secwatch.observer — SEC 8-K summary
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Issuer:     RE/MAX Holdings, Inc. (RMAX)
CIK:        0001581091
Form:       8-K/A
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001104659-23-026716
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RE/MAX Holdings corrects Q4 and FY2022 results, reducing tax expense by $1.3M
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- Overstated income tax expense by $1.3M due to foreign tax credit carryforwards; net income (loss) and EPS adjusted accordingly.
- Q4 2022 net loss attributable to RE/MAX now $1.3M ($0.07 loss per share) vs. previously $2.6M loss ($0.14 loss per share).
- Full-year 2022 net income attributable to RE/MAX now $6.1M ($0.32 diluted EPS) vs. previously $4.8M ($0.26 diluted EPS).
- No impact on revenue, Adjusted EBITDA, Adjusted EPS, cash, or operating cash flow.
- Deferred tax assets increased by $1.3M to $51.4M as of Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581091/000110465923026716/0001104659-23-026716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581091/000110465923026716/tm237812d2_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-026716

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