Douglas Elliman Announces Director Departure and Board Changes
Ticker: DOUG · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1878897
| Field | Detail |
|---|---|
| Company | Douglas Elliman Inc. (DOUG) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors
TL;DR
Elliman's board is shaking up: Lorber out, Cohen and Murphy in. Big changes coming?
AI Summary
Douglas Elliman Inc. announced on October 25, 2024, the departure of Director Howard Lorber. The company also elected new directors, including Steven M. B. Cohen and Michael J. Murphy, and appointed new officers. These changes are effective as of October 25, 2024.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and officer changes can introduce uncertainty about future strategy and leadership effectiveness.
Key Players & Entities
- Douglas Elliman Inc. (company) — Registrant
- Howard Lorber (person) — Departing Director
- Steven M. B. Cohen (person) — Newly Elected Director
- Michael J. Murphy (person) — Newly Elected Director
- October 25, 2024 (date) — Effective date of changes
FAQ
Who has been appointed to the Douglas Elliman Inc. board of directors?
Steven M. B. Cohen and Michael J. Murphy have been elected to the board of directors.
When were these changes effective?
The changes, including the departure of Howard Lorber and the election of new directors and officers, were effective as of October 25, 2024.
What is the primary business of Douglas Elliman Inc.?
Douglas Elliman Inc. is primarily involved in real estate agents and managers.
What is the SEC file number for this filing?
The SEC file number for this filing is 001-41054.
What specific item information is being reported in this 8-K?
This 8-K reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers.
Filing Stats: 393 words · 2 min read · ~1 pages · Grade level 11.1 · Accepted 2024-10-25 17:31:58
Key Financial Figures
- $0.01 — ch registered: Common stock, par value $0.01 per share DOUG New York Stock Exchange
Filing Documents
- doug-20241025.htm (8-K) — 26KB
- 0001878897-24-000043.txt ( ) — 174KB
- doug-20241025.xsd (EX-101.SCH) — 2KB
- doug-20241025_def.xml (EX-101.DEF) — 14KB
- doug-20241025_lab.xml (EX-101.LAB) — 25KB
- doug-20241025_pre.xml (EX-101.PRE) — 15KB
- doug-20241025_htm.xml (XML) — 3KB
From the Filing
doug-20241025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 25, 2024 DOUGLAS ELLIMAN INC. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation) 001-41054 87-2176850 (Commission File Number) (I.R.S. Employer Identification No.) 4400 Biscayne Boulevard Miami Florida 33137 (Address of Principal Executive Offices) (Zip Code) ( 305 ) 579-8000 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities Registered Pursuant to 12(b) of the Act: Title of each class: Trading Name of each exchange Symbol(s) on which registered: Common stock, par value $0.01 per share DOUG New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers. Departure of Scott Durkin On October 25, 2024, Scott Durkin, the President and Chief Executive Officer of Douglas Elliman Realty, LLC, was terminated, effectively immediately. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DOUGLAS ELLIMAN INC. By: /s/ J. Bryant Kirkland III J. Bryant Kirkland III Senior Vice President, Treasurer and Chief Financial Officer Date: October 25, 2024