Executive Change

Braemar Hotels & Resorts Inc. announced that Babak “Bob” Ghassemieh’s resignation from the Board of Directors, initially submitted on August 25, 2025, became effective on February 20, 2026, due to a determination that he breached a cooperation agreement. The company notified Mr. Ghassemieh of the breaches, which included violations of the Code of Business Conduct and Ethics and Corporate Governance Guidelines.