Current Report Filing (8-k)
30 September 2022 - 10:31PM
Edgar (US Regulatory)
0001298946
false
0001298946
2022-09-29
2022-09-29
0001298946
us-gaap:CommonStockMember
2022-09-29
2022-09-29
0001298946
drh:Sec8.250SeriesACumulativeRedeemablePreferredStockParValue0.01PerShareMember
2022-09-29
2022-09-29
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
September 29, 2022
DiamondRock Hospitality Company
(Exact name of registrant as specified in charter)
Maryland |
|
001-32514 |
|
20-1180098 |
(State
or Other
Jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(IRS
Employer
Identification No.) |
2 Bethesda Metro Center, Suite 1400
Bethesda,
MD 20814
(Address of Principal Executive Offices) (Zip
Code)
(240) 744-1150
(Registrant’s telephone number, including
area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Securities Act:
Title of each class |
Trading symbol(s) |
Name of each exchange on which registered |
Common stock, $0.01 par value per share |
DRH |
New York Stock Exchange |
8.250% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share |
DRH Pr A |
New York Stock Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 13(a) of the Exchange Act. ¨
On September 29,
2022, the Board of Directors of DiamondRock Hospitality Company (the “Company”)
approved a share repurchase program that authorizes the Company to repurchase up to Two Hundred Million Dollars
($200,000,000) of the Company’s common stock through February 28, 2025. The timing and actual number of shares repurchased
will depend on a variety of factors, including price and general business and market conditions. Under the share repurchase program, repurchases
can be made from time to time using a variety of methods, including open market purchases or privately
negotiated transactions, all in compliance with the rules of the United States Securities and
Exchange Commission and other applicable legal requirements. The share repurchase program does not obligate the Company to acquire any
particular amount of shares, and the share repurchase program may be suspended or discontinued at any time at the Company’s discretion.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
DIAMONDROCK HOSPITALITY COMPANY |
|
|
Date: September 30, 2022 |
By |
/s/ Briony R. Quinn |
|
|
Briony R. Quinn |
|
|
Senior Vice President and Treasurer |
Diamondrock Hospitality (NYSE:DRH-A)
Historical Stock Chart
From Jun 2024 to Jul 2024
Diamondrock Hospitality (NYSE:DRH-A)
Historical Stock Chart
From Jul 2023 to Jul 2024