Highest-materiality recent filing
RE/MAX completes acquisition by Real Brokerage; shareholders get mixed cash/stock
Merger closed Aug 24, 2026; RE/MAX now wholly owned subsidiary of Real REMAX Group.
Court grants final order for Real's acquisition of RE/MAX; close expected Aug 24
Supreme Court of British Columbia granted final order for arrangement of Real under Merger Agreement dated Apr 26, 2026.
RE/MAX cash elections exceed $80M cap; proration yields ~$4.33 cash + 0.3535 Real shares
18,488,134 shares elected cash, exceeding $80M cap, triggering proration provisions.
RE/MAX and Real shareholders approve acquisition; close expected in weeks
RE/MAX stockholders approved merger and share issuance; ~78.8% of voting power voted in favor.
RE/MAX Q2 revenue down 5.8% to $68.5M; net loss $4.3M; pending merger with Real
Total revenue $68.5M, down 5.8% YoY; revenue ex-Marketing Funds $51.7M, down 5.1%.
RE/MAX and Real Brokerage disclose post-merger board and supplemental proxy details
Post-merger board of Real REMAX Group to include 11 directors, with Tamir Poleg (Real CEO) as Chair.
RE/MAX and Real set August 18 deadline for stockholder election of merger consideration
Record holders must elect form of consideration by 5:00 p.m. NY time on August 18, 2026.
DOJ grants early termination of HSR waiting period for RE/MAX-Real merger
On July 13, 2026, the U.S. Department of Justice granted early termination of the HSR Act waiting period for the proposed merger with Real Brokerage.
Q1 revenue $70.2M, down 5.7% YoY; net loss $9.7M vs $2.0M loss prior year.
RE/MAX shareholders elect 5.150 new shares or $13.80/sh cash; total cash prorated to $60M-$80M.
Real to acquire RE/MAX Holdings for ~$880M enterprise value, forming Real REMAX Group
Real (REAX) to acquire RE/MAX Holdings (RMAX) at enterprise value of ~$880M; combined entity named Real REMAX Group.
RE/MAX subsidiary settles remaining class action claims for $8.5 million
REMAX, LLC agrees to pay $8.5M to settle claims in Batton class action (No. 1:21-cv-00430).
RE/MAX Q4 revenue $71.1M (-1.8%), net income $1.4M, adj. EBITDA $22.4M, agent count up 1.4%
Total revenue $71.1M, down 1.8% YoY; net income $1.4M ($0.07 diluted EPS) vs $5.8M ($0.29) prior year.
RE/MAX promotes Chris Lim to President and Chief Growth Officer; adds two sales leaders
Chris Lim, age 55, promoted to President and Chief Growth Officer of RE/MAX, LLC; effective Feb 17, 2026.
Director Christine Riordan resigns from RE/MAX Board effective Feb 10, 2026
Dr. Christine Riordan resigned from the Board on February 10, 2026, effective immediately.
RE/MAX Q3 revenue down 6.7% to $73.3M; adjusted EBITDA $25.8M, US agent count down 5.1%
Net income $4.0M ($0.19 diluted EPS) vs $1.0M ($0.05) YoY; adjusted EPS $0.37 vs $0.38.
RE/MAX extends revolving credit facility maturity to April 2028
Maturity of the revolving facility extended from June 21, 2026 to April 21, 2028.
GAAP diluted EPS $0.23 vs $0.19; adjusted diluted EPS $0.39 vs $0.41; net income $4.7M.
RE/MAX Holdings CIO W. Grady Ligon to depart Sept 1, 2025; separation agreement signed
CIO W. Grady Ligon's last day expected September 1, 2025; departure not due to disagreement.
Shareholders approved amendment to 2023 Omnibus Incentive Plan, increasing authorized shares by 2.8M to 5,611,051 (18.6M for, 9.4M against).
RE/MAX Q1 2025: Revenue down 4.9% to $74.5M, Adjusted EBITDA up 1.5% to $19.3M
Net loss $2.0M ($0.10 diluted GAAP EPS); Adjusted EPS $0.24 vs $0.20 prior year.
Motto Mortgage & wemlo CEO Ward Morrison to retire June 15, 2025; interim leader named
Ward Morrison, President & CEO of Motto Mortgage and wemlo, announced retirement effective June 15, 2025.
RE/MAX Q4 revenue $72.5M (-5.4% YoY); US/Canada agent count down 4.8%
Net income of $5.8M, diluted EPS $0.29 (vs loss per share of $0.60 a year ago). Adjusted EPS $0.30.
