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Service Properties Trust elects new independent trustee

Service Properties Trust added Jeanmarie Flaherty Cooney as an independent trustee and committee member, strengthening board financial and hospitality expertise.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Service Properties Trust (SVC) elected Jeanmarie Flaherty Cooney as an Independent Trustee, with her term expiring at the company’s 2027 annual meeting of shareholders. The Board of Trustees also appointed her to the Audit, Compensation, and Nominating and Governance Committees.

Ms. Cooney, age 60, previously served on the board of Playa Hotels & Resorts N.V. from 2022 to 2025, including as chair of its audit committee from 2023 until Playa’s sale to Hyatt Hotels Corporation in 2025. She held senior finance roles at Wyndham Worldwide from 2009 to 2018, including Executive Vice President and Chief Financial Officer for Wyndham Hotel Group, and worked on the 2018 spin-out of Wyndham Worldwide’s hotel business. Since 2020, she has been Chief Financial Officer of New York Road Runners. She will receive the standard compensation for Independent Trustees and is party to an indemnification agreement on substantially the same terms as those for other trustees and executive officers.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Election date September 15, 2026 Date Jeanmarie Flaherty Cooney was elected an Independent Trustee
Trustee term end 2027 annual meeting Term of service as Independent Trustee expires at 2027 annual meeting of shareholders
Age of new trustee 60 Age of Jeanmarie Flaherty Cooney at the time of election
Playa Hotels & Resorts board service 2022–2025 Period she served on Playa Hotels & Resorts N.V.’s board
Wyndham Worldwide tenure 2009–2018 Years she worked at Wyndham Worldwide in senior finance roles
New York Road Runners CFO since 2020 Year she began serving as Chief Financial Officer of New York Road Runners
Independent Trustee regulatory
"elected Jeanmarie Flaherty Cooney as an Independent Trustee with a term"
Nominating and Governance Committee regulatory
"pursuant to the recommendation of the Nominating and Governance Committee"
A nominating and governance committee is a group of board members tasked with choosing and evaluating directors, planning leadership succession, and setting the company’s board-related rules and ethical standards. Think of it as the company’s hiring and rule-making panel for its top overseers. Its work matters to investors because it shapes who governs the company, how leadership transitions are handled, and whether the board can effectively oversee management and protect shareholder interests.
indemnification agreement regulatory
"we entered into an indemnification agreement with Ms. Cooney"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Regulation S-K regulatory
"Item 404(a) of Regulation S-K promulgated under the Securities"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did Service Properties Trust (SVC) announce on September 15, 2026?

Service Properties Trust elected Jeanmarie Flaherty Cooney as an Independent Trustee with a term expiring at the company’s 2027 annual meeting of shareholders, and appointed her to the Audit, Compensation, and Nominating and Governance Committees.

What committees will Jeanmarie Flaherty Cooney serve on at SVC?

Jeanmarie Flaherty Cooney was appointed to SVC’s Audit Committee, Compensation Committee, and Nominating and Governance Committee as part of her election as an Independent Trustee.

What is Jeanmarie Flaherty Cooney’s relevant board experience before joining SVC?

From 2022 to 2025, Jeanmarie Flaherty Cooney served on the board of Playa Hotels & Resorts N.V., including as chair of its audit committee from 2023 until Playa’s sale to Hyatt Hotels Corporation in 2025.

What hospitality and finance background does SVC’s new trustee bring?

From 2009 to 2018, Jeanmarie Flaherty Cooney worked at Wyndham Worldwide, most recently as Executive Vice President and Chief Financial Officer for Wyndham Hotel Group and previously as Senior Vice President, Global Financial Planning & Analysis, and worked on the 2018 spin-out of its hotel business.

What is Jeanmarie Flaherty Cooney’s current role outside Service Properties Trust?

Since 2020, Jeanmarie Flaherty Cooney has served as the Chief Financial Officer of New York Road Runners, a nonprofit organization known for organizing the New York City Marathon and year-round running and community programs.

What indemnification protection does SVC provide to its new independent trustee?

In connection with her election, SVC entered into an indemnification agreement with Jeanmarie Flaherty Cooney, on substantially the same terms as the indemnification agreements in place for the company’s other trustees and executive officers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): September 15, 2026

 

SERVICE PROPERTIES TRUST

(Exact Name of Registrant as Specified in Its Charter)

 

Maryland

(State or Other Jurisdiction of Incorporation)

 

1-11527   04-3262075
(Commission File Number)   (IRS Employer Identification No.)

 

Two Newton Place
255 Washington Street, Suite 300
Newton, Massachusetts
  02458-1634
(Address of Principal Executive Offices)   (Zip Code)

 

617-964-8389

(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:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨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 Class   Trading Symbol(s)   Name Of Each Exchange
On Which Registered
Common Shares of Beneficial Interest   SVC   The Nasdaq Stock Market LLC

 

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 ¨

 

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. ¨

 

 

 

 

 

In this Current Report on Form 8-K, the terms “we”, “us”, “our” and “the Company” refer to Service Properties Trust.

 

Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On September 15, 2026, pursuant to the recommendation of the Nominating and Governance Committee, the Company’s Board of Trustees (the “Board”) elected Jeanmarie Flaherty Cooney as an Independent Trustee with a term to expire at the Company's 2027 annual meeting of shareholders. The Board appointed Ms. Cooney to serve on the Audit, Compensation and Nominating and Governance Committees.

 

From 2022 to 2025, Ms. Cooney, age 60, served on the board of directors of Playa Hotels & Resorts N.V., a public company with hotel assets in Mexico, Jamaica and the Dominican Republic (“Playa”), where she served as chair of its audit committee from 2023 until Playa’s sale to Hyatt Hotels Corporation in 2025. From 2009 to 2018, Ms. Cooney worked at Wyndham Worldwide, where she most recently served as Executive Vice President and Chief Financial Officer for Wyndham Hotel Group and previously as Senior Vice President, Global Financial Planning & Analysis for Wyndham Worldwide. While at Wyndham Worldwide, Ms. Cooney worked closely on the spin-out of Wyndham Worldwide’s hotel business from its time-share business in 2018. Since 2020, Ms. Cooney has served as the Chief Financial Officer of New York Road Runners, a nonprofit organization best known for organizing the New York City Marathon and its year round running and community programs.

 

The Board concluded that Ms. Cooney is qualified to serve as an Independent Trustee in accordance with the requirements of The Nasdaq Stock Market LLC, the Securities and Exchange Commission and our governing documents. For her service as an Independent Trustee, Ms. Cooney will be entitled to the compensation we generally provide to our Independent Trustees.

 

There is no arrangement or understanding between Ms. Cooney and any other person pursuant to which Ms. Cooney was selected as a Trustee. There are no transactions, relationships or agreements between Ms. Cooney and us that would require disclosure pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended. Ms. Cooney does not have a family relationship with any member of the Board or any of our executive officers.

 

In connection with her election as an Independent Trustee, we entered into an indemnification agreement with Ms. Cooney, which agreement is on substantially the same terms as the indemnification agreements we have entered into with our other Trustees and executive officers. We have previously filed a form of the indemnification agreement as Exhibit 10.1 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which form is incorporated herein by reference.

 

 

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.

 

  SERVICE PROPERTIES TRUST
     
     
  By: /s/ Brian E. Donley
  Name: Brian E. Donley
  Title: Chief Financial Officer and Treasurer

 

Dated: September 17, 2026

 

 

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