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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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):
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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. ☐
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 29, 2020, the Board of Directors of eXp World Holdings, Inc. (the “Company”) approved compensation changes for Jeff Whiteside, Chief Collaboration Officer and Chief Financial Officer of the Company. Mr. Whiteside’s base salary was increased to $500,000 annually, and he will receive an annual cash bonus up to 100% of his base salary, as determined by the chief executive officer of the Company. In addition, Mr. Whiteside received a stock option grant of 100,000 options that will vest quarterly over three years in accordance with the terms of the Company’s 2015 Equity Incentive Plan, as amended. The changes will become effective November 1, 2020.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
104 | Cover Page Interactive Data File (embedded within the inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| eXp World Holdings, Inc. |
| (Registrant) |
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Date: November 3, 2020 | /s/ James Bramble |
| James Bramble |
| General Counsel |
