secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Elliman Inc. (DOUG)
CIK:        0001878897
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001878897-24-000045
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Douglas Elliman enters employment agreement with CFO Kirkland; base salary $621,863, 300K RSU grant
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- Kirkland appointed EVP, Treasurer, Secretary & CFO effective Oct 7, 2024; previously SVP & CFO.
- Annual base salary $621,863; target bonus 50% of base under annual incentive plan.
- Company recommends grant of 300,000 restricted shares vesting equally on Dec 15, 2024–2027.
- Initial term 2 years with automatic one-year renewal unless 60-day notice given.
- Severance: 6 months base salary if terminated without cause; 2x base salary if within 12 months after change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878897/000187889724000045/0001878897-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878897/000187889724000045/doug-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001878897-24-000045

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