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 18, 2015
 ________________________________________________________________________
CHESAPEAKE LODGING TRUST
(Exact name of registrant as specified in its charter)
 ________________________________________________________________________
Maryland
 
001-34572
 
27-0372343
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
1997 Annapolis Exchange Parkway, Suite 410
Annapolis, MD
 
21401
(Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (410) 972-4140
Not Applicable
(Former name or former address, if changed since last report.)
 ________________________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
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.

On March 18, 2015, Chesapeake Lodging Trust (the “Trust”) announced that D. Rick Adams had been promoted to serve as Executive Vice President and Chief Operating Officer of the Trust, effective immediately. Adams, 51, previously served as Executive Vice President and Chief Investment Officer of the Trust since February 2014, and previously served as Senior Vice President and Chief Investment Officer of the Trust from November 2009 until January 2014. Information relating to the Trust’s executive compensation arrangements with Mr. Adams can be found in the Trust’s Form 8-K previously filed on January 30, 2015.

A copy of the Trust’s press release announcing the promotion described above is filed as Exhibit 99.1 to this report and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
Exhibit Description
99.1
Press release dated March 18, 2015.







SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 
 
 
Date: March 18, 2015
 
 
 
CHESAPEAKE LODGING TRUST
 
 
 
 
 
 
 
 
By:
 
/s/ Graham J. Wootten
 
 
 
 
 
 
Graham J. Wootten
 
 
 
 
 
 
Senior Vice President and Chief Accounting Officer







 
 
 
 
 
Exhibit 99.1
 
PRESS RELEASE
For Immediate Release
 Contact: Douglas W. Vicari (410) 972-4142
 
 
 



CHESAPEAKE LODGING TRUST ANNOUNCES PROMOTION OF
D. RICK ADAMS TO CHIEF OPERATING OFFICER

ANNAPOLIS, MD, March 18, 2015 - Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) announced today the promotion of D. Rick Adams to Executive Vice President and Chief Operating Officer.

“Rick joined Chesapeake prior to its initial public offering as a blind-pool REIT and has been a key member of our executive management team. Rick has led the efforts in acquiring and assembling our industry-leading portfolio of 21 hotels that we own today,” said James L. Francis, Chesapeake Lodging Trust’s President and Chief Executive Officer. “Rick has also been responsible for the asset management of our hotel portfolio, resulting in strong operating performance as well as the successful completion of numerous comprehensive renovation and repositioning projects undertaken to date.”

Mr. Adams joined the Trust in 2009 as its Senior Vice President and Chief Investment Officer and was subsequently promoted to Executive Vice President and Chief Investment Officer. Prior to joining the Trust, from 2004 until its sale in 2007, Mr. Adams served as Senior Vice President of Asset Management for Highland Hospitality Corporation (“Highland”). Following the sale of Highland and until 2009, Mr. Adams continued to serve as Senior Vice President and Head of Asset Management for the affiliate of JER Partners that acquired Highland. From 1995 to 2004, Mr. Adams served as Vice President of Regional Operations and Development Officer for B.F. Saul Company. Prior to his tenure at B.F. Saul Company, he held numerous operations and franchise development management positions at Holiday Inns Worldwide, known today as Intercontinental Hotels Group. Mr. Adams received his Bachelor of Science in Management from Indiana University.













 
 
 
 
 
 
 
PRESS RELEASE
For Immediate Release
 Contact: Douglas W. Vicari (410) 972-4142
 
 
 







ABOUT CHESAPEAKE LODGING TRUST

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 21 hotels with an aggregate of 6,509 rooms in nine states and the District of Columbia. Additional information can be found on the Trust’s website at www.chesapeakelodgingtrust.com.
























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