secwatch.observer — SEC 8-K summary
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Issuer:     RE/MAX Holdings, Inc. (RMAX)
CIK:        0001581091
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001564590-22-036616
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RE/MAX Q3 rev $88.9M (-2.3%), Adj EBITDA $31.5M (-9.5%), cuts FY22 guidance; CEO term extended
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- Q3 revenue $88.9M (-2.3% YoY); revenue ex-Marketing Funds $66.2M (-2.2%); agent count up 2.4% to 144,300.
- GAAP net income $0.1M ($0.01 diluted EPS); adjusted EPS $0.56 vs $0.71 a year ago.
- FY22 guidance cut: revenue $352-357M (from $354-364M), Adj EBITDA $118-122M (from $123-128M).
- CEO Stephen Joyce's interim agreement extended to Aug 31, 2023; severance protection through May 31, 2023 if terminated after permanent CEO hired.
- Quarterly dividend $0.23/share declared, payable Nov 30; $76.2M remaining under $100M share repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581091/000156459022036616/0001564590-22-036616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581091/000156459022036616/rmax-8k_20221102.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-036616

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