DRH on Nasdaq
DiamondRock Hospitality Co
DiamondRock Hospitality Company is a self-managed and self-administered lodging-focused real estate investment trust ("REIT") that owns a portfolio of premium hotels and resorts.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerDRH on Nasdaq1
- IndustryReal Estate Investment Trusts1
- HeadquartersBethesda, Maryland1
- Business address7373 Wisconsin Avenue, Suite 1900, Bethesda, Md2
- Filer categoryLarge accelerated filer2
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DiamondRock Hospitality Company is a self-managed and self-administered lodging-focused real estate investment trust ("REIT") that owns a portfolio of premium hotels and resorts. As of December 31, 2025, we owned 35 hotels with 9,595 rooms located in 26 markets in the United States. The markets that we target for ownership are those that we believe align with our strategic objectives, which include those in destination markets with constrained supply trends, those that provide geographic diversity relative to our existing portfolio, and those we consider to have high demand growth potential. Each hotel is positioned to maximize its cash flow and value; accordingly, we choose to operate nearly 40% of our portfolio as an independent hotel and the remainder are operated under a brand owned by one of the leading global lodging brand companies (Marriott International, Hilton Worldwide, or IHG…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Occupancy brought in 65% of the revenue DiamondRock Hospitality Co broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Occupancy | $717.4M | $742.6M | $728.6M |
| Food and Beverage | $259.8M | $281.7M | $281.8M |
| Hotel, Owned | $97.7M | $105.6M | $110.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs91¢$1.0B
- Income tax0¢$1.2M
- Profit9¢$101.4M
Out of $1.1B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid40¢$98.3M
- Share buybacks15¢$37.1M
- Kept or used elsewhere44¢$108.2M
Out of $243.7M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $1.1B | $1.1B | $1.1B |
| Depreciation and amortization | $113.1M | $113.6M | $111.3M |
| Impairment losses | $1.1M | $34.2M | $941.0K |
| Corporate expenses | $34.4M | $52.9M | $32.0M |
| Business interruption insurance income | $0 | $0 | -$647.0K |
| Total operating expenses, net | $957.9M | $1.0B | $925.4M |
| Interest expense | $62.8M | $65.5M | $65.1M |
| Interest (income) and other (income) expense, net | -$6.8M | -$4.3M | -$2.6M |
| Loss on debt extinguishment | $5.8M | $0 | $0 |
| Total other expenses, net | $61.9M | $61.2M | $62.5M |
| Income before income taxes | $100.7M | $49.8M | $87.0M |
| Income tax benefit (expense) | $1.2M | -$1.5M | -$317.0K |
| Net income | $101.9M | $48.2M | $86.6M |
| Less: Net income attributable to noncontrolling interests | -$509.0K | -$203.0K | -$295.0K |
| Net income attributable to the Company | $101.4M | $48.0M | $86.3M |
| Distributions to preferred stockholders | -$9.8M | -$9.8M | -$9.8M |
| Net income attributable to common stockholders | $91.6M | $38.2M | $76.5M |
| Earnings per share available to common stockholdersbasic (in dollars per share) | $0.44 | $0.18 | $0.36 |
| Earnings per share available to common stockholdersdiluted (in dollars per share) | $0.44 | $0.18 | $0.36 |
| Basic (in shares) | 206.2M shares | 210.3M shares | 211.5M shares |
| Diluted (in shares) | 208.3M shares | 211.2M shares | 212.3M shares |
| Unrealized gain (loss) on interest rate derivative instruments | -$4.7M | $353.0K | -$2.6M |
| Unrealized loss on Rabbi trust assets | $349.0K | $326.0K | $591.0K |
