RMR GROUP INC. 8-K

What Happened

• RMR GROUP INC. (via its majority-owned subsidiary The RMR Group LLC) and Sonesta International Hotels Corporation filed an 8-K announcing that John G. Murray, Executive Vice President of RMR LLC and President & CEO and director of Sonesta, will resign his officer and related roles effective March 31, 2026 and remain an employee of Sonesta through his retirement on September 30, 2026. The companies entered a January 12, 2026 Retirement Agreement to govern the transition.

Key Details

• Mr. Murray will continue in his officer roles through March 31, 2026 and as a Sonesta employee until the Retirement Date of September 30, 2026.
• RMR LLC and Sonesta will pay his current cash salary through March 31, 2026 and Sonesta will pay $15,000 per month from April 1, 2026 until September 30, 2026 (six months = $90,000).
• Subject to customary releases, Mr. Murray is to receive a $1,912,500 cash bonus for 2025 (expected ~April 8, 2026) and a combined cash payment of $2,765,625 (half expected ~April 9, 2026; half expected ~October 9, 2026). The two payments total $4,678,125.
• RMR LLC will recommend that RMR GROUP INC.’s Compensation Committee approve acceleration of vesting of Mr. Murray’s unvested Company shares effective as of the Retirement Date. The agreement contains standard confidentiality, non-solicitation, waiver and release provisions. The full Retirement Agreement will be filed with the Company’s Form 10-Q for the period ending December 31, 2025.

Why It Matters

• This is a material executive change at the Sonesta operating level and a planned leadership transition timeline investors should note. The company disclosed specific cash payments and a recommendation to accelerate equity vesting, which may affect near-term cash outflows and equity compensation expense or dilution depending on committee action. Payments are conditioned on execution of customary releases and the full agreement will be available in the Company’s upcoming 10-Q.