secwatch.observer — SEC 8-K summary
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Issuer:     RE/MAX Holdings, Inc. (RMAX)
CIK:        0001581091
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001104659-23-101408
Event type: litigation
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

RE/MAX to take $55M pre-tax charge to settle class action commission lawsuits; reaffirms 2023 guidance
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- Agreed to pay $55M settlement to resolve Burnett (W.D. Mo.) and Moehrl (N.D. Ill.) class actions over agent commission rules.
- Settlement payments: 25% by Sep 29, 2023; 25% after preliminary court approval; 50% after final court approval; funded from available cash.
- RE/MAX also agreed to certain business practice changes; denies liability and continues to contest allegations.
- Q3 2023 guidance reaffirmed: revenue $78.5M-$83.5M, adj. EBITDA $23.5M-$26.5M, agent count 0%-1% YoY change.
- Full-year 2023 guidance reaffirmed: revenue $320M-$332M, adj. EBITDA $92M-$98M, agent count flat YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581091/000110465923101408/0001104659-23-101408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581091/000110465923101408/tm2326302d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-101408

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer