Marcus & Millichap SVP Martin Louie steps down; severance agreement disclosed

Marcus & Millichap, Inc.

Stepped down as SVP, Corporate Initiatives effective Aug 31, 2021.
Severance includes $437,500 base salary over 15 monthly installments of $29,167.
COBRA reimbursement of $4,561/mo for 15 months; career counseling up to $10,000.
Unvested RSUs converted to $124,754 cash paid in 15 monthly installments of $8,317.
SAR account balance of $158,734 to be paid starting March 15, 2022.

item 5.02 item 9.01

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Departed

Martin E. Louie

Senior Vice President, Corporate Initiatives

MMI · Marcus & Millichap, Inc.

Effective: 2021-08-31
Filed: November 22, 2021, 6:59 PM ET

Effective August 31, 2021, Martin E. Louie stepped down as the Senior Vice President, Corporate Initiatives of Marcus & Millichap, Inc.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Martin E. Louie departed as Senior Vice President, Corporate Initiatives at Marcus & Millichap, Inc..

Action: stepped down
Role: Senior Vice President, Corporate Initiatives

Exact text from the filing

Effective August 31, 2021, Martin E. Louie stepped down as the Senior Vice President, Corporate Initiatives of Marcus & Millichap, Inc.

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Marcus & Millichap, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-336941

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