Current Report · Items 5.02, 8.01, 9.01 · 8-K
RLJ Lodging Trust
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 15, 2025, the Board of Trustees (the “Board”) of RLJ Lodging Trust (the “Company”) appointed Nikhil Bhalla as Senior Vice President, Chief Financial Officer and Treasurer of the Company. Mr.…
Filed Sep 18, 2025Accepted Sep 18, 2025, 4:05 PM EDTCIK 1511337Accession 0001104659-25-091234
Company context
RLJ Lodging Trust ("RLJ") is a self-advised, publicly traded real estate investment trust that owns 94 premium-branded, rooms-oriented, high-margin, urban-centric hotels located within the heart of demand locations. Our hotels are geographically diverse and concentrated in major urban markets that provide multiple demand generators from business, leisure, and other travelers.
Current securities
Disclosure sections
Items 5.02, 8.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 15, 2025, the Board of Trustees
(the “Board”) of RLJ Lodging Trust (the “Company”) appointed Nikhil Bhalla as Senior Vice President, Chief Financial
Officer and Treasurer of the Company.
Mr. Bhalla, 51, joined the Company in July 2015,
serving as Vice President, Finance and Financial Planning & Analysis from July 2015 to March 2019, Vice President and
Treasurer, Corporate Strategy & Investor Relations from March 2019 to March 2021 and Senior Vice President, Finance
and Treasurer from March 2021 to September 2025. Prior to joining the Company, Mr. Bhalla served as Vice President, Equity
Research at FBR Capital Markets & Co. from September 2008 to July 2015, Director, Feasibility & Strategic
Analysis at Host Hotels & Resorts from June 2006 to July 2008 and Senior Associate at Susquehanna International Group,
LLP from January 2005 to May 2006. Mr. Bhalla received a bachelor’s degree in Hotel Administration from the Welcomgroup
Graduate School of Hotel Administration, India in 1995 and a master’s degree in hospitality administration and management from
Cornell University in 2003.
In connection with his appointment, the Company
and RLJ Lodging Trust, L.P., the Company’s operating partnership, entered into an employment agreement with Mr. Bhalla (the
“Employment Agreement”), pursuant to which Mr. Bhalla will be employed as Senior Vice President, Chief Financial Officer
and Treasurer of the Company.
The Employment Agreement is effective as of September 15,
2025. Including the automatic renewal term set forth in the agreement, the term of the Employment Agreement runs until September 15,
2029. Mr. Bhalla’s annual base salary will be $425,000, which base salary is subject to annual review and may be increased
but not decreased from time to time. Mr. Bhalla is eligible to receive (i) an annual cash bonus, with a target cash bonus opportunity
equal to 75% of his then-current base salary and (ii) ongoing equity incentive awards.
The Employment Agreement also (i) sets forth
Mr. Bhalla’s right to severance payments and/or benefits upon his termination of employment and (ii) contains customary
non-competition and non-solicitation covenants that apply during the term and for 12 months following the expiration or termination of
Mr. Bhalla’s employment.
A copy of the Employment Agreement is attached
to this report as Exhibit 10.1 and incorporated herein by reference. The summary set forth above is qualified in its entirety by
reference to Exhibit 10.1.
As a result of Mr. Bhalla’s appointment
as Chief Financial Officer of the Company, Leslie D. Hale ceased serving as interim principal financial officer of the Company.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events
On September 18, 2025, the Company issued
a press release announcing the appointment of Mr. Bhalla as Chief Financial Officer. A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated by reference herein.
Filed exhibits (1)
EX-99.1 (by filename) tm2526402d1_ex99-1.htmEX-99.1
3
tm2526402d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Press Release
RLJ Lodging Trust
Appoints Nikhil Bhalla as Chief Financial Officer
Bethesda, MD, September 18,
2025 - RLJ Lodging Trust (the “Company”) (NYSE: RLJ) announced today the appointment of Nikhil Bhalla as Chief Financial
Officer, effective immediately. Since joining the Company in 2015, Nikhil has held a variety of leadership positions, most recently serving
as Senior Vice President of Finance and Treasurer. During his tenure at RLJ, Nikhil has demonstrated exceptional leadership across multiple
critical areas, including corporate strategy, treasury, investor relations, as well as financial planning and analysis functions.
"Nikhil has
made many contributions to the success of RLJ and has been an invaluable member of our leadership team for over a decade, consistently
demonstrating strategic insight, financial acumen, and operational excellence, making him the ideal choice for CFO," said Leslie
D. Hale, President and Chief Executive Officer of the Company. "His deep understanding of our industry, institutional knowledge,
combined with broad financial expertise, makes him well suited to continue to capitaliz…
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