8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

______________

FORM 8-K

______________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

July 31, 2016

______________

REALPAGE, INC.

(Exact name of registrant as specified in its charter)

______________

Delaware	001-34846	75-2788861
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4000 International Parkway

Carrollton, Texas 75007

(Address of principal executive offices, including zip code)

(972) 820-3000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 31, 2016, Daryl Rolley resigned his position as Executive Vice President and Chief Revenue Officer of RealPage, Inc. (the “Company”). Mr. Rolley has entered into a consulting agreement with the Company effective as of August 1, 2016 pursuant to which Mr. Rolley has agreed to provide services to the Company as requested by the Company with respect to his transition, through July 31, 2017. In consideration for his performance of such services, the Company will pay Mr. Rolley a retainer of $20,000 per month during the 12-month term of the consulting agreement. Mr. Rolley also entered into a general release and separation agreement with the Company effective July 31, 2016. The terms of the general release and separation agreement modify Mr. Rolley’s employment agreement with the Company to provide that Mr. Rolley will receive a severance payment of $160,000 and all of his unvested awards granted pursuant to the Company’s 2010 Equity Compensation Plan will terminate as of July 31, 2016.

Item 7.01 Regulation FD Disclosure.

On August 3, 2016, the Company issued a press release announcing that the Company hired Ms. Ashley Glover as Executive Vice President and Chief Revenue Officer effective as of August 15, 2016. A copy of the press release is furnished herewith as Exhibit 99.1.

The information furnished by Current Report on Form 8-K under this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit No.	Description
99.1	RealPage, Inc. press release dated August 3, 2016.

The information furnished in this Current Report under Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities of Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

SIGNATURE

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.

		REALPAGE, INC.
	By:	/s/ Stephen T. Winn
		Stephen T. Winn
		Chief Executive Officer and President
Date: August 3, 2016

EXHIBIT INDEX

Exhibit Number	Description
99.1	RealPage, Inc. press release dated August 3, 2016.

EX-99.1

Exhibit 99.1

RealPage Announces New Chief Revenue Officer

CARROLLTON, Texas­­(BUSINESS WIRE)­­ RealPage,Inc. (NASDAQ:RP), a leading provider of on demand software and software­enabled services for the multifamily, commercial, single­family and vacation rental housing industries, today announced that Ashley Glover has been hired as Executive Vice President and Chief Revenue Officer responsible for sales, marketing, professional and implementation services, as well as international operations. Glover will report directly to Steve Winn.

Comments on the News

“We are delighted to have Ashley back at RealPage as our Chief Revenue Officer,” said Steve Winn, Chairman and CEO of RealPage. “During her previous tenure as our top sales executive from 2012 through 2013, Ashley oversaw significant new sales bookings growth and nearly 20% organic revenue growth. Ashley was an exceptional executive then and we are looking forward to bringing her back to the team in an expanded role.”

“I am delighted to rejoin the RealPage team,” said Glover. “This is an exciting time for RealPage as we begin to steer the company through the sales and operations evolution required to achieve $1 billion in annual revenue and 30% adjusted EBITDA margins. I believe RealPage has the most complete platform of software and services available for both the operating and transactional sides of rental housing. I see tremendous

opportunity to accelerate the adoption of our platform, while enabling clients, prospective property owners, institutional investors, lenders, brokers and research firms to outperform the market leveraging the largest and most accurate repository of data in the industry.”

Glover was most recently managing member of KAG Ventures, LLC, a firm focused on investment, operations, and strategic consulting in multifamily real estate. She served as RealPage’s Executive Vice President, Chief Sales and Marketing Officer from February 2012 to December 2013. For eight years prior to 2012, she led

some of the largest divisions in the company, broadening her sales, service, operations and product management experience. Ms. Glover received her B.S. in computer science from Southern Methodist University and her M.B.A. from Harvard University.

“Ashley will replace Daryl Rolley, who is leaving the business to pursue other opportunities and to spend more time with his family in Atlanta,” Winn continued. “We thank Daryl for his contributions to RealPage and wish him well in future endeavors.”

About RealPage, Inc.

RealPage, Inc. is a leading provider of comprehensive property management software solutions for the multifamily, commercial, single­family and vacation rental housing industries. These solutions help property owners increase efficiency, decrease expenses, enhance the resident experience and generate more revenue. Using its innovative SaaS platform, RealPage's on demand software enables easy system integration and streamlines online property management. Its product line covers the full spectrum of property management, leasing and marketing, asset optimization, and resident management solutions. Founded in 1998 and headquartered in Carrollton, Texas, RealPage currently serves approximately 12,000 clients worldwide from offices in North America, Europe and Asia. For more information about the company, visit http://www.realpage.com.

Contacts

RealPage, Inc. Investor Relations

Rhett Butler, 972­820­3773 rhett.butler@realpage.com