News Release
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Chatham Lodging Implements Corporate Governance Changes
These initiatives, which the board believes are in the best interest of the company and its shareholders, are as follows:
- Opting out of Section 3-803 of the Maryland General Corporation Law (“MGCL”) and completing a full declassification by the 2017 annual meeting of shareholders;
- Adopting and approving a Clawback Policy providing for the recoupment by the company of certain incentive compensation under certain circumstances;
- Adopting and approving a Policy Prohibiting Pledging and Hedging applicable to trustees and certain officers of the company; and
- Amending its Corporate Governance Guidelines to clarify that the board’s annual evaluation process covers not just the entire board and its committees but also each individual trustee.
“We classified our board in
A copy of the Articles Supplementary filed with the
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Source:
Chatham Lodging Trust (Company)
Dennis Craven, 561-227-1386
Chief
Financial Officer
or
Daly Gray, Inc. (Media)
Chris Daly,
703-435-6293