eXp World Holdings Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 13, 2024, eXp World Holdings, Inc. (the “Company”, “us”, “we”, or “our”) held its 2024 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 15, 2024. At the close of business on that date, the Company had 151,954,073 shares eligible to vote, based on 181,781,769 shares of common stock outstanding as of the record date, of which 29,827,696 shares were held as treasury stock. 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 March 27, 2024. 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 Glenn Sanford, Randall Miles, Dan Cahir, Monica Weakley, Peggie Pelosi, and Fred Reichheld to serve until our 2025 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 results of the stockholder vote on the director candidates:
Name of Nominee | Number of Votes Cast For | Number of Votes Cast Against | Number of Abstentions | Broker Non-Votes |
Glenn Sanford | 79,511,369 | 16,019,148 | 32,760 | 30,340,869 |
Randall Miles | 80,483,866 | 15,028,774 | 50,637 | 30,340,869 |
Dan Cahir | 89,918,465 | 5,596,911 | 47,901 | 30,340,869 |
Monica Weakley | 94,110,659 | 1,401,075 | 51,543 | 30,340,869 |
Peggie Pelosi | 88,982,135 | 6,523,907 | 57,235 | 30,340,869 |
Fred Reichheld | 94,840,728 | 675,332 | 47,217 | 30,340,869 |
| 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, 2024. Set forth below are the results of our stockholder vote on this proposal:
Number of votes cast for the proposal | 125,480,234 |
Number of votes cast against the proposal | 219,650 |
Number of abstentions | 204,262 |
| 3. | Approval, on an Advisory Basis, of 2023 Named Executive Officer Compensation |
Our stockholders approved, on a nonbinding basis, 2023 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 | 91,027,118 |
Number of votes cast against the proposal | 4,459,772 |
Number of abstentions | 76,387 |
Broker non-votes | 30,340,869 |
| 4. | Approval of 2024 Equity Incentive Plan |
Our stockholders approved the Company’s 2024 Equity Incentive Plan. Set forth below are the results of the stockholder vote on this proposal:
Number of votes cast for the proposal | 70,159,973 |
Number of votes cast against the proposal | 25,355,855 |
Number of abstentions | 47,449 |
Broker non-votes | 30,340,869 |
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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: May 17, 2024 | /s/ James Bramble |
| James Bramble |
| Chief Legal Counsel |