RE/MAX President Amy Lessinger resigns; US agent count down 7% YoY
Amy Lessinger resigns as President of RE/MAX, LLC effective January 17, 2025; search underway.
RE/MAX Q3 revenue $78.5M (-3.4% YoY); adj EBITDA up 2.0% to $27.3M; FY guidance raised
Net income $1.0M (GAAP EPS $0.05) vs net loss $59.5M in Q3 2023; adjusted EPS $0.38 vs $0.40.
RE/MAX Q2 net income $3.7M; revenue down 4.8% to $78.5M; Adjusted EBITDA up 5.4%
Net income $3.7M ($0.19 diluted EPS); Adjusted EBITDA $28.1M, +5.4% YoY; Adj. EPS $0.41.
RE/MAX COO Serene Smith transitions to part-time Project Manager; Rob Fuchs named EVP HR
Serene Smith steps down as COO effective June 3, 2024; new part-time role as Project Manager at $130K salary.
RE/MAX shareholders elect directors, approve executive compensation, ratify Ernst & Young as auditor
Erik Carlson, Kathleen Cunningham, Dr. Christine Riordan elected as Class II directors with ~25.5M votes for each.
RE/MAX receives final court approval of $55M antitrust class action settlement
District Court granted final approval of RE/MAX's $55M settlement in antitrust class actions (Burnett, Moehrl, Nosalek).
RE/MAX Q1 revenue down 8.3% to $78.3M; GAAP EPS loss $0.18, agent count declines
Total revenue $78.3M, down 8.3% YoY; GAAP diluted EPS loss $0.18.
RE/MAX board member Laura Kelly passes away; replacement not named
Laura Kelly, board member since 2020, passed away on March 15, 2024.
Former RE/MAX CEO Nick Bailey's employment formally ended March 12, 2024
Nick Bailey's employment as President and CEO of RE/MAX, LLC ended effective March 12, 2024.
RE/MAX Q4 loss widens to $10.9M; Amy Lessinger promoted to President after Bailey exit
Q4 revenue $76.6M (-5.7% YoY); net loss $10.9M ($0.60 diluted loss); adjusted EBITDA $23.0M (-13.4%).
RE/MAX obtains preliminary approval of $55M antitrust class action settlement
Court granted preliminary approval for settlement in Burnett, Moehrl, and Nosalek lawsuits.
RE/MAX appoints former DISH CEO Erik Carlson as new CEO; board member
Erik Carlson named CEO and board member effective Nov 13, 2023; replaces interim CEO Stephen Joyce.
RE/MAX reports Total Leverage Ratio of 7.0:1 as of Sept 30, 2023, restricting dividends and buybacks
TLR of 7.0:1 based on consolidated EBITDA of $49.1M for trailing twelve months.
RE/MAX Q3 revenue falls 8.7% to $81.2M, net loss of $59.5M; suspends dividend
GAAP loss per share $3.28 vs income $0.01 a year ago; adjusted EPS $0.40 vs $0.56.
RE/MAX settles class-action commission lawsuits; to pay $55M and change business practices
RE/MAX LLC to pay $55M to settle nationwide class actions over real estate commission practices, subject to court approval.
Agreed to pay $55M settlement to resolve Burnett (W.D. Mo.) and Moehrl (N.D. Ill.) class actions over agent commission rules.
RE/MAX Holdings grants performance-based RSUs to new CAO Leah Jenkins
Target of 2,324 RSUs granted to CAO Leah Jenkins on September 7, 2023.
RE/MAX extends interim CEO Stephen Joyce; amended deal adds $100k monthly RSU grants
Amended agreement extends Joyce's interim CEO role beyond Aug 31, 2023 until a permanent CEO is appointed.
RE/MAX reduces workforce 7%, estimates $2.75-3.25M charge; reaffirms Q3/FY23 guidance
Workforce reduced by ~7%; affected employees notified Aug 18; expected complete by Sep 30, 2023.
RE/MAX Q2 revenue down 10.6% to $82.4M; adjusted EBITDA falls 24.2%
Net income $2.0M ($0.11 GAAP EPS) vs $5.8M ($0.30) a year ago; adjusted EPS $0.40 vs $0.68.
Gail Liniger retires from RE/MAX board; named Vice Chair Emerita; Norman Jenkins elected director
Co-founder Gail Liniger retired as Vice Chair effective May 25, 2023, appointed Vice Chair Emerita with initial term through 2024 annual meeting.
RE/MAX Q1 revenue $85.4M (-6.2% YoY), net loss $0.7M, Adjusted EBITDA $19.9M (-28.6%)
Total revenue $85.4M, down 6.2% YoY; revenue ex-Marketing Funds $64.1M, down 6.0%.
