UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.07Submission of Matters to a Vote of Security Holders.
On June 20, 2022, eXp World Holdings, Inc. (the “Company”, “us”, “we”, or “our”) held its 2022 annual meeting of stockholders (the “Annual Meeting”). The record date for stockholders entitled to notice of, and to vote at, the Annual Meeting was April 22, 2022. At the close of business on that date, the Company had 149,501,511 shares of Common Stock issued and outstanding. At the Annual Meeting, the Company’s stockholders voted on four proposals, which are described in more detail in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission on April 27, 2022. The preliminary voting results for the four 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 Dan Cahir, Darren Jacklin, Eugene Frederick, Glenn Sanford, Jason Gesing, Monica Weakley, and Randall Miles to serve until our 2023 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 |
Dan Cahir | 51,921,943 | 503,916 | 819,064 | 20,291,277 |
Darren Jacklin | 52,071,596 | 1,093,696 | 79,631 | 20,291,277 |
Eugene Frederick | 47,319,391 | 5,142,017 | 783,515 | 20,291,277 |
Glenn Sanford | 36,487,673 | 16,581,187 | 176,063 | 20,291,277 |
Jason Gesing | 37,021,765 | 16,185,988 | 37,170 | 20,291,277 |
Monica Weakley | 47,260,771 | 5,123,598 | 860,554 | 20,291,277 |
Randall Miles | 52,067,639 | 1,099,170 | 78,114 | 20,291,277 |
| 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, 2022. Set forth below are the results of our stockholder vote on this proposal:
Number of votes cast for the proposal | 73,227,454 |
Number of votes cast against the proposal | 137,954 |
Number of abstentions | 170,792 |
| 3. | Approval, on an Advisory Basis, of 2021 Named Executive Officer Compensation |
Our stockholders approved, on a nonbinding basis, 2021 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 | 51,893,804 |
Number of votes cast against the proposal | 534,580 |
Number of abstentions | 816,539 |
Broker non-votes | 20,291,277 |
Item 7.01Regulation FD Disclosure.
In the press release issued on June 20, 2022, and attached hereto as Exhibit 99.1, the Company announced that its subsidiary entered into an agreement to acquire Zoocasa Realty Inc. and its related technology properties, including Zoocasa.com.
The information in this Item 7.01 shall not be deemed “filed” for purposes of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing by the Company under the Exchange Act or the Securities Act, except as expressly set forth by specific reference in such filing.
The information in this report and Exhibit 99.1 hereto may contain “forward-looking statements” within the meaning of the Securities Act and the Exchange Act. Forward-looking statements in this document and the exhibit include, without limitation, statements regarding the Company’s expectations as to the completion and timing of the acquisition and the anticipated growth of the Zoocasa business. These forward-looking statements are subject to assumptions, risks and uncertainties that may change at any time, and actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include, among other things: risks and uncertainties associated with market conditions, the satisfaction of closing conditions related to the acquisition, and other risks and uncertainties discussed in the Company’s filings with the SEC, including the “Risk Factors” sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The Company undertakes no obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
99.1 | ||
104 | Cover Page Interactive Data File (embedded within the inline XBRL document) | |
