CHOICE HOTELS INTERNATIONAL INC /DE

Choice Hotels International shareholders approved an amendment to the Certificate of Incorporation, increasing the Board of Directors' size range from 3-12 to 5-15 directors. The Board also approved corresponding amendments to the company's bylaws. Additionally, shareholders elected eleven directors, approved the advisory vote on executive compensation, and ratified Ernst & Young LLP as the independent auditor for 2026.

Choice Hotels International announced a leadership transition, with Patrick S. Pacious stepping down as President and CEO, effective May 20, 2026. He will serve as an advisor through August 31, 2026. Dominic E. Dragisich, Chief Growth & Strategy Officer, has been appointed Interim CEO, effective the same date, and will receive a $500,000 cash bonus and a $500,000 restricted stock unit award. The Board has formed a search committee to find a permanent CEO. The company also reaffirmed its full-year 2026 financial guidance.

CHOICE HOTELS INTERNATIONAL INC /DE reported a significant decline in its first-quarter 2026 financial results. Net income decreased by 54.4% to $20.3 million, with diluted EPS falling to $0.44 from $0.94 in the prior year. Total revenues saw a modest increase of 2.3% to $340.6 million, but operating income dropped by 24.9%. The company also reported negative cash flow from operating activities and an increase in long-term debt.