| Amounts reclassified from other comprehensive income | -$718.0K | $0 | $0 |
| Comprehensive income | $96.9M | $48.9M | $84.6M |
| Comprehensive income attributable to noncontrolling interests | -$484.0K | -$209.0K | -$288.0K |
| Comprehensive income attributable to the Company | $96.4M | $48.7M | $84.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Property and equipment, net | $2.6B | $2.6B | ||
| Assets held for sale | $0 | $93.4M | ||
| Right-of-use assets | $89.0M | $89.9M | ||
| Restricted cash | $35.1M | $47.4M | $45.6M | |
| Due from hotel managers | $137.8M | $145.9M | ||
| Prepaid and other assets | $77.2M | $83.0M | ||
| Cash and cash equivalents | $68.1M | $81.4M | $121.6M | |
| Total assets | $3.0B | $3.2B | ||
| Debt, net of unamortized debt issuance costs | $1.1B | $1.1B | ||
| Lease liabilities | $87.1M | $85.2M | ||
| Due to hotel managers | $109.6M | $121.7M | ||
| Liabilities of assets held for sale | $0 | $3.4M | ||
| Deferred rent | $77.4M | $73.5M | ||
| Unfavorable contract liabilities, net | $56.5M | $58.2M | ||
| Accounts payable and accrued expenses | $83.9M | $79.2M | ||
| Distributions declared and unpaid | $25.9M | $49.0M | $6.3M | |
| Deferred income related to key money, net | $7.4M | $7.7M | ||
| Total liabilities | $1.5B | $1.6B | ||
| Preferred stock, $0.01 par value; 10,000,000 shares authorized: 8.250% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), no shares issued and outstanding at December 31, 2025; 4,760,000 shares issued and outstanding at December 31, 2024 | $0 | $48.0K | ||
| Common stock, $0.01 par value; 400,000,000 shares authorized; 203,703,182 and 207,592,210 shares issued and outstanding at December 31, 2025 and 2024, respectively | $2.0M | $2.1M | ||
| Additional paid-in capital | $2.1B | $2.3B | ||
| Accumulated other comprehensive loss | -$6.4M | -$1.4M | ||
| Distributions in excess of earnings | -$662.2M | -$679.0M | ||
| Total stockholders' equity | $1.4B | $1.6B | ||
| Noncontrolling interests | $9.2M | $8.7M | ||
| Total equity | $1.5B | $1.6B | $1.6B | $1.6B |
| Total liabilities and equity | $3.0B | $3.2B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Liquidation preference per share (in dollars per share) | $25 | $25 | ||
| Preferred stock, shares issued (in shares) | 0 shares | 4.8M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 4.8M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 203.7M shares | 207.6M shares | ||
| Common stock, shares outstanding (in shares) | 203.7M shares | 207.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Property and equipment, net | $2.6B | $2.6B | ||
| Assets held for sale | $0 | $93.4M | ||
| Right-of-use assets | $89.0M | $89.9M | ||
| Restricted cash | $35.1M | $47.4M | $45.6M | |
| Due from hotel managers | $137.8M | $145.9M | ||
| Prepaid and other assets | $77.2M | $83.0M | ||
| Cash and cash equivalents | $68.1M | $81.4M | $121.6M | |
| Total assets | $3.0B | $3.2B | ||
| Debt, net of unamortized debt issuance costs | $1.1B | $1.1B | ||
| Lease liabilities | $87.1M | $85.2M | ||
| Due to hotel managers | $109.6M | $121.7M | ||
| Liabilities of assets held for sale | $0 | $3.4M | ||
| Deferred rent | $77.4M | $73.5M | ||
| Unfavorable contract liabilities, net | $56.5M | $58.2M | ||
| Accounts payable and accrued expenses | $83.9M | $79.2M | ||
| Distributions declared and unpaid | $25.9M | $49.0M | $6.3M | |
| Deferred income related to key money, net | $7.4M | $7.7M | ||
| Total liabilities | $1.5B | $1.6B | ||
