CEO Adam Contos to depart March 31; interim CEO Stephen Joyce appointed; $100M buyback authorized

RE/MAX Holdings, Inc.

CEO Adam Contos leaves March 31, 2022; will co-lead with Stephen Joyce from March 1 to aid transition.
Stephen Joyce named interim CEO; receives $100K signing bonus, $100K/month salary, $1M equity award.
Board authorized up to $100M share repurchase program; no expiration date.
Total RE/MAX agent count 141,998 (+3.1% YoY); Motto Mortgage offices 187 (+32.6% YoY).
Retention bonuses for four NEOs: Callahan $308K, Bailey $312K, Smith $288K, Morrison $280K.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Stephen Joyce

Chief Executive Officer

RMAX · RE/MAX Holdings, Inc.

Effective: 2022-03-01
Filed: January 11, 2022, 6:59 PM ET

The Company’s Board has appointed Board member Stephen Joyce to become Chief Executive Officer on an interim basis upon Mr. Contos’ departure and to serve as Co-Chief Executive Officer with Mr. Contos during an anticipated one-month time period from March 1, 2022 to March 31, 2022

Departed

Adam Contos

Chief Executive Officer

RMAX · RE/MAX Holdings, Inc.

Effective: 2022-03-31
Successor: Stephen Joyce
Filed: January 11, 2022, 6:59 PM ET

Mr. Contos will cease serving as the Chief Executive Officer and as a member of the Company’s Board effective March 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Joyce was appointed as Chief Executive Officer at RE/MAX Holdings, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Company’s Board has appointed Board member Stephen Joyce to become Chief Executive Officer on an interim basis upon Mr. Contos’ departure and to serve as Co-Chief Executive Officer with Mr. Contos during an anticipated one-month time period from March 1, 2022 to March 31, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Contos resigned as Chief Executive Officer at RE/MAX Holdings, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Mr. Contos will cease serving as the Chief Executive Officer and as a member of the Company’s Board effective March 31, 2022.

View on SEC.gov

RE/MAX Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-002989

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