Al Shams urges Braemar outside directors to call 2026 annual meeting, allow vote on new board nominees

Braemar Hotels & Resorts, Inc.

Braemar Hotels & Resorts, Inc.

BHR

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  • Top shareholder Al Shams stepped up a proxy fight ahead of Braemar’s 2026 annual meeting, seeking to nominate multiple director candidates.
  • Al Shams urged outside directors to resist Ashford executives’ influence, citing alleged attempts to entrench insiders and evade shareholder accountability.
  • Activist criticized a revised director-nominee questionnaire as materially expanded, calling it a deterrent to nominations and a tool to reject challengers.
  • Letter cited a nearly 90% stock-price decline since the 2013 Ashford Hospitality Trust separation, pressing for board change and improved returns.
  • Al Shams warned it would pursue actions to hold directors accountable if it believes the election process is manipulated.


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