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Reported Earlier, Ashford Trust Reduces Board Size And Cuts Executive Compensation By 50% As Part Of 'GRO AHT' Strategy

Author: Benzinga Newsdesk | February 28, 2025 02:32am

Compensation for board members was reduced by 50%, and the Board of Directors has currently been reduced from nine members down to seven. Additionally, incentive awards granted to executive management and other associates have been reduced by more than 50% in aggregate relative to recent years. Ashford Trust expects that these changes will result in more than $11 million in incremental EBITDA, reinforcing the company's commitment to financial discipline and operational efficiency.

Posted In: AHT


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