As filed with the Securities and Exchange Commission
on June 11, 2025
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
ASHFORD HOSPITALITY TRUST, INC.
(Exact name of registrant as specified in its charter)
Maryland
(State or other jurisdiction of
incorporation or organization) |
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86-1062192
(I.R.S. Employer
Identification Number) |
Ashford Hospitality Trust, Inc.
2021 Stock Incentive Plan
(Full title of the plan)
14185 Dallas Parkway, Suite 1200
Dallas, Texas 75254
(972) 490-9600
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Alex Rose
Executive Vice President, General Counsel and Secretary
14185 Dallas Parkway, Suite 1200
Dallas, Texas 75254
(972) 490-9600
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Richard M. Brand
Erica L. Hogan
White & Case LLP
1221 Avenue of the Americas
New York, NY 10020-1095
(212) 819-8200
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.
See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”
and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer ¨ |
Accelerated filer ¨ |
Non-accelerated filer
x |
Smaller reporting
company x
Emerging growth company ¨ |
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 7(a)(2)(B) of the Securities Act. ¨
EXPLANATORY
NOTE
This Registration Statement on Form S-8 is
filed pursuant to General Instruction E to Form S-8 for the purpose of registering an additional 150,000 shares of the Common Stock
of Ashford Hospitality Trust, Inc. (the “Company” or “Registrant”), which may be issued pursuant to awards
under the Ashford Hospitality Trust, Inc. 2021 Stock Incentive Plan, as further amended to
make such shares available for issuance (the “Plan”). In accordance with General Instruction E to Form S-8, the
Company hereby incorporates herein by reference the Registration Statements on Form S-8 filed with the Securities and Exchange Commission
on May 16, 2023 (No. 333-271977), May 11, 2022 (No. 333-264868), May 12, 2021 (No. 333-256037) and June 21, 2017 (No. 333-218887), together with all exhibits filed therewith or incorporated therein by reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
The Exhibits to this Registration Statement are
listed in the Index to Exhibits immediately following the signature pages.
SIGNATURES
Pursuant to the requirements of the Securities
Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that the registrant meets all of the requirements
for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Dallas, State of Texas, on this 11th day of June, 2025.
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Ashford Hospitality Trust, Inc. |
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By: |
/s/ Alex Rose |
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Name: |
Alex Rose |
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Title: |
Executive Vice President, General Counsel and Secretary |
POWER
OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person
whose signature appears below constitutes and appoints Deric S. Eubanks, Alex Rose and Stephen Zsigray and each of them, with full power
to act without the other, such person’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities, to sign this registration statement, and any and all pre-effective
and post-effective amendments thereto as well as any related registration statements (or amendment thereto) filed pursuant to Rule 462(b) promulgated
under the Securities Act of 1933, as amended, and to file the same, with exhibits and schedules thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing necessary or desirable to be done in and about the premises, as fully to
all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents,
or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities
Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Name |
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Title |
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Date |
/s/ Stephen Zsigray |
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Chief Executive Officer and President; Director |
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June 11, 2025 |
Stephen Zsigray |
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(Principal Executive Officer) |
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/s/ Alex Rose |
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Executive Vice President, General Counsel and |
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June 11, 2025 |
Alex Rose |
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Secretary |
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/s/ Deric S. Eubanks |
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Chief Financial Officer and Treasurer |
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June 11, 2025 |
Deric S. Eubanks |
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(Principal Financial Officer) |
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/s/ Justin Coe |
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Chief Accounting Officer |
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June 11, 2025 |
Justin Coe |
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(Principal Accounting Officer) |
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/s/ Monty J. Bennett |
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Director and Chairman of the Board |
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June 11, 2025 |
Monty J. Bennett |
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/s/ Amish V. Gupta |
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Lead Director |
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June 11, 2025 |
Amish V. Gupta |
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/s/ David Johnson |
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Director |
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June 11, 2025 |
David Johnson |
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/s/ Frederick J. Kleisner |
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Director |
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June 11, 2025 |
Frederick J. Kleisner |
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/s/ Sheri L. Pantermuehl |
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Director |
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June 11, 2025 |
Sheri L. Pantermuehl |
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/s/ Davinder Sra |
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Director |
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June 11, 2025 |
Davinder Sra |
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EXHIBIT INDEX
Exhibit |
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Description |
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3.1 |
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Articles of Amendment and Restatement, as amended by Amendment Number One to Articles of Amendment and Restatement (incorporated by reference to Exhibit 4.6 to Registration Statement on Form S-3 filed May 15, 2015) (File No. 333-204235). |
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3.2 |
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Amendment Number Two to Articles of Amendment and Restatement (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on May 22, 2017) (File No. 001-31775). |
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3.3 |
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Articles of Amendment to the Company’s charter (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on July 1, 2020) (File No. 001-31775). |
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3.4 |
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Articles of Amendment to the Articles of Amendment and Restatement of the Company (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on July 16, 2021) (File No. 001-31775). |
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3.5 |
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Articles of Amendment to the Articles of Amendment and Restatement of the Company (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K, filed on October 25, 2024) (File No. 001-31775). |
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3.6 |
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Articles Supplementary, dated April 28, 2022 (incorporated by reference to Exhibit 4.10 to the Registrant’s Registration Statement on Form S-3, filed on April 29, 2022) (File No. 33-263323). |
