Douglas Elliman hires Howard Lorber as CEO with $1.8M salary, Richard Lampen as COO with $650K salary

Douglas Elliman Inc.

Howard M. Lorber appointed President and CEO; 3-year employment agreement, base salary $1.8M, target bonus 150% of base.
Richard J. Lampen appointed EVP and COO; 2-year agreement, base salary $650K, target bonus 112.5% of base.
Lorber's severance: 36 months continued base salary and bonus on termination without cause or for good reason.
Lampen's severance: 24 months continued base salary and bonus on termination without cause or for good reason.
Both agreements include change-in-control provisions: Lorber gets 2.99x lump sum, Lampen gets 2x lump sum.

item 5.02 item 9.01

Executive movements

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Appointed

Richard J. Lampen

Executive Vice President and Chief Operating Officer

DOUG · Douglas Elliman Inc.

Effective: 2021-12-29
Filed: January 14, 2022, 6:59 PM ET

In connection with the appointment of Richard J. Lampen as Executive Vice President and Chief Operating Officer of Douglas Elliman, Mr. Lampen and Douglas Elliman entered into an employment agreement dated January 10, 2022, which became effective as of December 29, 2021.

Appointed

Howard M. Lorber

President and Chief Executive Officer

DOUG · Douglas Elliman Inc.

Effective: 2021-12-29
Filed: January 14, 2022, 6:59 PM ET

In connection with the appointment of Howard M. Lorber as President and Chief Executive Officer of Douglas Elliman Inc. (“Douglas Elliman”), Mr. Lorber and Douglas Elliman entered into an employment agreement dated January 10, 2022, which became effective as of December 29, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard J. Lampen was appointed as Executive Vice President and Chief Operating Officer at Douglas Elliman Inc..

Action: appointed
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

In connection with the appointment of Richard J. Lampen as Executive Vice President and Chief Operating Officer of Douglas Elliman, Mr. Lampen and Douglas Elliman entered into an employment agreement dated January 10, 2022, which became effective as of December 29, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Howard M. Lorber was appointed as President and Chief Executive Officer at Douglas Elliman Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

In connection with the appointment of Howard M. Lorber as President and Chief Executive Officer of Douglas Elliman Inc. (“Douglas Elliman”), Mr. Lorber and Douglas Elliman entered into an employment agreement dated January 10, 2022, which became effective as of December 29, 2021.

View on SEC.gov

Douglas Elliman Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-009986

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