Highlights Mr. Bennett's Expertise in Shareholder Value Extraction Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC ("Blackwells"), a shareholder of Braemar Hotels & Resorts Inc. ("Braemar" or the "Company") (NYSE: BHR), responded to a press release issued by Braemar today. Jason Aintabi, Chief Investment Officer of Blackwells, said: "If Mr. Bennett really 'takes his responsibility to protect the best interests of shareholde ...

Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals Jason Aintabi, Chief Investment Officer of Blackwells, said: Blackwells calls out Mr. Bennett's fictions.. (again..): Blackwells urges all Braemar shareholders to vote their proxy on the WHITE universal proxy card "FOR" each of the Blackwells nominees and the Blackwells proposals. Blackwells recommends shareholders vote "AGAINST" Braemar's executive compensation resolution. Blackwells also encourages shareholders to review Blackwells' materia ...

Introduces www.ExpelBlackwells.com to Provide Shareholders the Facts About Blackwells' Misleading and Confusing "Campaign" to Defame Braemar Encourages Shareholders to Ignore the Noise and Discard the White Proxy Card Monty J. Bennett, Founder & Chairman of Braemar, stated: "We take our responsibility to protect the best interests of our shareholders extremely seriously. That is why we have launched this resource to help our shareholders get the facts about Blackwells and its "campaign" – which from the sta ...

Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals The recent developments at Ashford Hospitality Trust have raised significant concerns. The reappointment of Monty Bennett and Kamal Jafarnia by Ashford Hospitality board, despite their prior defeat, highlights entrenched directorship and reinforces our concerns about the governance integrity of Braemar. These actions at Ashford Hospitality not only question the independence and accountability of its board but also raises serious questions abo ...

Applauds Support for Blackwells' Campaign from Other Braemar Shareholders In addition, Braemar's second largest shareholder recently disclosed a June 3, 2024 email that it sent to Monty Bennett. The email calls for the termination of the external management agreement with Ashford and for the replacement of members of the Board. A copy of this letter can be found at https://www.sec.gov/Archives/edgar/data/1574085/000139834424011207/fp0088636-1_ex3.htm. | --- | |----------------------------------------------- ...

Core Viewpoint - Blackwells Capital LLC is actively campaigning against Monty Bennett, the CEO of Braemar Hotels & Resorts Inc., accusing him of mismanagement and improper expenditures, and is seeking to recover these funds for shareholders [1][3]. Group 1: Blackwells' Campaign - Blackwells has released a presentation titled "The Buffoonery of Monty Bennett" to highlight their concerns regarding Bennett's leadership and actions [1]. - The campaign includes a call for the installation of independent directors on Braemar's board and a thorough examination of the company's external Advisory Agreement [3]. - Blackwells encourages shareholders to visit their campaign website for more information and updates [4]. Group 2: Allegations Against Monty Bennett - Jason Aintabi, Chief Investment Officer of Blackwells, criticized Bennett for allegedly orchestrating a smear campaign against Blackwells and for purchasing fake followers on social media [2]. - Blackwells claims that Bennett's actions represent a significant risk of liability and reputational harm for the current board members [3]. Group 3: Legal Proceedings - Braemar's board has rejected Blackwells' nominations for board positions, claiming non-compliance with the company's bylaws, leading to a lawsuit filed by Braemar against Blackwells [10]. - Blackwells has countered with a lawsuit alleging that Braemar improperly rejected their nomination notice and made false statements [10]. - The ongoing legal disputes have been consolidated and are currently stayed, which may impact Blackwells' ability to solicit proxies [10].

Blackwells Highlights Braemar's Overt Support of Ashford's Entrenchment Tactics Blackwells Will Hold Braemar Board and Monty Bennett to Account for Unprecedented Destruction of Shareholder Value at Braemar NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- On May 14, 2024, Braemar Hotels & Resorts Inc. ("Braemar") (NYSE:BHR) issued a bizarre press congratulating Ashford's "victory" after stockholders voted out Chairman Monty J. Bennett and director Kamal Jafarnia, and both directors were forced to tender their resi ...

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DALLAS, May 14, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that, based on estimated preliminary results, Blackwells Capital LLC's ("Blackwells") withhold proxy campaign at Ashford Hospitality Trust, Inc. ("Ashford Trust") proved to be a failure, as only 7% of Ashford Trust's outstanding shares voted on the Blackwells proxy card. Ashford Trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the ...

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. | --- | --- | --- | --- | |-------|-----------------|-------|-----------------------------------------------| | | | | | | Date: | May 9, 2024 | By: | /s/ RICHARD J. STOCKTON | | | | | Richard J. Stockton | | | | | President and Chief Executive Officer | | Date: | May 9, 2024 | By: | /s/ DERIC S. EUBANKS | | | | | Deric S. Eub ...