Robert Kirkland and several other executives at the company, including the CEO, agreed to take restricted stock awards in lieu of a percentage of their cash salaries.
December 21, 2020 at 04:59 PM
1 minute read
As some industries begin to recover from the collateral consequences of the COVID-19 coronavirus pandemic, others continue to struggle for survival.
Sotherly Hotels Inc. falls into the latter category. The Williamsburg, Virginia-based real estate investment trust company has been hemorrhaging money. Now, its executives, including newly appointed general counsel Robert Kirkland, have agreed to give up a portion of their salaries.
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Georgian Terrace Hotel at the corner of Peachtree Street in Atlanta. Photo: Billy F. Blume Jr./Shutterstock.com.
