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Pebblebrook Hotel Trust – ‘8-K’ for 3/15/21

On:  Monday, 3/15/21, at 4:32pm ET   ·   For:  3/15/21   ·   Accession #:  1474098-21-65   ·   File #:  1-34571

Previous ‘8-K’:  ‘8-K’ on 3/4/21 for 3/3/21   ·   Next:  ‘8-K’ on 4/5/21 for 4/1/21   ·   Latest:  ‘8-K’ on / for 5/13/21   ·   3 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/15/21  Pebblebrook Hotel Trust           8-K:7,8,9   3/15/21   13:307K

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     37K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     14K 
 9: R1          Document and Entity Information Document            HTML     60K 
11: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- peb-20210315_htm                    XML     38K 
10: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.CAL  XBRL Calculations -- peb-20210315_cal                XML      7K 
 5: EX-101.DEF  XBRL Definitions -- peb-20210315_def                 XML     45K 
 6: EX-101.LAB  XBRL Labels -- peb-20210315_lab                      XML     95K 
 7: EX-101.PRE  XBRL Presentations -- peb-20210315_pre               XML     46K 
 3: EX-101.SCH  XBRL Schema -- peb-20210315                          XSD     13K 
12: JSON        XBRL Instance as JSON Data -- MetaLinks               15±    23K 
13: ZIP         XBRL Zipped Folder -- 0001474098-21-000065-xbrl      Zip     20K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



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  peb-20210315  
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM  i 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):  i March 15, 2021

 i PEBBLEBROOK HOTEL TRUST
(Exact name of registrant as specified in its charter)
 i Maryland  i 001-34571  i 27-1055421
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
 i 4747 Bethesda Avenue, i Suite 1100 
 i Bethesda, i Maryland i 20814
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: ( i 240 i 507-1300
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:

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

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

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

 i      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 classTrading Symbol(s)Name of each exchange on which registered
 i Common Shares, $0.01 par value per share i PEB i New York Stock Exchange
 i Series C Cumulative Redeemable Preferred Shares, $0.01 par value i PEB-PC i New York Stock Exchange
 i Series D Cumulative Redeemable Preferred Shares, $0.01 par value i PEB-PD i New York Stock Exchange
 i Series E Cumulative Redeemable Preferred Shares, $0.01 par value i PEB-PE i New York Stock Exchange
 i Series F Cumulative Redeemable Preferred Shares, $0.01 par value i PEB-PF i 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  i  

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 7.01. Regulation FD Disclosure.

On March 15, 2021, Pebblebrook Hotel Trust (the “Company”) issued a press release announcing that its Board of Trustees (the "Board") has declared cash dividends per share of its common and preferred shares of beneficial interest.

A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.

Item 8.01. Other Events.

On March 15, 2021, the Board declared a dividend of $0.01 per share on the Company's common shares of beneficial interest, $0.01 par value per share (“Common Shares”), for the quarter ending March 31, 2021 (the “Common Dividend”).

On March 15, 2021, the Board also declared a quarterly dividend of $0.40625 per share on the Company's 6.50% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (“Series C Preferred Shares”), for the quarter ending March 31, 2021 (the “Series C Preferred Dividend”).

On March 15, 2021, the Board also declared a quarterly dividend of $0.39844 per share on the Company's 6.375% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (“Series D Preferred Shares”), for the quarter ending March 31, 2021 (the “Series D Preferred Dividend”).

On March 15, 2021, the Board also declared a quarterly dividend of $0.39844 per share on the Company's 6.375% Series E Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (“Series E Preferred Shares”), for the quarter ending March 31, 2021 (the “Series E Preferred Dividend”).

On March 15, 2021, the Board also declared a quarterly dividend of $0.39375 per share on the Company's 6.30% Series F Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (“Series F Preferred Shares”), for the quarter ending March 31, 2021 (the “Series F Preferred Dividend”).

The Common Dividend is payable on April 15, 2021 to holders of record of Common Shares as of the close of business on March 31, 2021 (the “Record Date”).

The Series C Preferred Dividend is payable on April 15, 2021 to holders of record of Series C Preferred Shares as of the Record Date. The Series C Preferred Dividend represents a rate of 6.50% per annum of the $25 per share liquidation preference (equivalent to $1.625 per annum per share).

The Series D Preferred Dividend is payable on April 15, 2021 to holders of record of Series D Preferred Shares as of the Record Date. The Series D Preferred Dividend represents a rate of 6.375% per annum of the $25 per share liquidation preference (equivalent to $1.59375 per annum per share).

The Series E Preferred Dividend is payable on April 15, 2021 to holders of record of Series E Preferred Shares as of the Record Date. The Series E Preferred Dividend represents a rate of 6.375% per annum of the $25 per share liquidation preference (equivalent to $1.59375 per annum per share).

The Series F Preferred Dividend is payable on April 15, 2021 to holders of record of Series F Preferred Shares as of the Record Date. The Series F Preferred Dividend represents a rate of 6.30% per annum of the $25 per share liquidation preference (equivalent to $1.575 per annum per share).

This Current Report on Form 8-K contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements relate to the payment of the dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information.

These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company’s filings with the United States Securities and Exchange Commission (the "SEC"), including, without limitation, the Company’s Annual Report on Form 10-K



for the year ended December 31, 2020. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information about the Company’s business and financial results, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor Relations section of the Company’s website at www.pebblebrookhotels.com.


Item 9.01. Financial Statements and Exhibits.
(d) Exhibits

Exhibit No. Description
Press release, issued on March 15, 2021, regarding the dividends declaration.
101.SCHInline XBRL Taxonomy Extension Schema Document
101.CALInline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEFInline XBRL Taxonomy Extension Definition Linkbase Document
101.LABInline XBRL Taxonomy Extension Label Linkbase Document
101.PREInline XBRL Taxonomy Extension Presentation Linkbase Document
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)



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.
 PEBBLEBROOK HOTEL TRUST 
  
March 15, 2021By:  /s/ Raymond D. Martz
 Name:  Raymond D. Martz
  Title:  Executive Vice President, Chief Financial Officer, Treasurer and Secretary



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
4/15/21
3/31/21
Filed on / For Period end:3/15/21
12/31/2010-K
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/07/21  Pebblebrook Hotel Trust           424B5                  1:974K                                   Toppan Merrill/FA
 5/06/21  Pebblebrook Hotel Trust           424B5                  1:949K                                   Toppan Merrill/FA
 4/29/21  Pebblebrook Hotel Trust           424B5                  1:847K                                   Toppan Merrill/FA
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