UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): November 5, 2018 (November 1, 2018)
EXP
WORLD HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-53300
Delaware | 98-0681092 |
(State or other jurisdiction | (IRS Employer |
of incorporation) | Identification No.) |
2219 Rimland Drive, Suite 301
Bellingham, WA 98226
(Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code: (360) 685-4206
N/A
(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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240. 12b-2). 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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
Appointment of Jeff Whiteside as Chief Financial Officer and Chief Collaboration Officer of eXp World Holdings, Inc.
On November 1, 2018, eXp World Holdings, Inc. (NASDAQ: EXPI; “eXp” or the “Company”) appointed Jeff Whiteside as its Chief Financial Officer and Chief Collaboration Officer, effective immediately. Mr. Whiteside has worked for +30 years in global finance and operational leadership roles including executive positions at General Electric, Pitney Bowes, RM Sotheby’s Auctions, in addition to CFO/COO roles in three software/technology companies. Most recently Whiteside was Auction Director for the Saratoga Auto Museum from November 2016 through October 2018. Prior to Saratoga, Whiteside was Chief Operating Officer of Saratoga Juice Bar, LLC from January 2015 through November 2016. Prior to Saratoga Juice Bar Whiteside was Chief Operating Officer and Chief Financial Officer at RM Auctions in 2014 and 2015. Prior to RM Auctions Whiteside was Vice President and Group Financial Officer at Pitney Bowes from December 2008 through December 2013.
Whiteside was born in December of 1962 and is a graduate of Rensselaer Polytechnic, obtaining both his B.S. (with an emphasis in Managerial Economics) and M.B.A. in 1986. There are no arrangements or understandings between Whiteside and any other persons pursuant to which he was appointed as CFO/CCO and there are no family relationships between Whiteside and any director or executive officer of the Company. Whiteside has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Alan Goldman was appointed as Chief Accounting Officer of eXp World Holdings, Inc. effective November 1, 2018. Mr. Goldman joined eXp World Holdings in 2016 and began serving as the Company’s Chief Financial Officer in March of 2016. Mr. Goldman will continue to serve as the Chief Financial Officer of the Company’s real estate brokerage division, a position he also held since March of 2016.
On November 1, 2018, the Company issued a press release announcing the management changes discussed above. A copy of the press release is filed with this Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
Description | |
99.1 | Press release dated November 1, 2018 |
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.
Dated: November 5, 2018
EXP WORLD HOLDINGS, INC. | ||
By: | /s/ Glenn Sanford | |
Glenn Sanford Chief Executive Officer |
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Exhibit 99.1
eXp World Holdings Adds to Executive Team
Hires Jeff Whiteside as CFO and Chief Collaboration Officer,
Names Alan Goldman eXp Realty CFO and Chief Accounting Officer
BELLINGHAM, WASH. — Nov. 1, 2018 — eXp World Holdings, Inc. (NASDAQ: EXPI) today announced that Jeff Whiteside is joining the company in a dual role as Chief Financial Officer and Chief Collaboration Officer. eXp World Holdings is the holding company for eXp Realty, the largest residential real estate brokerage by geography in North America and the first real estate brokerage to operate as one company-owned brokerage in all 50 U.S. states.
Jeff brings more than 30 years of finance and operations experience, including running divisions of General Electric and successfully integrating acquisitions at Pitney Bowes. He will work closely with eXp World Holdings CEO Glenn Sanford and lead finance, business development (M&A), new ventures, international markets and investor relations.
Alan Goldman, who has been with eXp World Holdings since May 2016, will continue as Chief Financial Officer of eXp Realty and take on the additional role of Chief Accounting Officer of eXp World Holdings. Alan will continue to work day-to-day with the eXp Realty executive leadership team.
“With Jeff assuming a dual role of CFO and Chief Collaboration Officer of eXp World Holdings, we are really excited to have him accelerate our stated goal of agile at scale,” said Sanford. “Jeff brings CFO, COO and international experience to eXp as well as a successful track record of implementing renowned business practices to growth-stage, technology-driven companies that are looking to scale globally and build a sustainable future. He is a proven leader and someone who matches up well with our core values.”
“Alan has been a critical part of eXp Realty and eXp World Holdings since starting as an independent consultant in 2013. Both agents and staff respect Alan for his passion, knowledge and strategic outlook,” said Sanford. “We are fortunate to have Alan focused on our primary business unit, eXp Realty. Since the day Alan joined, he has helped grow the company to where it is today and will continue to put many of the systems and processes in place to steward the entire company on the right path.”
About eXp World Holdings
eXp World Holdings, Inc., is the holding company for eXp Realty (NASDAQ: EXPI), the largest residential real estate brokerage by geography in North America and the first real estate brokerage to operate as one company-owned brokerage in all 50 U.S. states. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 14,000 agents in 50 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.
For more information, please visit the company’s website at www.eXpWorldHoldings.com.
Connect with eXp Realty and eXp World Holdings:
● Facebook - Canada, United States
● Twitter - United States, investor relations
● LinkedIn - Canada and United States
Media Relations Contact:
Cynthia Nowak
Vice president of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com
Investor Relations Contact:
Greg Falesnik
Managing director, MZ Group – MZ North America
949.385.6449
greg.falesnik@mzgroup.us