CFO Jeff Whiteside resigns effective Dec 1; eXp named in class action antitrust lawsuit over broker commissions

eXp World Holdings, Inc.

Jeff Whiteside resigns as CFO and Chief Collaboration Officer; departure not due to any disagreement; effective Dec 1, 2023.
Board will search for permanent CFO; CAO Jian 'Kent' Cheng to serve as interim principal financial officer if successor not appointed by Dec 1.
Putative class action filed Nov 2 in N.D. Illinois (Batton v. Compass) alleges eXp participated in system inflating buyer broker commissions.
Plaintiffs seek injunction, treble damages, and restitution under federal antitrust and state laws; company warns of potential material adverse effect.

item 5.02 item 7.01

Executive movements

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Departed

Jeff Whiteside

Chief Financial Officer and Chief Collaboration Officer

EXPI · eXp World Holdings, Inc.

Effective: 2023-12-01
Filed: November 9, 2023, 6:59 PM ET

On November 4, 2023, Jeff Whiteside notified eXp World Holdings, Inc. (the “Company”) that he will be resigning as Chief Financial Officer and Chief Collaboration Officer of the Company, effective as of December 1, 2023.

Appointed (interim)

Jian "Kent" Cheng

Principal Financial Officer

EXPI · eXp World Holdings, Inc.

Effective: 2023-12-01
Filed: November 9, 2023, 6:59 PM ET

the Board of Directors of the Company has appointed Jian “Kent” Cheng, the Company’s Chief Accounting Officer, to assume the additional role of principal financial officer, effective as of the Effective Date

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Whiteside resigned as Chief Financial Officer and Chief Collaboration Officer at eXp World Holdings, Inc..

Action: resigned
Role: Chief Financial Officer and Chief Collaboration Officer

Exact text from the filing

On November 4, 2023, Jeff Whiteside notified eXp World Holdings, Inc. (the “Company”) that he will be resigning as Chief Financial Officer and Chief Collaboration Officer of the Company, effective as of December 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jian "Kent" Cheng was appointed as Principal Financial Officer at eXp World Holdings, Inc..

Action: appointed
Role: Principal Financial Officer

Exact text from the filing

the Board of Directors of the Company has appointed Jian “Kent” Cheng, the Company’s Chief Accounting Officer, to assume the additional role of principal financial officer, effective as of the Effective Date

View on SEC.gov

eXp World Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-018439

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