Braemar hotels & resorts reminds shareholders to disregard blackwells capital's unlawful proxy materials

Recommends shareholders protect their investment by discarding blackwells' illegal white proxy card and waiting to vote until receiving the company's proxy materials and gold proxy card reiterates that braemar is executing its strategy to maximize value for all shareholders dallas , april 11, 2024 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today sent a letter reminding shareholders to disregard any proxy materials received from activist investor blackwells capital llc ("blackwells") in connection with the company's 2024 annual meeting of stockholders (the "2024 annual meeting"), which is scheduled to be held on wednesday, may 15, 2024. as previously announced on march 25, 2024, braemar's board of directors (the "board") unanimously determined that the blackwells nomination notice was invalid due to blackwells' numerous false statements and material omissions in violation of u.s. securities and exchange commission ("sec") rules and the company's bylaws.
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