| Preferred stock, $0.01 par value; 10,000,000 shares authorized: 8.250% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), no shares issued and outstanding at December 31, 2025; 4,760,000 shares issued and outstanding at December 31, 2024 | $0 | $48.0K | ||
| Common stock, $0.01 par value; 400,000,000 shares authorized; 203,703,182 and 207,592,210 shares issued and outstanding at December 31, 2025 and 2024, respectively | $2.0M | $2.1M | ||
| Additional paid-in capital | $2.1B | $2.3B | ||
| Accumulated other comprehensive loss | -$6.4M | -$1.4M | ||
| Distributions in excess of earnings | -$662.2M | -$679.0M | ||
| Total stockholders' equity | $1.4B | $1.6B | ||
| Noncontrolling interests | $9.2M | $8.7M | ||
| Total equity | $1.5B | $1.6B | $1.6B | $1.6B |
| Total liabilities and equity | $3.0B | $3.2B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Liquidation preference per share (in dollars per share) | $25 | $25 | ||
| Preferred stock, shares issued (in shares) | 0 shares | 4.8M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 4.8M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 203.7M shares | 207.6M shares | ||
| Common stock, shares outstanding (in shares) | 203.7M shares | 207.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $101.9M | $48.2M | $86.6M |
| Depreciation and amortization | $113.1M | $113.6M | $111.3M |
| Corporate asset depreciation as corporate expenses | $204.0K | $121.0K | $192.0K |
| Loss on debt extinguishment | $5.8M | $0 | $0 |
| Non-cash lease expense and other amortization | $5.1M | $6.0M | $6.2M |
| Non-cash interest rate swap fair value adjustment | $0 | $0 | $2.0M |
| Amortization of debt issuance costs | $2.0M | $2.0M | $2.1M |
| Impairment losses | $1.1M | $34.2M | $941.0K |
| Amortization of deferred income related to key money | -$341.0K | -$431.0K | -$431.0K |
| Share-based compensation | $7.4M | $12.0M | $8.8M |
| Deferred income tax expense | -$2.9M | -$449.0K | -$975.0K |
| Prepaid expenses and other assets | $5.8M | -$3.9M | -$3.7M |
| Due to/from hotel managers | -$3.0M | $3.5M | $24.2M |
| Accounts payable and accrued expenses | $7.4M | $9.7M | $420.0K |
| Net cash provided by operating activities | $243.7M | $224.4M | $237.6M |
| Capital expenditures | -$81.6M | -$81.6M | -$86.3M |
| Property acquisitions | $0 | -$30.5M | -$32.7M |
| Net proceeds from sale of hotel property | $89.0M | $0 | $0 |
| Acquisition of interest in land | $0 | $0 | -$1.8M |
| Net cash provided by (used in) investing activities | $7.5M | -$112.1M | -$120.8M |
| Mortgage debt principal payments | -$295.8M | -$82.4M | -$9.5M |
| Repurchases of common stock | -$37.1M | -$26.0M | -$2.4M |
| Proceeds from senior unsecured term loan | $300.0M | $0 | $0 |
| Draws on senior unsecured credit facility | $60.0M | $0 | $0 |
| Repayments of senior unsecured credit facility | -$60.0M | $0 | $0 |
| Payment of financing costs | -$11.6M | $0 | $0 |
| Distributions on common stock and units | -$98.3M | -$25.6M | -$31.9M |
| Distributions on preferred stock | -$9.8M | -$9.8M | -$9.8M |
| Redemption of preferred stock | -$119.0M | $0 | $0 |
| Shares redeemed to satisfy tax withholdings on vested share-based compensation | -$5.1M | -$6.9M | -$3.0M |
| Net cash used in financing activities | -$276.7M | -$150.7M | -$56.7M |
| Net (decrease) increase in cash and cash equivalents, and restricted cash | -$25.6M | -$38.4M | $60.0M |
| Cash paid for interest | $58.8M | $63.8M | $60.4M |
| Cash paid for income taxes, net of refunds | $531.0K | $4.7M | $2.7M |
| Accrued capital expenditures | $2.5M | $5.4M | $4.7M |
| Redemption of Operating Partnership units for common stock | $0 | $0 | $365.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led DiamondRock Hospitality Co, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJeffrey Donnelly May 8, 2024 to now12
