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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 5.07.Submission of Matters to a Vote of Security Holders.
On May 19, 2023, eXp World Holdings, Inc. (the “Company”, “us”, “we”, or “our”) held its 2023 annual meeting of stockholders (the “Annual Meeting”). The record date for stockholders entitled to notice of, and to vote at, the Annual Meeting was March 22, 2023. At the close of business on that date, the Company had 149,103,295 shares eligible to vote, based on 172,587,799 shares of common stock outstanding as of the record date, of which 23,484,504 shares were held as treasury stock. At the Annual Meeting, the Company’s stockholders voted on three proposals, which are described in more detail in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission on April 6, 2023. The preliminary voting results for the three proposals are set forth below and are subject to change. If the results change, the Company will file an amendment to this current report on Form 8-K to disclose the final results within four business days after they are known.
| 1. | Election of Directors |
Our stockholders elected each of Glenn Sanford, Darren Jacklin, Jason Gesing, Randall Miles, Dan Cahir, Monica Weakley, and Peggie Pelosi to serve until our 2024 annual meeting of stockholders and until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation, or removal. Set forth below are the preliminary results of the stockholder vote on this proposal:
Name of Nominee | Number of Votes Cast For | Number of Votes Cast Against | Number of Abstentions | Broker Non-Votes |
Glenn Sanford | 77,572,578 | 13,615,587 | 28,163 | 28,848,179 |
Darren Jacklin | 90,899,701 | 259,242 | 57,385 | 28,848,179 |
Jason Gesing | 75,491,468 | 15,698,181 | 26,679 | 28,848,179 |
Randall Miles | 86,883,923 | 4,269,654 | 62,751 | 28,848,179 |
Dan Cahir | 90,808,427 | 338,786 | 69,115 | 28,848,179 |
Monica Weakley | 89,984,307 | 1,188,826 | 43,195 | 28,848,179 |
Peggie Pelosi | 90,911,466 | 244,926 | 59,936 | 28,848,179 |
| 2. | Ratification of Appointment of Independent Registered Public Accounting Firm |
Our stockholders ratified the appointment of Deloitte & Touche, LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2023. Set forth below are the results of our stockholder vote on this proposal:
Number of votes cast for the proposal | 119,947,263 |
Number of votes cast against the proposal | 75,131 |
Number of abstentions | 42,113 |
| 3. | Approval, on an Advisory Basis, of 2022 Named Executive Officer Compensation |
Our stockholders approved, on a nonbinding basis, 2022 compensation to our named executive officers. Set forth below are the results of the stockholder vote on this proposal:
Number of votes cast for the proposal | 88,956,450 |
Number of votes cast against the proposal | 2,145,294 |
Number of abstentions | 114,584 |
Broker non-votes | 28,848,179 |
Item 8.01Other Events
On May 17, 2023, the Company’s Board of Directors increased the authorization limits of the Company’s stock repurchase program from $500.0 million to $1.0 billion.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
104 | Cover Page Interactive Data File (embedded within the inline XBRL document) | |
