Braemar Hotels & Resorts Inc. Form SCHEDULE 13D/A — Oct 8, 2026
Al Shams Investments Limited and Wafic Rida Said filed Amendment No. 15 to their Schedule 13D on Braemar Hotels & Resorts, disclosing a Cooperation and Settlement Agreement dated October 6, 2026 under which ASIL withdrew its director nomination notice. Under the settlement, ASIL agreed to standstill restrictions and voting commitments, and will have the opportunity to consult with Braemar's board search firm on candidates for one additional director seat, though the Board retains sole discretion over selection. The agreement includes mutual releases resolving disputes including securities-law and defamation claims.
Key figures
- Shares Owned
- 6513000
- Percent Owned
- 9.48%
- Amendment number
- 15
- Shares outstanding
- 68679318
- Settlement payment usd
- 25000000
AI analysis
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