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Form 8-K Ashford Inc For: Mar 25

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March 26, 2015 1:32 PM EDT


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): March 25, 2015

ASHFORD INC.
(Exact name of registrant as specified in its charter)

DELAWARE
 
001-36400
 
46-5292553
(State or other jurisdiction of incorporation
 or organization)
 
(Commission
File Number)
 
(IRS employer
identification number)
 
 
 
 
 
14185 Dallas Parkway, Suite 1100
 
 
 
 
Dallas, Texas
 
 
 
75254
(Address of principal executive offices)
 
 
 
(Zip code)

    Registrant’s telephone number, including area code: (972) 490-9600


Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






ITEM 5.02    DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

(e)
Entry into Material Contract with Named Executive Officer and Compensatory Arrangements of Certain Officers
Cash Incentive Bonuses. On March 25, 2015, the Board of Directors (the “Board”) of Ashford Inc. (the "Company") approved the recommendations of the Compensation Committee of the Board (the “Committee”) with respect to the 2014 annual cash incentive bonuses for the following executive officers, each as set forth in the following table:
Executive Officer
 
Cash Incentive Bonus1
Monty J. Bennett, Chairman of the Board and Chief Executive Officer
 
$
200,000

Douglas A. Kessler, President
 
$
117,187

David A. Brooks, Chief Operating Officer
 
$
74,219

Deric S. Eubanks, Chief Financial Officer
 
$
25,375

Jeremy Welter, Executive Vice President
 
$
47,812

 _________________________
1 Payable by the Company on or about March 27, 2015













SIGNATURE

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 26, 2015

ASHFORD INC.
By: /s/ David A. Brooks
David A. Brooks
Chief Operating Officer and General Counsel




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