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Oppenheimer initiated coverage of Ashford with a rating of Outperform and set a new price target of $28.00

INSPIRE, a global event solutions company owned by Ashford Inc. (NYSE:AINC), is pleased to announce the appointment of Sayi Puligandla as Chief Operating Officer. DALLAS, Feb. 7, 2023 /PRNewswire-PRWeb/ -- INSPIRE, a global event solutions company owned by Ashford Inc. (NYSE:AINC), is pleased to announce the appointment of Sayi Puligandla as Chief Operating Officer. In this position, Puligandla will oversee human resources, hospitality operations, information technology, and other projects to support the entire organization. Puligandla brings to INSPIRE an extensive background in the hospitality industry and valuable experience in data, analytics, and building efficient operational units for

DALLAS, May 23, 2022 /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly owned subsidiary of Ashford Inc. (NYSE:AINC) ("Ashford"), is pleased to announce that Ben Hilgers has been promoted to Senior Vice President, National Sales Manager. C. Jay Steigerwald III, President and Head of Distribution at Ashford Securities commented, "I have known Ben for almost twenty years and am excited to have him lead our sales efforts. Ben has a tremendous amount of experience with multiple types of products and, more importantly, has a great reputation in the industry. Ben's affable nature is complemented by his creativity and strategic thinking. We look forward to his leadership drivin

DALLAS, Dec. 16, 2021 /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly-owned subsidiary of Ashford Inc. (NYSE:AINC) ("Ashford"), is excited to announce the appointment of Bart Malcom as Senior Vice President, Head of Due Diligence. In his new role, Bart is responsible for all aspects of due diligence for Ashford's alternative investment products.   "Bart is an important addition to our team and we are excited to have him on board. With the skill sets and relationships he has fostered throughout his career, Bart has a great reputation in the industry, and

DALLAS, June 30, 2021 /PRNewswire/ -- Ashford Inc. (NYSE: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 Chi

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DALLAS, July 31, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company"), today announced that in connection with its previously announced plan to withdraw and delist its common stock from trading on the NYSE American LLC stock exchange (the "NYSE American") under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company effected a 1-for-10,000 reverse stock split of the Company's common stock (the "Reverse Stock Split") followed immediately by a 10,000-for-1 forward stock split of the Company's common stock (the "Forward Stock Split," together with the Reverse Stock Split, the "Transaction"), on July 29, 2024 at 5:01 p.m. Eastern Time and 5:02 p.m.

COMPANY TO TERMINATE REGISTRATION OF ITS COMMON STOCK DALLAS, July 22, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company"), today announced that at the Special Meeting of Stockholders held on July 22, 2024, the Company's stockholders voted to approve proposals to effect a 1-for-10,000 reverse stock split of the Company's common stock, which will be followed immediately by a 10,000-for-1 forward stock split, and to adopt a waiver on the prohibition on Rule 13e-3 transactions contained in Section 3.03 of the Investor Rights Agreement entered into as of November 6, 2019 by and among the Company, Archie Bennett, Jr., Monty J. Bennett and certain other parties. The last d

DALLAS, April 1, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that a Special Committee of independent and disinterested directors has recommended, and its Board of Directors has approved, a plan to terminate the registration of the Company's common stock under the federal securities laws following the completion of a proposed reverse stock split transaction (the "Reverse Stock Split") immediately followed by a forward stock split transaction and to delist its shares of common stock from trading on the NYSE American LLC (the "NYSE American") (the "Proposed Transaction"). It is expected that this plan would be initiated in the summer of 2024, subje

DALLAS, March 26, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024. Ashford plans to issue its earnings release for the first quarter after the market closes on Wednesday, May 8, 2024, and will host a conference call on Thursday, May 9, 2024, at 12:00 p.m. ET.  The number to call for this interactive teleconference is (646) 960-0375. A replay of the conference call will be available through Thursday, May 16, 2024, by dialing (609) 800-9909 and entering the confirmation number, 1818099. The live broadcast of Ashford's quarterly conference call will be available online a

DALLAS, March 1, 2024 /PRNewswire/ --  Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on December 20, 2023, the Company received notification (the "Letter") from the NYSE American that it was not in compliance with the continued listing standards set forth in the NYSE American Company Guide (the "Company Guide"). Specifically, the Letter indicated that the Company was not in compliance with Sections 1003(a)(i) and 1003(a)(ii) of the Company Guide, requiring a listed company to have stockholders' equity of (i) at

DALLAS, Dec. 27, 2023 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced details for the release of its results for the fourth quarter ended December 31, 2023. Ashford plans to issue its earnings release for the fourth quarter after the market closes on Thursday, February 29, 2024, and will host a conference call on Friday, March 1, 2024, at 12:00 p.m. ET. The number to call for this interactive teleconference is (646) 960-0375. A replay of the conference call will be available through Friday, March 8, 2024, by dialing (647) 362-9199 and entering the confirmation number, 1818099. The live broadcast of Ashford's quarterly conference call will be available o

DALLAS, Dec. 26, 2023 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that it received a letter from the NYSE American LLC (the "NYSE American") dated December 20, 2023, notifying that the Company is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(i) requires a listed company to have stockholders' equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses

DALLAS, Oct. 9, 2023 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that the Company has changed the scheduled date and start time of its third quarter 2023 earnings conference call. The call was previously scheduled for Thursday, November 2, 2023, at 1:00 p.m. ET.  Ashford plans to issue its earnings release for the third quarter after the market closes on Thursday, November 9, 2023, and will host a conference call on Friday, November 10, 2023, at 12:00 p.m. ET.  The number to call for this interactive teleconference is (646) 960-0375. A replay of the conference call will be available through Friday, November 17, 2023, by dialing (647) 362-9199 and en

DALLAS, Sept. 19, 2023 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2023. Ashford plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 1, 2023, and will host a conference call on Thursday, November 2, 2023, at 1:00 p.m. ET.  The number to call for this interactive teleconference is (646) 960-0375. A replay of the conference call will be available through Thursday, November 9, 2023, by dialing (647) 362-9199 and entering the confirmation number, 1818099. The live broadcast of Ashford's quarterly conference call will be a

DALLAS, June 26, 2023  /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly-owned subsidiary of Ashford Inc. (NYSE:AINC) ("Ashford"), is pleased to announce that it has reached a milestone of $500 million, including $42.1 million from institutions, in capital raised in less than two years of serving investors via the independent broker-dealer and RIA distribution channels. Ashford Securities previously served as the managing broker-dealer for Braemar Hotels & Resorts Inc. and currently serves as the managing broker-dealer for Ashford Hospitality Trust, Inc. and a growth-oriented private offering that is targeting investments in all types of commercial real estate in the st

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