- Chief executive officerMark W. Brugger Sep 17, 2008 to Feb 29, 202413
- Chief executive officerWilliam W. McCarten Jan 24, 2006 to Aug 5, 200814
- ChairWilliam W. McCarten Jan 24, 2006 to Aug 6, 200914
- PresidentJustin L. Leonard May 8, 2024 to now15
- PresidentMark W. Brugger Oct 11, 2013 to Feb 29, 202416
- Chief financial officerBriony R. Quinn May 8, 2024 to now17
- Chief financial officerJeffrey Donnelly Aug 22, 2019 to Feb 29, 202418
- Chief financial officerSean M. Mahoney Sep 17, 2008 to Mar 5, 201819
- Chief financial officerMark W. Brugger Jan 24, 2006 to Aug 5, 200820
- Chief operating officerJustin L. Leonard Jul 27, 2022 to now21
- Chief operating officerThomas G. Healy Jan 25, 2017 to Mar 1, 202222
- Chief operating officerRobert Tanenbaum May 9, 2013 to Mar 1, 201623
Board members and other officers (22)
- Chief Accounting OfficerSteve Spierto May 21, 2024 to now24
- Chief Accounting OfficerBriony R. Quinn Mar 3, 2014 to Feb 29, 202425
- Chief Investment OfficerTroy Furbay Apr 11, 2014 to Feb 29, 202426
- Chief Accounting OfficerSean M. Mahoney Jan 24, 2006 to Aug 5, 200827
- Executive Vice President and CMark W. Brugger Apr 11, 2006 to Apr 11, 200628
- Board memberStephanie Lepori Jan 15, 2025 to now29
- Board memberJeffrey Donnelly May 8, 2024 to now12
- Board memberTabassum Zalotrawala May 20, 2021 to now30
- Board memberMichael A. Hartmeier Oct 7, 2020 to now31
- Board memberKathleen Wayton Feb 22, 2019 to now32
- Board memberWilliam Shaw Oct 5, 2016 to now33
- Board memberTimothy Chi Jul 28, 2015 to now34
- Board memberBruce D. Wardinski Jan 14, 2013 to now35
- Board memberWilliam W. McCarten Feb 29, 2008 to now36
- Board memberMark W. Brugger Sep 17, 2008 to Feb 29, 202413
- Board memberDaniel Joseph Altobello Jul 27, 2006 to May 16, 201837
- Board memberGilbert T. Ray Jul 27, 2006 to May 15, 202038
- Board memberMaureen L. McAvey Jul 27, 2006 to May 15, 202039
- Board memberW. Robert Grafton Jul 27, 2006 to Apr 13, 201640
- General counselAnika Fischer Jul 8, 2024 to now41
- General counselWilliam J. Tennis Jan 12, 2010 to May 8, 202442
- General counselMichael D. Schecter Jan 24, 2006 to Jan 5, 201043
Timeline
Filings
242 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 70 major events, 108 insider forms, 20 large holders, 24 other. The latest 20:
- Oct 8, 20268-K EDGAR
- Sep 10, 20268-K EDGAR
- Jul 30, 202610-Q EDGAR
- Jul 30, 20268-K EDGAR
- Jul 15, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 12, 2026144 EDGAR
- May 13, 2026144 EDGAR
- May 13, 20264 EDGAR
- May 5, 20264 EDGAR
- May 5, 20264 EDGAR
- May 5, 20264 EDGAR
- May 5, 20264 EDGAR
- May 5, 20264 EDGAR
- May 5, 20264 EDGAR
- May 5, 20264 EDGAR
- May 4, 20268-K EDGAR
- Apr 30, 202610-Q EDGAR
- Apr 30, 20268-K EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
The 242 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 5 buys and 5 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 14, 2026 | Lepori StephanieDirector | Buy | 111 | $12.08 | $1.3K | Form 4 |
| Jun 12, 2026 | Merrill KathleenDirector | Sale | 20,000 | $11.88 | $237.6K | Form 4 |
| May 13, 2026 | Hartmeier Michael A.Director | Sale | 20,000 | $10.46 | $209.2K | Form 4 |
| Apr 14, 2026 | Lepori StephanieDirector | Buy | 131 | $10.17 | $1.3K | Form 4 |
| Mar 3, 2026 | Spierto SteveSVP, Chief Accounting Officer | Sale | 4,000 | $9.93 | $39.7K | Form 4 |
| Jan 14, 2026 | Lepori StephanieDirector | Buy | 188 | $9.26 | $1.7K | Form 4 |
