Apr. 15 at 6:04 PM
$AHT
Ashford Hospitality Trust's chief financial officer, Deric Eubanks, is resigning at the end of the month, according to recent securities filings.
The company and Eubanks agreed that, effective March 31, Eubanks will terminate his employment with the Ashford and its affiliates, according to filings submitted to the Securities and Exchange Commission.
Eubanks is also the CFO of affiliate Braemar Hotels & Resorts, and his service as finance chief with that company will also end on the same termination date, Ashford said.
Ashford will pay Eubanks about
$1.8 million over the course of the next year, the company said. The amount represents his base salary plus the average cash incentive bonus received for the time he serves until his resignation, Ashford said.
Eubanks also has
$3.3 million in deferred cash grants that will continue to vest and paid as part of the original schedule, the company said.
