---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-069642"
form_type: "8-K"
ticker: "NMRK"
cik: "0001690680"
company_name: "NEWMARK GROUP, INC."
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T03:26:56.150963+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Newmark tightens partner non-compete, non-solicit, clawback in partnership amendment

## Summary
- Amends Section 3.03 to impose duty of loyalty, non-compete (6 mo), non-solicit of customers (1 yr) and employees (2 yr), and non-disparagement (4 yr) on partners.
- Breach of obligations triggers redemption of units at Base Amount and forfeiture of Additional Amounts (earn-out payments).
- Expands definitions of Competing Business, Protected Affiliate, Client, and Client Representative to broaden restriction scope.
- Requires departing partners to certify no breach before receiving Additional Amounts; false certification triggers liability for damages plus interest.
- Cantor Companies are exempt from the new partner obligations and restrictions.

## SEC filing metadata
- accession: 0001193125-23-069642
- form_type: 8-K
- ticker: NMRK
- cik: 0001690680
- company_name: NEWMARK GROUP, INC.
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690680/000119312523069642/0001193125-23-069642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690680/000119312523069642/d409850d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-069642
- JSON: https://secwatch.observer/filing/0001193125-23-069642.json
- Plain text: https://secwatch.observer/filing/0001193125-23-069642.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.