DALLAS, June 30, 2021 /PRNewswire/ -- Ashford Inc.
(NYSE American: AINC) ("Ashford" or the "Company") today announced
that Robert Haiman, Executive Vice
President, General Counsel and Secretary, will retire on
June 30 after a career spanning
nearly 17 years at Ashford and Remington. The Company has
appointed Mr. Alex Rose as Executive
Vice President, General Counsel and Secretary as his successor
effective July 1, 2021. To
ensure a seamless transition, Mr. Haiman will provide support to
the Company on a consulting basis for 3 years. Mr. Rose will
also serve as General Counsel for Ashford Hospitality Trust (NYSE:
AHT) and Braemar Hotels & Resorts (NYSE: BHR).
Jeremy Welter, Ashford's
President and Chief Operating Officer, commented "On behalf of our
entire team, we'd like to thank Rob for his many years of devoted
service. He has helped Ashford, and its affiliated companies, grow
and we appreciate his numerous contributions to our organization
during his career. We wish him the best in his retirement."
Mr. Welter added, "We are pleased to welcome Alex to Ashford's
management team. His legal acumen, and insights working complex
transactions for public and private companies as well as portfolio
companies, makes him ideally suited as our next General
Counsel."
Mr. Rose has a broad range of legal experience and corporate
governance expertise. Prior to joining Ashford, he was a Partner at
Kirkland & Ellis, where he worked with public and private
companies, as well as private equity funds and their portfolio
companies, in connection with complex transactions such as mergers,
acquisitions, leveraged buyouts, joint ventures, tender offers,
divestitures, private financings, recapitalizations, debt and
equity security investments, and other general corporate
matters.
Mr. Rose holds a Juris Doctorate from Columbia University School of Law and a B.S. in
Finance from the University of
Kansas.
Ashford provides global asset management, investment management
and related services to the real estate and hospitality
sectors.
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include, among others, statements
about the Company's strategy and future plans. These
forward-looking statements are subject to risks and uncertainties.
When we use the words "will likely result," "may," "anticipate,"
"estimate," "should," "expect," "believe," "intend," or similar
expressions, we intend to identify forward-looking statements. Such
statements are subject to numerous assumptions and uncertainties,
many of which are outside Ashford Inc.'s control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: the impact of COVID-19, and the rate of adoption and
efficacy of vaccines to prevent COVID-19, on our business and
investment strategy; our ability to continue as a going concern;
the timing and outcome of the Securities and Exchange Commission's
investigation; our ability to regain compliance with NYSE American
LLC continued listing standards; our ability to regain Form S-3
eligibility; our ability to repay, refinance or restructure our
debt and the debt of certain of our subsidiaries;
anticipated or expected purchases or sales of assets; our
projected operating results; completion of any pending
transactions; our understanding of our competition; market trends;
projected capital expenditures; the impact of technology on our
operations and business; general volatility of the capital
markets and the market price of our common stock and preferred
stock; availability, terms and deployment of capital; availability
of qualified personnel; changes in our industry and the markets in
which we operate, interest rates or the general economy; and the
degree and nature of our competition. These and other risk factors
are more fully discussed in the Company's filings with the
Securities and Exchange Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. Such
forward-looking statements are based on our beliefs, assumptions,
and expectations of our future performance taking into account all
information currently known to us. These beliefs, assumptions, and
expectations can change as a result of many potential events or
factors, not all of which are known to us. If a change occurs, our
business, financial condition, liquidity, results of operations,
plans, and other objectives may vary materially from those
expressed in our forward-looking statements. You should carefully
consider this risk when you make an investment decision concerning
our securities. Investors should not place undue reliance on
these forward-looking statements. The Company can give no assurance
that these forward-looking statements will be attained or that any
deviation will not occur. We are not obligated to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or circumstances, changes in
expectations, or otherwise, except to the extent required by
law.
This overview is for informational purposes only and is not
an offer to sell, or a solicitation of an offer to buy or sell, any
securities of Ashford Inc., or any of its respective affiliates,
and may not be relied upon in connection with the purchase or sale
of any such security, and the information contained herein does not
form part of any prospectus of Ashford Inc. that may be used to
offer or sell securities.
Prior to investing in Ashford, potential investors should
carefully review Ashford's periodic filings with the Securities and
Exchange Commission, including, but not limited to, Ashford's most
current Form 10-K, Form 10-Q and Form 8-K's, including the risk
factors included therein.
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SOURCE Ashford Inc.