On February 25, 2016, at a meeting of the board of trustees of Chatham Lodging Trust Joel F. Zemans, an independent trustee of the company, notified the board that he wished to retire from the board at the end of his current term, which is set to expire at the company's 2016 annual meeting of shareholders in May 2016. Mr. Zemans announced the board that his decision was not the result of any disagreement with the company. At that same meeting, the company's board of trustees voted to reduce the authorized size of the board of trustees by one, from nine to eight, which reduction will become effective at the 2016 annual meeting of shareholders.