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RE/MAX HOLDINGS, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

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02/09/2018 | 10:15pm CEST

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 9, 2018, RE/MAX Holdings, Inc. announced the retirement of Geoffrey Lewis, the President of RE/MAX, LLC (the "Company") effective June 30, 2018 (the "Retirement Date"). Mr. Lewis will remain with the Company as Senior Advisor through the Retirement Date.

On February 8, 2018, the Company entered into a Separation Agreement, Waiver and Release with Mr. Lewis (the "Separation Agreement"), pursuant to which Mr. Lewis will be eligible to receive his salary of $500,000 per year payable in the form of salary continuation during the three year and three month period following the Retirement Date, a cash bonus of approximately $65,000 under his 2017 performance incentive plan and various other benefits.

Pursuant to the Separation Agreement, Mr. Lewis has granted customary release and non-disparagement terms in favor of the Company and its affiliates and has agreed to a one-year non-compete as well as a non-solicitation for the duration of the salary continuation period.

The Separation Agreement provides that the employment agreement dated July 1, 2010, between Mr. Lewis and the Company was terminated as of the date of the Separation Agreement.

RE/MAX Holdings, Inc. is the sole manager of RMCO, LLC and the Company is a wholly-owned subsidiary of RMCO, LLC.

Item 7.01    Regulation FD Disclosure. *

RE/MAX Holdings, Inc. issued a press release on February 9, 2018 regarding Mr. Lewis's retirement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01.   Financial Statements and Exhibits. *

No.                     Description
99.1        Press Release dated February 9, 2018


* The information contained in Item 7.01 and Exhibit 99.1 of Item 9.01 of this Current Report on Form 8-K is being "furnished" and shall not be deemed "filed" for purposed of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be set forth by specific reference in such filing.



© Edgar Online, source Glimpses

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