CFO Deric Eubanks to Depart Braemar Hotels & Resorts; Justin Coe Appointed Principal Financial Officer

summarizeSummary

Braemar Hotels & Resorts announced the departure of CFO Deric Eubanks, effective March 31, 2026, with Chief Accounting Officer Justin Coe stepping in as principal financial officer, alongside a significant severance package for Eubanks.

check_boxKey Events

• CFO Departure Announced

  Deric Eubanks will step down as Chief Financial Officer of Braemar Hotels & Resorts Inc., effective March 31, 2026.

• New Principal Financial Officer Appointed

  Justin Coe, the current Chief Accounting Officer, will assume the role of principal financial officer upon Mr. Eubanks' departure.

• Significant Severance Package

  Mr. Eubanks will receive a $1,796,000 non-compete payment and continued vesting of $3,316,223 in deferred cash grants, along with an additional $200,000 for transition services.

• Restrictive Covenants and Consulting

  Mr. Eubanks remains bound by non-competition (12 months), non-solicitation (24 months), and standstill (24 months) covenants, and will provide consulting services during the vesting period of his deferred grants.

auto_awesomeAnalysis

The departure of CFO Deric Eubanks, effective March 31, 2026, represents a significant change in leadership for Braemar Hotels & Resorts. The substantial severance package, including a $1.796 million non-compete payment and continued vesting of over $3.3 million in deferred cash grants, will incur considerable costs for the company. This executive transition occurs amidst a period of notable board changes and the company's ongoing exploration of a potential sale, adding to the uncertainty. While an internal replacement, Justin Coe, has been named, the timing and financial terms of the departure warrant close investor attention.