Blog: EXP WORLD HOLDINGS, INC. : Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

Item 2.02.Results of Operations and Financial Condition.

On May 4, 2022, eXp World Holdings, Inc. (the “Company”) issued a press release
announcing its financial results for the three months ended March 31, 2022. A
copy of the press release is attached hereto as Exhibit 99.1.

The information in this Item 2.02 and 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 otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference in any filing
by the Company under the Exchange Act or the Securities Act of 1933, as amended
(the “Securities Act”), except as expressly set forth by specific reference in
such filing.

Exhibit 99.1 contains certain non-GAAP financial information. The reconciliation
of such non-GAAP financial information to GAAP financial measures is included in
Exhibit 99.1. Further, Exhibit 99.1 contains statements intended as
“forward-looking statements,” all of which are subject to the cautionary
statements about forward-looking statements set forth therein.

Item 7.01 Regulation FD Disclosure.

In the press release issued on May 4, 2022, and attached hereto as Exhibit 99.1,
the Company also announced that it would conduct a virtual fireside chat today,
Wednesday, May 4, 2022, at 7:30 a.m. (Pacific Time) to discuss its financial
results for the first quarter ended March 31, 2022.

On April 29, 2022, the Company’s Board of Directors declared a cash dividend of
$0.04 per share of the Company’s outstanding Common Stock. The dividend is
expected to be paid on May 31, 2022 to the shareholders of record on May 16,
2022.

The information in this Item 7.01 shall not be deemed “filed” for purposes of
the Exchange Act, or otherwise subject to the liabilities of that section, nor
shall it be deemed incorporated by reference in any filing by the Company under
the Exchange Act or the Securities Act, except as expressly set forth by
specific reference in such filing.

The information in this report and Exhibit 99.1 hereto may contain
“forward-looking statements” within the meaning of the Securities Act and the
Exchange Act. There can be no assurance that future dividends will be declared.
The declaration of future dividends is subject to approval of the Board of
Directors after its review of the Company’s financial performance and cash
needs. Declaration of future dividends is also subject to various risks and
uncertainties.



Item 8.01 Other Events.

Pursuant to the Board Resolution attached hereto as Exhibit 10.4, the Company’s
Board of Directors increased the authorization limits of the Company’s stock
repurchase program from $400 million to $500 million and approved the form of
first amendment to that certain Issuer Repurchase Plan, dated January 10, 2022,
by and between the Company and Stephens Inc. which is attached hereto as Exhibit
10.3.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.   Description
10.3            Issuer Repurchase Plan, dated January 10, 2022, by and between eXp
              World Holdings Inc. and Stephens Inc.
10.4            First Amendment to eXp World Holdings, Inc. Stock Repurchase
              Program
99.1            Press Release dated May 4, 2022
104           Cover Page Interactive Data File (embedded within the inline XBRL
              document)

© Edgar Online, source Glimpses

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s