RE/MAX Holdings dismisses KPMG as auditor, engages Ernst & Young for FY2023
Audit Committee conducted competitive process; dismissed KPMG, its auditor since 2003.
RE/MAX Holdings corrects Q4 and FY2022 results, reducing tax expense by $1.3M
Overstated income tax expense by $1.3M due to foreign tax credit carryforwards; net income (loss) and EPS adjusted accordingly.
RE/MAX Q4 revenue down 8.9% to $81.3M; net loss $2.6M; guidance below 2022 levels
Q4 total revenue $81.3M (down 8.9% YoY); net loss $2.6M vs net income $3.1M in Q4 2021.
RE/MAX appoints Katie Scherping to board; Joe DeSplinter retires
Katherine Scherping appointed Class I director, effective Dec 6, 2022, term expiring at 2023 Annual Meeting.
RE/MAX Q3 rev $88.9M (-2.3%), Adj EBITDA $31.5M (-9.5%), cuts FY22 guidance; CEO term extended
Q3 revenue $88.9M (-2.3% YoY); revenue ex-Marketing Funds $66.2M (-2.2%); agent count up 2.4% to 144,300.
In addition, at the First Merger Effective Time, Erik Carlson, Karri Callahan, Susan Winders, Tom Flanagan, Victor Lombardo, Travis Saxton, Robert Fuchs and Christopher Lim resigned as officers of the Company and the officers of Merger Sub II immediately prior to the Second Merger Effective Time became the officers of the Surviving Company.
In addition, at the First Merger Effective Time, Erik Carlson, Karri Callahan, Susan Winders, Tom Flanagan, Victor Lombardo, Travis Saxton, Robert Fuchs and Christopher Lim resigned as officers of the Company and the officers of Merger Sub II immediately prior to the Second Merger Effective Time became the officers of the Surviving Company.
In addition, at the First Merger Effective Time, Erik Carlson, Karri Callahan, Susan Winders, Tom Flanagan, Victor Lombardo, Travis Saxton, Robert Fuchs and Christopher Lim resigned as officers of the Company and the officers of Merger Sub II immediately prior to the Second Merger Effective Time became the officers of the Surviving Company.
In addition, at the First Merger Effective Time, Erik Carlson, Karri Callahan, Susan Winders, Tom Flanagan, Victor Lombardo, Travis Saxton, Robert Fuchs and Christopher Lim resigned as officers of the Company and the officers of Merger Sub II immediately prior to the Second Merger Effective Time became the officers of the Surviving Company.
In addition, at the First Merger Effective Time, Erik Carlson, Karri Callahan, Susan Winders, Tom Flanagan, Victor Lombardo, Travis Saxton, Robert Fuchs and Christopher Lim resigned as officers of the Company and the officers of Merger Sub II immediately prior to the Second Merger Effective Time became the officers of the Surviving Company.
In addition, at the First Merger Effective Time, Erik Carlson, Karri Callahan, Susan Winders, Tom Flanagan, Victor Lombardo, Travis Saxton, Robert Fuchs and Christopher Lim resigned as officers of the Company and the officers of Merger Sub II immediately prior to the Second Merger Effective Time became the officers of the Surviving Company.
In addition, at the First Merger Effective Time, Erik Carlson, Karri Callahan, Susan Winders, Tom Flanagan, Victor Lombardo, Travis Saxton, Robert Fuchs and Christopher Lim resigned as officers of the Company and the officers of Merger Sub II immediately prior to the Second Merger Effective Time became the officers of the Surviving Company.
On June 17, 2025, RE/MAX Holdings, Inc. (the “Company”) announced that W. Grady Ligon, the Company’s Chief Information Officer, will be leaving the Company to pursue other opportunities closer to his home.
On March 25, 2025, Ward Morrison, President and CEO of Motto Mortgage and wemlo, subsidiaries of RE/MAX Holdings, Inc. (the “Company”), informed the Company of his intention to retire, effective June 15, 2025.
Adam Sartin, Vice President, Franchise Growth and Development, will lead the Motto Mortgage and wemlo brands while the Company continues its search for the next leader of Motto Mortgage and wemlo.
On January 3, 2025, Amy Lessinger, President of RE/MAX, LLC, a subsidiary of RE/MAX Holdings, Inc. (the “Company”), informed the Company of her resignation from her position, effective January 17, 2025.
On August 7, 2024, the Board appointed Cathleen Raffaeli to fill the vacancy that will be created by Ms. Cunningham’s retirement.
Max materiality 1.00 · Median 0.68 · Most common event earnings