Form 8-K
8-K — RLJ Lodging Trust
Accession: 0001104659-26-052887
Filed: 2026-04-30
Period: 2026-04-24
CIK: 0001511337
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Submission of Matters to a Vote of Security Holders
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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):
April 24, 2026
RLJ LODGING TRUST
(Exact name of Registrant as Specified in Its
Charter)
Maryland
001-35169
27-4706509
(State
or Other Jurisdiction
of
Incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
7373 Wisconsin Avenue, Suite
1500
Bethesda,
Maryland
20814
(Address
of Principal Executive Offices)
(Zip
Code)
(301) 280-7777
(Registrant’s
Telephone Number, Including Area Code)
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 (see General Instructions 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 Act:
Title of each class
Trading Symbol
Name
of each exchange on which registered
Common
Shares of beneficial interest, par value $0.01 per share
RLJ
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. ¨
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
RLJ Lodging Trust 2026 Equity Incentive Plan
As described below in Item 5.07 of this Current
Report on Form 8-K, on April 24, 2026, at the Annual Meeting (as defined below), the shareholders of RLJ Lodging Trust (the “Company”)
approved the RLJ Lodging Trust 2026 Equity Incentive Plan (the “2026 Plan”), which will replace the RLJ Lodging Trust 2021
Equity Incentive Plan (the “2021 Plan”). The Board of Trustees of the Company (the “Board”) adopted the 2026 Plan
on March 13, 2026, subject to the receipt of shareholder approval at the Annual Meeting.
Term.
The 2026 Plan was effective as of April 24, 2026, the date of the Annual Meeting (the “Effective Date”). The 2026 Plan terminates
automatically on the day before the tenth anniversary of the Effective Date, unless it is earlier terminated by the committee of the Board
designated by the Board to administer the 2026 Plan.
Eligibility.
Awards may be granted under the 2026 Plan to any employee, officer, trustee, consultant, or adviser (who is a natural person) currently
providing services to the Company or its affiliates.
Awards.
The following types of awards may be made under the 2026 Plan, subject to limitations set forth in the 2026 Plan:
· options, which may be incentive share options or non-qualified share options;
· share appreciation rights;
· restricted shares;
· unrestricted shares;
· share units;
· dividend equivalent rights;
· performance awards;
· long-term incentive awards or “LTIP Units”;
· other equity-based awards; or
· cash.
Shares
Available for Issuance. Subject to adjustment as provided in the 2026 Plan, the maximum number of common shares of the Company
that are available for issuance under the 2026 Plan will be equal to the sum of (i) 4,763,000 shares, plus (ii) the number of shares available
for future awards under the 2021 Plan as of the Effective Date, plus (iii) the number of shares related to awards outstanding under the
2021 Plan as of the Effective Date that thereafter terminate by expiration or forfeiture, cancellation, or otherwise without the issuance
of such shares or that would again be available for issuance under the 2021 Plan.
A
description of the material terms of the 2026 Plan is set forth in Proposal 4 contained in the Company’s Proxy Statement for the Annual Meeting filed with the Securities and Exchange Commission (the “SEC”) on March 23, 2026. The above description
of certain terms of the 2026 Plan is qualified in all respects by the full text of the 2026 Plan, which the Company will file as an exhibit
to its Quarterly Report on Form 10-Q for the quarter ending June 30, 2026. Copies of the forms of restricted shares agreement and performance
share unit agreement will also be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the quarter ending June
30, 2026.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On
April 24, 2026, the Company held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”) at which (i) trustees were
elected, (ii) the appointment of PricewaterhouseCoopers LLP (“PWC”), the Company’s independent registered public accounting
firm, for the fiscal year ending December 31, 2026 was ratified, (iii) the compensation program for the Company’s named executive
officers was approved in an advisory vote, and (iv) the 2026 Plan was approved. The proposals are described in detail in the Company’s Proxy Statement for the Annual Meeting, which was filed with the SEC on March 23, 2026. The final results for the votes regarding
each proposal are set forth below.
Election of Trustees
The following persons were duly elected as trustees
of the Company until the 2026 Annual Meeting of Shareholders and until their successors are duly elected and qualified: Robert L. Johnson,
Leslie D. Hale, Evan Bayh, Arthur R. Collins, Nathaniel A. Davis, Patricia L. Gibson, Robert M. La Forgia, Robert J. McCarthy and Robin
Zeigler. The table below sets forth the voting results for each trustee nominee:
Nominee
Votes For
Votes Against
Abstentions
Broker
Non-Votes
Robert L. Johnson
107,517,178
5,633,406
11,926
5,252,896
Leslie D. Hale
112,021,180
1,131,360
9,970
5,252,896
Evan Bayh
106,344,279
6,808,070
10,161
5,252,896
Arthur R. Collins
108,347,129
4,598,320
217,061
5,252,896
Nathaniel A. Davis
106,615,806
6,534,551
12,153
5,252,896
Patricia L. Gibson
108,366,208
4,578,779
217,523
5,252,896
Robert M. La Forgia
107,226,242
5,925,774
10,494
5,252,896
Robert J. McCarthy
108,384,247
4,767,767
10,496
5,252,896
Robin Zeigler
108,329,821
4,616,153
216,536
5,252,896
Ratification of PWC as the Company’s Independent Registered
Public Accounting Firm
At the Annual Meeting, the Company’s shareholders
ratified the appointment of PWC as the Company’s independent registered public accounting firm for the fiscal year ending December
31, 2026. The table below sets forth the voting results for this proposal:
Votes For
Votes Against
Abstentions
Broker Non-Votes
112,401,134
5,980,919
33,353
—
Advisory Vote to Approve Named Executive Officer Compensation
At the Annual Meeting, the Company’s shareholders
voted on a non-binding resolution to approve the compensation program for the Company’s named executive officers. The table below
sets forth the voting results for this proposal:
Votes For
Votes Against
Abstentions
Broker Non-Votes
99,057,306
14,041,217
63,987
5,252,896
Approval of the RLJ Lodging Trust 2026 Equity Incentive Plan
At the Annual Meeting, the Company’s shareholders
approved the 2026 Plan, as described above in Item 5.02 of this Current Report on Form 8-K. The table below sets forth the voting
results for this proposal:
Votes For
Votes Against
Abstentions
Broker Non-Votes
109,275,582
3,835,789
51,139
5,252,896
SIGNATURES
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.
RLJ LODGING TRUST
Date: April 30, 2026
By:
/s/ Leslie D. Hale
Leslie D. Hale
President and Chief Executive Officer
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