| Oct 14, 2025 | Lepori StephanieDirector | Buy | 154 | $7.51 | $1.2K | Form 4 |
| Mar 11, 2025 | Donnelly JeffreyChief Executive Officer | Buy | 10,000 | $7.98 | $79.8K | Form 4 |
| Feb 2, 2023 | Brugger Mark WPresident and CEO | Sale | 24,310 | $10.00 | $243.1K | Form 4 |
| Nov 8, 2021 | Tennis William JEVP & General Counsel | Sale | 30,000 | $10.90 | $327.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202644
- VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 9, 2022 to Mar 26, 202645
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Feb 5, 202646
- FMR LLCSC 13G/A, 4 filings Feb 9, 2022 to Oct 7, 202447
- State Street CorporationSC 13G/A, 3 filings Feb 10, 2022 to Jan 30, 202448
- InvescoSC 13G/A, 1 filing Jan 31, 202249
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 39,021,507 | $475.3M | 0.0% | +1,449,607 |
| Vanguard Portfolio Management LLC | 24,340,017 | $296.5M | 0.0% | +787,653 |
| State Street Corp | 12,144,765 | $149.0M | 0.0% | +27,964 |
| Bank Of America Corp /de/ | 10,649,401 | $129.7M | 0.0% | +1,662,063 |
| Vanguard Capital Management LLC | 9,214,336 | $112.2M | 0.0% | +46,804 |
| Centersquare Investment Management LLC | 7,262,068 | $88.5M | 0.8% | +825,004 |
| Alyeska Investment Group, L.P. | 6,210,713 | $75.6M | 0.2% | −1,875,966 |
| Geode Capital Management, LLC | 6,204,786 | $75.6M | 0.0% | +303,620 |
| UBS Group AG | 4,756,610 | $57.9M | 0.0% | −950,602 |
| Charles Schwab Investment Management Inc | 4,731,546 | $57.6M | 0.0% | −663,410 |
| Nomura Asset Management International Inc. | 4,705,671 | $57.3M | 0.1% | +27,370 |
| Jpmorgan Chase & Co | 4,413,797 | $54.2M | 0.0% | +124,788 |
| Northern Trust Corp | 3,074,740 | $37.5M | 0.0% | +246,986 |
| Dimensional Fund Advisors LP | 3,070,247 | $37.4M | 0.0% | +98,076 |
| Pzena Investment Management LLC | 2,829,560 | $34.5M | 0.1% | −5,019 |
| Morgan Stanley | 2,639,559 | $32.1M | 0.0% | +76,932 |
| Goldman Sachs Group Inc | 2,626,234 | $32.0M | 0.0% | +1,771,734 |
| Heitman Real Estate Securities LLC | 2,441,779 | $29.7M | 1.9% | −232,770 |
| Healthcare Of Ontario Pension Plan Trust Fund | 2,385,575 | $29.1M | 0.0% | +214,125 |
| Arrowstreet Capital, Limited Partnership | 2,306,701 | $28.1M | 0.0% | −105,351 |
| Two Sigma Investments, LP | 2,199,237 | $26.8M | 0.0% | +617,498 |
| Aqr Capital Management LLC | 2,156,605 | $26.3M | 0.0% | −17,021 |
| Victory Capital Management Inc | 2,095,690 | $25.5M | 0.0% | +17,461 |
| Ameriprise Financial Inc | 1,894,841 | $23.1M | 0.0% | +384,929 |
| Schroder Investment Management Group | 1,824,494 | $22.2M | 0.0% | −275,956 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 12, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $1,001 - $15,000 | +9.6% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARJustin L. Leonard, President
- 16SEC EDGARMark W. Brugger, President
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- 29SEC EDGARStephanie Lepori, Board member
- 30SEC EDGARTabassum Zalotrawala, Board member
- 31SEC EDGARMichael A. Hartmeier, Board member
- 32SEC EDGARKathleen Wayton, Board member
- 33SEC EDGARWilliam Shaw, Board member
- 34SEC EDGARTimothy Chi, Board member
- 35SEC EDGARBruce D. Wardinski, Board member
- 36SEC EDGARWilliam W. McCarten, Board member
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- 38SEC EDGARGilbert T. Ray, Board member
- 39SEC EDGARMaureen L. McAvey, Board member
- 40SEC EDGARW. Robert Grafton, Board member
- 41SEC EDGARAnika Fischer, General counsel
- 42SEC EDGARWilliam J. Tennis, General counsel
- 43SEC EDGARMichael D. Schecter, General counsel
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