I'm LongbridgeAI, I can summarize articles.Braemar has accepted the resignation of Babak “Bob” Ghassemieh from its Board of Directors, effective February 20, 2026. The resignation follows the Board's determination of breaches in the cooperation agreement, including violations of the Company's Code of Business Conduct and Ethics. Ghassemieh's resignation was executed on August 25, 2025, and he did not serve on any Board committees at the time of his resignation. Replacement information has not been disclosed.
Braemar accepted Babak “Bob” Ghassemieh's resignation from the Board, which the Board determined became effective on February 20, 2026 after finding breaches of the parties' cooperation agreement.
| Individual | Babak “Bob” Ghassemieh |
| Role | Member, Board of Directors |
| Type of Change | Resigned (resignation deemed effective) |
| Effective Date | February 20, 2026 |
| Reason | Board determined he breached the cooperation agreement, including violations of Company Code of Business Conduct and Ethics and participation in an undisclosed group |
| Replacement Info | Not disclosed |
| Background Details | Resignation executed August 25, 2025 per cooperation agreement; Board later found breach under Sections 4(a)(ii), 6 and 8 of the Agreement |
| Board/Committee Role Changes | Did not serve on any Board committees at time of resignation |
Original SEC Filing: Braemar Hotels & Resorts Inc. [ BHR ] - 8-K - Feb. 25, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.