0001604738falsetrue00016047382024-07-252024-07-250001604738us-gaap:CommonStockMember2024-07-252024-07-250001604738ainc:PreferredStockPurchaseRightMember2024-07-252024-07-25

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): July 25, 2024

ASHFORD INC.
(Exact name of registrant as specified in its charter)

Nevada001-3640084-2331507
(State or other jurisdiction of incorporation
 or organization)		(Commission
File Number)		(IRS employer
identification number)
14185 Dallas Parkway
Suite 1200
Dallas
Texas75254
(Address of principal executive offices)(Zip code)

Registrant’s telephone number, including area code: (972) 490-9600
Not Applicable
(Former name or former address, if changed since last report)

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:
☐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))
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common StockAINCNYSE American LLC
Preferred Stock Purchase RightsNYSE American LLC


ITEM 7.01    REGULATION FD DISCLOSURE.
On July 25, 2024, Ashford Inc. (the “Company”) (NYSE American: AINC) issued a press release announcing that Mr. W. Michael Murphy, a member of its Board of Directors, passed away on July 24, 2024. A copy of the press release is attached hereto as Exhibit 99.1.
Mr. Murphy had a distinguished career in the hotel industry and has been a key member of the Company’s Board of Directors, serving since August 2018. Prior to serving on the Board of Directors of the Company, Mr. Murphy served on the Board of Directors of Braemar Hotels & Resorts Inc. (NYSE: BHR) from 2013 to 2015 and he served on the Board of Directors of Ashford Hospitality Trust, Inc. (NYSE: AHT) from 2003 to 2013.
The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS.

(d)    Exhibits
Exhibit Number         Description

104    Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.










2


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.
Dated: July 25, 2024
ASHFORD INC.
By:/s/ ALEX ROSE
Alex Rose
Executive Vice President, General Counsel & Secretary

3



image_0a.jpg

Contact:Deric EubanksJoe Calabrese
Chief Financial OfficerFinancial Relations Board
(972) 490-9600(212) 827-3772

ASHFORD INC. DIRECTOR AND HOSPITALITY INDUSTRY
VETERAN, W. MICHAEL MURPHY, PASSES AWAY

DALLAS, July 25, 2024 – Ashford Inc. announced today that Mr. W. Michael Murphy, a member of its Board of Directors, passed away on July 24, 2024. Mr. Murphy had a distinguished career in the hotel industry and has been a key member of the Company’s Board of Directors, serving since August 2018. Prior to serving on the board of Ashford Inc., Michael served on the board of Braemar Hotels & Resorts (NYSE: BHR) from 2013 to 2015 and he served on the board of Ashford Hospitality Trust (NYSE: AHT) from 2003 to 2013.
“We are very saddened to announce Michael’s passing,” commented Monty J. Bennett, Ashford Inc.’s Chairman and Chief Executive Officer. “We will miss him, both as a friend and as a valued business leader. On behalf of the directors and management of Ashford Inc. and the entire Ashford Group of Companies, we extend our heartfelt condolences to Michael’s family during this difficult time.”




v3.24.2
Cover Page Cover Page
Jul. 25, 2024
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Jul. 25, 2024
Entity Registrant Name ASHFORD INC.
Entity Incorporation, State or Country Code NV
Entity File Number 001-36400
Entity Tax Identification Number 84-2331507
Entity Address, Address Line One 14185 Dallas Parkway
Entity Address, Address Line Two Suite 1200
Entity Address, City or Town Dallas
Entity Address, State or Province TX
Entity Address, Postal Zip Code 75254
City Area Code 972
Local Phone Number 490-9600
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001604738
Amendment Flag false
Common Stock  
Entity Information [Line Items]  
Title of 12(b) Security Common Stock
Trading Symbol AINC
Security Exchange Name NYSEAMER
Preferred Stock Purchase Right  
Entity Information [Line Items]  
Title of 12(b) Security Preferred Stock Purchase Rights
Security Exchange Name NYSEAMER
No Trading Symbol Flag true
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