend, describing the short window as a governance maneuver to keep shareholders off guard.
  • Al Shams confirmed it is fully prepared to submit its nominations in full compliance with applicable requirements & within the required timeframe.
  • The Participants, comprising Al Shams & Wafic Rida Said, intend to file a definitive proxy statement on Schedule 14A & an accompanying WHITE Universal Proxy Card with the SEC.
  • The Participants are deemed to beneficially own 6,513,000 shares of Braemar Common Stock as of the date of the announcement based on their Schedule 13(d) group relationship.