secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Elliman Inc. (DOUG)
CIK:        0001878897
Form:       8-K
Filed at:   2022-01-14T23:59:59+00:00
Accession:  0001193125-22-009986
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878897/000119312522009986/0001193125-22-009986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878897/000119312522009986/d248991d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-009986

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