UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
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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:
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Securities registered pursuant to Section 12(b) of the Act:
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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
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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. ¨
In this Current Report on Form 8-K, the terms “we”, “us” and “our” refer to Service Properties Trust.
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 10, 2022, John G. Murray resigned as our President and Chief Executive Officer, effective March 31, 2022, in order to become President and Chief Executive Officer of Sonesta International Hotels Corporation. On that same date, our Board of Trustees appointed Todd W. Hargreaves, currently our Vice President and Chief Investment Officer, as our President, effective April 1, 2022, in addition to continuing in his current office of Chief Investment Officer.
Mr. Hargreaves, age 42, has served as our Vice President since June 2019 and as our Chief Investment Officer since May 2020. Mr. Hargreaves also serves as a senior vice president of our manager, The RMR Group LLC, or RMR LLC, responsible for all real estate and real estate related acquisitions at RMR LLC. Mr. Hargreaves joined RMR LLC in 2010 and has served in various capacities with RMR LLC since that time.
Mr. Hargreaves has advised us that he has no arrangement or understanding with any other person pursuant to which he was appointed as President, and, except as set forth below, Mr. Hargreaves has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Hargreaves does not have a family relationship with any member of our Board of Trustees or any of our executive officers.
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.
| SERVICE PROPERTIES TRUST | ||
| By: | /s/ Brian E. Donley | |
| Name: | Brian E. Donley | |
| Title: | Chief Financial Officer and Treasurer | |
Dated: March 14, 2022