CFO Deric Eubanks to Depart Braemar Hotels & Resorts; Justin Coe Appointed Principal Financial Officer
BHR sits 58% above its 52-week low of $1.8 on light trading volume (0.3× avg).
Summary
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.
Key Events · Executive and Board Changes · BHR
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CFO Departure Announced
Deric Eubanks will step down as Chief Financial Officer of Braemar Hotels & Resorts Inc., effective March 31, 2026.
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New Principal Financial Officer Appointed
Justin Coe, the current Chief Accounting Officer, will assume the role of principal financial officer upon Mr. Eubanks' departure.
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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.
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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.
Analysis · BHR · Real Estate & Construction
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.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BHR was trading at $2.85 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $194.4M. The 52-week trading range was $1.80 to $3.28. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.