UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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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 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As previously reported by Marcus & Millichap, Inc. (the “Company”), on April 29, 2025, Richard Matricaria, formerly the Company’s Chief Operating Officer, Western Division, was named Senior Vice President and Chief Growth Officer effective May 1, 2025. On June 5, 2025, Mr. Matricaria and the Company, entered into an employment agreement (the “Employment Agreement”) setting forth the terms of his service as Chief Growth Officer.
Pursuant to the terms of the Employment Agreement, Mr. Matricaria will (i) receive an annual base salary of $400,000, (ii) be eligible to receive an annual discretionary cash bonus with a bonus target of $600,000 based on the achievement of individual goals and Company goals, (iii) be eligible to receive equity grants of up to 50% of the amount of the annual discretionary cash bonus, and (iv) receive a one-time relocation allowance of up to $75,000 for actual moving-related costs. The Employment Agreement became retroactively effective as of May 1, 2025.
The foregoing description of the Employment Agreement is not complete and is qualified by reference to the full text and terms of such document, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description of Exhibit | |
| 10.1 | Employment Agreement by and between Marcus & Millichap, Inc. and Richard Matricaria | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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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 hereunto duly authorized.
| MARCUS & MILLICHAP, INC. | ||||||
| Date: June 9, 2025 | By: | /s/ Steven F. DeGennaro | ||||
| Steven F. DeGennaro | ||||||
| Chief Financial Officer | ||||||
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