-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mey8azf2/6H1Iq8mweZtg1R0I3npyMyrTimcnKJc2ZTBTDLtJPo9ME8NigjWZm+j d1f5M5/uCegALavgFGFLKw== 0001104659-08-016672.txt : 20080311 0001104659-08-016672.hdr.sgml : 20080311 20080311103648 ACCESSION NUMBER: 0001104659-08-016672 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080310 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080311 DATE AS OF CHANGE: 20080311 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DiamondRock Hospitality Co CENTRAL INDEX KEY: 0001298946 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32514 FILM NUMBER: 08679704 BUSINESS ADDRESS: STREET 1: 6903 ROCKLEDGE DRIVE STREET 2: SUITE 800 CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 240-744-1150 MAIL ADDRESS: STREET 1: 6903 ROCKLEDGE DRIVE STREET 2: SUITE 800 CITY: BETHESDA STATE: MD ZIP: 20817 8-K 1 a08-7810_18k.htm 8-K

 

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):      March 10, 2008

 

 

 

DiamondRock Hospitality Company

(Exact name of registrant as specified in charter)

 

Maryland

 

001-32514

 

20-1180098

(State or Other Jurisdiction
of Incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

 

6903 Rockledge Drive, Suite 800
Bethesda,  MD 20817

(Address of Principal Executive Offices)  (Zip Code)

 

(240) 744-1150
(Registrant’s telephone number, including area code)

 

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 Instruction A.2. below):

 

        o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

        o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

        o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

        o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

 

 

ITEM 8.01                                       Other Events

 

The Board of Directors of DiamondRock Hospitality Company (“DiamondRock”) has authorized the purchase by DiamondRock of up to 4.8 million shares of our common stock and DiamondRock intends to begin purchasing shares in the open market in a manner complying with the rules of the Securities Exchange Commission and the New York Stock Exchange.

 

The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, corporate liquidity requirements and other corporate priorities. DiamondRock may suspend or terminate its stock repurchase program at any time without prior notice. In addition, DiamondRock’s Board of Directors may, at any time, increase the authorization of the number of shares to be purchased.

 

On March 10, 2008, DiamondRock issued a press release announcing the stock repurchase program. The text of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

ITEM 9.01.  Financial Statements and Exhibits.

 

(d)       Exhibits.

 

See Index to Exhibits attached hereto.

 

 

 

2



 

 

 

SIGNATURE

 

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.

 

 

DIAMONDROCK HOSPITALITY COMPANY

 

 

 

 

 

 

Date: March 11, 2008

By:

/s/ Michael D. Schecter

 

 

Michael D. Schecter

 

 

Executive Vice President, General Counsel and
Corporate Secretary

 

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press release dated March 10, 2008.

 

 

 

 

4


EX-99.1 2 a08-7810_1ex99d1.htm EX-99.1

Exhibit 99.1

 

DiamondRock Hospitality Company

Corporate Headquarters

6903 Rockledge Drive

Bethesda, MD 20817

(240) 744-1150

 

 

 

NEWS

 

CONTACT:                              Mark Brugger
(240) 744-1150
info@drhc.com

 

DIAMONDROCK HOSPITALITY ANNOUNCES 4.8 MILLION SHARE STOCK BUY BACK PROGRAM

 

BETHESDA, MD — March 10, 2008 — DiamondRock Hospitality Company (“DiamondRock”) (NYSE: DRH) announced that its Board of Directors has authorized the purchase by DiamondRock of up to 4.8 million shares of our common stock and DiamondRock intends to begin purchasing shares in the open market in a manner complying with the rules of the Securities Exchange Commission and the New York Stock Exchange.

 

The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, corporate liquidity requirements and other corporate priorities.  DiamondRock may suspend or terminate its stock repurchase program at any time without prior notice. In addition, DiamondRock’s Board of Directors may, at any time, increase the authorization of the number of shares to be purchased.

 

About DiamondRock Hospitality Company

 

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of premium hotel properties.  DiamondRock owns 20 hotels with approximately 9,600 rooms.  For further information, please visit DiamondRock’s website at www.drhc.com.

 

 


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