eXp World Holdings Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 3, 2025, Jian (Kent) Cheng notified eXp World Holdings, Inc. (the “Company”) of his decision to resign as its Chief Accounting Officer and principal financial officer, effective as of March 31, 2025 (the “Resignation Date”). Mr. Cheng will continue to serve in his current roles through his Resignation Date. To ensure an effective and smooth transition, on March 5, 2025, the Company entered into an amendment to Mr. Cheng’s offer letter dated March 6, 2020, pursuant to which Mr. Cheng agreed to serve as a strategic advisor to the Company through August 31, 2025, after which time Mr. Cheng’s employment with the Company will terminate. The foregoing summary of Mr. Cheng’s offer letter amendment does not purport to be complete and is qualified in its entirety by reference to the complete terms of the offer letter amendment filed as Exhibit 10.1 hereto, which is incorporated herein by reference.
The Company has been conducting an active search for a permanent Chief Financial Officer, which remains ongoing.
Item 9.01Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. | Description |
10.1 | |
104 | Inline XBRL for the cover page of this Current Report on Form 8-K |
SIGNATURES
Pursuant to the requirements of the Securities 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: March 7, 2025 | /s/ James Bramble |
| James Bramble |
| Chief Legal Counsel |