{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-114764","form_type":"8-K","ticker":"RMAX","cik":"0001581091","company_name":"RE/MAX Holdings, Inc.","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.629012+00:00","generated_at":"2026-06-08T20:49:55.353856+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"RE/MAX reports Total Leverage Ratio of 7.0:1 as of Sept 30, 2023, restricting dividends and buybacks","bullets":["TLR of 7.0:1 based on consolidated EBITDA of $49.1M for trailing twelve months.","Under credit agreement, TLR above 3.50:1 triggers restricted payments cap at greater of $50M or 50% of EBITDA ($24.6M).","Fifty percent of consolidated EBITDA for prior four quarters is $24.6M, limiting shareholder distributions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-114764","json":"https://secwatch.observer/filing/0001104659-23-114764.json","markdown":"https://secwatch.observer/filing/0001104659-23-114764.md","text":"https://secwatch.observer/filing/0001104659-23-114764.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581091/000110465923114764/0001104659-23-114764-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1581091/000110465923114764/tm2329999d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T20:49:55.353856+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}