Braemar Proposes Eight-Person Board Slate With Seven New Nominees

Braemar Hotels & Resorts Inc. plans to nominate seven new candidates alongside its CEO in an eight-person slate for its 2026 annual meeting, as a shareholder advances its own board candidates.

Braemar describes the seven newcomers as independent. They are Craig A. Barbarosh, Kevin Covey, Stephen Haggerty and Daniel J. Hirsch, along with Kevin M. Luebbers, Gail P. Steinel and Stephen W. Theriot. Braemar President and CEO Richard J. Stockton is the slate’s only incumbent nominee.

The proposed board would select an independent chair after taking office. The slate also comes as Braemar moves away from its external advisory arrangement with Ashford Inc. “Braemar is entering a new chapter, and our board slate reflects that reality,” Stockton said.

Shareholder Brancous, LP1 proposed five directors in an Oct. 14 preliminary proxy filing. That filing described five seats as up for election, while Braemar has now proposed eight nominees. The number of seats to be contested remains unresolved.

Braemar intends to seek votes for its eight nominees through a forthcoming proxy statement and gold proxy card.