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DiamondRock Hospitality director to step down

DiamondRock Hospitality Co. director Daniel Altobello will not stand for re-election at the company's 2019 annual stockholder meeting, scheduled for May 7.

At the meeting, the hotel real estate investment trust will also ask its stockholders to vote on a proposed amendment to its charter to eliminate the two-thirds vote requirement necessary to approve amendments to the charter and certain extraordinary actions.

The proposed amendment seeks to reduce the number of stockholder votes necessary to approve charter amendments and certain extraordinary actions from two-thirds of the votes entitled to be cast on the matter to a majority of the votes.