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3.7 |
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Articles Supplementary establishing the Series J Preferred Stock, dated September 14, 2022 (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on September 14, 2022) (File No. 001-31775). |
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3.8 |
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Articles Supplementary establishing the Series K Preferred Stock, dated September 14, 2022 (incorporated by reference to Exhibit 3.2 to the Registrant’s Form 8-K, filed on September 14, 2022) (File No. 001-31775). |
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3.9 |
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Articles Supplementary, accepted for record and certified by the SDAT on January 22, 2025 (incorporated by reference to Exhibit 4.10 to Amendment No. 1 to the Registration Statement on Form S-11 filed with the SEC on January 23, 2025) (File No. 333-283802). |
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3.10 |
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Articles Supplementary establishing the Series L Preferred Stock, accepted for record and certified by the SDAT on January 22, 2025 (incorporated by reference to Exhibit 4.11 to Amendment No. 1 to the Registration Statement on Form S-11 filed with the SEC on January 23, 2025) (File No. 333-283802). |
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3.11 |
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Articles on Supplementary establishing the Series M Preferred Stock, accepted for record and certified by the SDAT on January 22, 2025 (incorporated by reference to Exhibit 4.12 to Amendment No. 1 to the Registration Statement on Form S-11 filed with the SEC on January 23, 2025) (File No. 333-283802). |
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3.12 |
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Second Amended and Restated Bylaws, as amended by Amendment No. 1 on October 26, 2014, by Amendment No. 2 on October 19, 2015, by Amendment No. 3 on August 2, 2016, by Amendment No. 4 on March 17, 2022, by Amendment No. 5 on February 23, 2023, by Amendment No. 6 on August 8, 2023, by Amendment No. 7 on February 27, 2024 and by Amendment No. 8 on February 25, 2025 (incorporated by reference to Exhibit 3.2 to the Registrant’s Form 8-K, filed on February 26, 2025) (File No. 001-31775). |
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4.1 |
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Form of Certificate for Common Stock (incorporated by reference to Exhibit 4.1 of Form S-11/A, filed on August 20, 2003)(No. 333-105277). |
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4.1.1 |
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Articles Supplementary for Series A Cumulative Preferred Stock, dated September 15, 2004 (incorporated by reference to Exhibit 4.1.1 of Form 10-K, filed on February 28, 2012) (File No. 001-31775). |
4.1.2 |
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Form of Certificate of Series A Cumulative Preferred Stock (incorporated by reference to Exhibit 4.1.2 of Form 10-K, filed on February 28, 2012) (File No. 001-31775). |
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4.2.1 |
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Articles Supplementary for Series D Cumulative Preferred Stock, dated July 17, 2007 (incorporated by reference to Exhibit 3.5 to the Registrant’s Form 8-A, filed July 17, 2007) (File No. 001-31775). |
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4.2.2 |
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Form of Certificate of Series D Cumulative Preferred Stock (incorporated by reference to Exhibit 4.2 to the Registrant’s Form 8-A, filed July 17, 2007) (File No. 001-31775). |
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4.3.1 |
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Articles Supplementary for Series E Cumulative Preferred Stock, dated April 15, 2011 (incorporated by reference to Exhibit 3.6 to the Registrant’s Form 8-A, filed April 18, 2011) (File No. 001-31775). |
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4.3.2 |
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Form of Certificate of Series E Cumulative Preferred Stock (incorporated by reference to Exhibit 4.2 to the Registrant’s Form 8-A, filed April 18, 2011) (File No. 001-31775). |
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4.4 |
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Articles Supplementary for Series F Cumulative Preferred Stock, accepted for record and certified by the Maryland State Department of Assessments and Taxation on July 11, 2016 (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed July 12, 2016) (File No. 001-31775). |
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4.5 |
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Articles Supplementary for Series G Cumulative Preferred Stock, accepted for record and certified by the Maryland State Department of Assessments and Taxation on October 17, 2016 (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on October 18, 2016) (File No. 001-31775). |
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4.6 |
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Articles Supplementary for Series H Cumulative Preferred Stock, accepted for record and certified by the Maryland State Department of Assessments and Taxation on August 18, 2017 (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on August 22, 2017) (File No. 001-31775). |
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4.7 |
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Articles Supplementary for Series I Cumulative Preferred Stock, accepted for record and certified by the Maryland State Department of Assessments and Taxation on November 14, 2017 (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on November 14, 2017) (File No. 001-31775). |
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4.8 |
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Articles Supplementary establishing the Series J Preferred Stock, accepted for record and certified by the SDAT on September 14, 2022 (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed on September 14, 2022) (File No. 001-31775). |
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4.9 |
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Articles Supplementary establishing the Series K Preferred Stock, accepted for record and certified by the SDAT on September 14, 2022 (incorporated by reference to Exhibit 3.2 to the Registrant’s Form 8-K, filed on September 14, 2022) (File No. 001-31775). |
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4.10 |
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Articles Supplementary establishing the Series L Preferred Stock, accepted for record and certified by the SDAT on January 22, 2025 (incorporated by reference to Exhibit 4.11 to the Registrant’s Form S-11, filed on January 23, 2025) (File No. 333-283802). |
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4.11 |
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Articles Supplementary establishing the Series M Preferred Stock, accepted for record and certified by the SDAT on January 22, 2025 (incorporated by reference to Exhibit 4.12 to the Registrant’s Form S-11, filed on January 23, 2025) (File No. 333-283802). |
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4.12 |
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Description of Securities (incorporated by reference to Exhibit 4.10 to the Registrant’s Form 10-K, filed on March 21, 2025) (File No. 001-31775). |
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10.1 |
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2021 Stock Incentive Plan of Ashford Hospitality Trust, Inc., as amended and restated through May 13, 2025 (incorporated by reference to Annex B to the Registrant’s Definitive Proxy Statement on Schedule 14A, filed on April 1, 2025) (File No. 001-31775). |
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5.1 * |
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Opinion of Hogan Lovells US LLP. |
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23.1* |
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Consent of Hogan Lovells US LLP (included in Exhibit 5.1). |