Short answer
Sunstone Hotel Investors, Inc. (SHO) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers), Item 5.07 (Submission of Matters to a Vote of Security Holders), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 results for quarter ended March 31, 2026, released May 5, 2026.
Sunstone Hotel Investors, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 results for quarter ended March 31, 2026, released May 5, 2026
- Press release and supplemental financial information available as Exhibits 99.1 and 99.2
- Investors should review exhibits for operating metrics, earnings details, and outlook implications
Item 5.02 · Departure/Election of Directors or Officers
- General Counsel David Klein departing May 31, 2026 as Sunstone eliminates the position
- $1.5M cash payment reduced by value of accelerated equity awards
- Accelerated vesting covering 73,920 common shares, creating potential dilution and retention-cost implications
- COBRA health coverage for Klein and dependents for up to 18 months
- Transition assistance and post-departure cooperation required under separation terms
Item 5.07 · Submission of Matters to a Vote of Security Holders
- All nine director nominees elected, preserving board continuity
- Douglas M. Pasquale faced strongest opposition, with 27,438,088 votes against
- Ernst & Young appointment ratified for fiscal 2026, with 168,223,073 votes for
- Executive compensation approved on an advisory basis, with 161,854,678 votes for
Item EX-99.1 · Exhibit EX-99.1
- Q1 net income attributable to common stockholders rose to $16.0M, or $0.08 per diluted share, from $1.3M
- Portfolio RevPAR increased 14.6% to $255.04, while RevPAR excluding Andaz Miami Beach grew 5.7%
- Adjusted EBITDAre rose 18.3% to $67.7M and Adjusted FFO per diluted share increased 28.6% to $0.27
- 2026 guidance midpoint increased $7.5M for net income, Adjusted EBITDAre, and Adjusted FFO
- $49.2M allocated to common and preferred stock repurchases through May 1, with $458.3M remaining authorization
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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