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): May 5, 2015
MARCUS & MILLICHAP, INC.
(Exact name of Registrant as Specified in its Charter)
Delaware | 001-36155 | 35-2478370 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
23975 Park Sorrento, Suite 400
Calabasas, California 91302
(Address of Principal Executive Offices including Zip Code)
(818) 212-2250
(Registrants Telephone Number, including Area Code)
Not Applicable
(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:
¨ | 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 May 7, 2015, Marcus & Millichap, Inc. (the Company) issued a press release announcing that Hessam Nadji has been promoted to Senior Executive Vice President. Mr. Nadji joined the Company in 1996 and currently serves as its Chief Strategy Officer and Senior Vice President responsible for the Companys specialty brokerage divisions as well as research, advisory services and marketing. He will now also be responsible for overseeing the Companys mortgage brokerage operations, as well as certain corporate functions, and will report directly to the Companys board of directors. A copy of the press release is furnished as Exhibit 99.1 to this Current Report.
Item 5.07. | Submission of Matters to a Vote of Security Holders. |
The Companys 2015 Annual Meeting of Stockholders (the Annual Meeting) was held on May 5, 2015. The Companys stockholders voted on the following two proposals at the Annual Meeting and cast their votes as follows:
Proposal One:
The following individuals were elected to serve as directors for three-year terms ending with the 2018 Annual Meeting of Stockholders by the votes set forth in the following table:
For | Withheld | Broker Non-Votes | ||||||||||
Nicholas F. McClanahan |
33,067,779 | 2,004,818 | 1,148,554 | |||||||||
William A. Millichap |
32,920,114 | 2,152,483 | 1,148,554 |
Directors George M. Marcus, George T. Shaheen, Don C. Watters, John J. Kerin and Norma J. Lawrence continued in office following the Annual Meeting.
Proposal Two:
The appointment of Ernst & Young LLP as the Companys independent registered public accounting firm for 2015 was ratified, by the votes set forth in the following table:
For |
Against | Abstain | Broker Non-Votes(1) | |||
36,118,470 |
100,117 | 2,563 | n/a |
(1) | Pursuant to the rules of the New York Stock Exchange, this proposal constituted a routine matter. Therefore, brokers were permitted to vote without receipt of instructions from beneficial owners. |
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit Number |
Exhibit Title or Description | |
99.1 | Press release issued by the Company entitled Marcus & Millichap, Inc. Promotes Hessam Nadji to Senior Executive Vice President dated May 7, 2015. |
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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: May 8, 2015 | By: | /s/ Martin E. Louie | ||||
Martin E. Louie Chief Financial Officer |
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EXHIBIT INDEX
Exhibit Number |
Exhibit Title or Description | |
99.1 | Press release issued by the Company entitled Marcus & Millichap, Inc. Promotes Hessam Nadji to Senior Executive Vice President dated May 7, 2015. |
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Exhibit 99.1
MARCUS & MILLICHAP, INC. PROMOTES HESSAM NADJI TO SENIOR EXECUTIVE VICE PRESIDENT
Company Release05/07/2015
CALABASAS, Calif.(BUSINESS WIRE)Marcus & Millichap, Inc. (the Company, Marcus & Millichap) (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today announced that Hessam Nadji has been promoted to Senior Executive Vice President. Mr. Nadji joined the Company in 1996 and currently serves as its Chief Strategy Officer and Senior Vice President responsible for the Companys specialty brokerage divisions as well as research, advisory services and marketing. He will now also be responsible for overseeing the Companys mortgage brokerage operations, as well as certain corporate functions.
John J. Kerin, Chief Executive Officer and member of the Board of Directors, commented Hessam has been an integral member of our team during his successful 19 year tenure with the Company and was instrumental in crafting our current strategy and growth plan. Given his exceptional leadership track record, we believe he is the perfect choice to take on additional responsibilities as we continue to focus on growing our market share in our core private client business, specialty brokerage divisions and mortgage brokerage division.
Prior to joining Marcus & Millichap, Mr. Nadji was senior vice president at Grubb & Ellis. Mr. Nadji received a Bachelor of Science degree in information management and computer science from City University in Seattle.
About Marcus & Millichap, Inc.
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services. As of March 31, 2015, the Company has nearly 1,500 investment sales and financial professionals in 78 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,667 transactions in 2014, with a sales volume of approximately $33.1 billion. For additional information, please visit www.MarcusMillichap.com.