Palogic Value Fund said it has withdrawn its two director nominees and a shareholder proposal that had been submitted for Pebblebrook Hotel Trust’s 2026 annual meeting, citing recent governance changes including the addition of directors Nina Jones and Bill Bayless and a new tenure-based board refreshment framework. In a February 17, 2026 letter, principals Ryan Vardeman and Scott Williams said Palogic continues to raise concerns about the company’s net asset value discount, capital allocation and executive compensation, and urged the board to consider asset sales to fund accelerated share buybacks or to evaluate a sale of the company.

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