secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARK GROUP, INC. (NMRK)
CIK:        0001690680
Form:       8-K
Filed at:   2021-08-06T23:59:59+00:00
Accession:  0001690680-21-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newmark changes non-GAAP definitions, excludes Nasdaq earn-out and 2021 Equity Event from Q3 2021
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- Nasdaq earn-out accelerated on June 25, 2021; Newmark received Nasdaq shares and will exclude related gains, dividends, and mark-to-market from Q3 2021 non-GAAP results.
- 2021 Equity Event charges for cash paid to independent contractors for withholding taxes and HDU redemptions will be excluded from Adjusted Earnings and Adjusted EBITDA starting Q3 2021.
- Non-GAAP definitions updated; management believes excluding these items better reflects underlying performance of ongoing operations.
- Q2 2021 financial results were announced on August 6, 2021; specific earnings figures are not included in this filing body.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690680/000169068021000034/0001690680-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690680/000169068021000034/nmrk-20210802.htm
  HTML page:      https://secwatch.observer/filing/0001690680-21-000034

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