secwatch.observer — SEC 8-K summary
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Issuer:     Marcus & Millichap, Inc. (MMI)
CIK:        0001578732
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001193125-21-336941
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578732/000119312521336941/0001193125-21-336941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578732/000119312521336941/d614766d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-336941

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