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): February 4, 2022
(Exact Name of Registrant as Specified in Its Charter)
| | |
| Delaware |
| (State or Other Jurisdiction of Incorporation) |
| | | | | | | | | | | | | | |
| 001-41054 | | 87-2176850 |
| (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | | |
| 4400 Biscayne Boulevard | Miami | Florida | | 33137 |
| (Address of Principal Executive Offices) | | (Zip Code) |
(305) 579-8000
(Registrant’s Telephone Number, Including Area Code)
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)) |
Securities Registered Pursuant to 12(b) of the Act:
| | | | | | | | |
| Title of each class: | Trading | Name of each exchange |
| Symbol(s) | on which registered: |
| Common stock, par value $0.01 per share | DOUG | New York Stock Exchange |
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 7.01. Regulation FD Disclosure.
Douglas Elliman Inc. (“Douglas Elliman”) is filing this Current Report on Form 8-K to report the following operating statistics.
Operating Statistics
For the fourth quarter and year ended December 31, 2021, Douglas Elliman’s subsidiary, Douglas Elliman Realty LLC, achieved gross transaction value of approximately $12.6 billion and $51.2 billion, compared to approximately $10.4 billion and $29.1 billion for the fourth quarter and year ended December 31, 2020.
For the fourth quarter and year ended December 31, 2021, Douglas Elliman’s subsidiary, Douglas Elliman Realty LLC, had total transactions of approximately 8,312 and 32,405, compared to approximately 7,551 and 22,686 for the fourth quarter and year ended December 31, 2020.
Exhibit 99.1 summarizes gross transaction value, total transactions and average transaction value per transaction (“Average Selling Price”) for Douglas Elliman’s subsidiary, Douglas Elliman Realty LLC, from 2010 to 2021.
The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of Douglas Elliman’s filings under the Securities Act or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibit
(d) Exhibits.
| | | | | | | | |
| Exhibit No. | | Exhibit |
| | Douglas Elliman Summary of Gross Transaction Value, Total Transactions and Average Selling Price, 2010-2021. |
| 104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | DOUGLAS ELLIMAN INC. |
| | |
| By: | /s/ J. Bryant Kirkland III |
| | | J. Bryant Kirkland III |
| | | Senior Vice President, Treasurer and Chief Financial Officer |
Date: February 4, 2022
