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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): January 5, 2018
_______________________________ 
Realogy Holdings Corp.
(Exact Name of Registrant as Specified in its Charter)
 
Delaware
 
001-35674
 
20-8050955
 
 
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
_______________________________ 
Realogy Group LLC
(Exact Name of Registrant as Specified in its Charter)
 
Delaware
 
333-148153
 
20-4381990
 
 
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
_______________________________ 
175 Park Avenue
Madison, NJ 07940
(Address of principal executive offices) (Zip Code)
(973) 407-2000
(Registrant’s telephone number, including area code)
None
(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:
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
 
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 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    o
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.    o
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Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As announced in a press release issued by Realogy Holdings Corp. (the “Company” or “Realogy”) on January 5, 2018, Bruce Zipf, the former President and Chief Executive Officer of NRT LLC, transitioned to the non-officer role of Executive Advisor to the Company’s CEO on January 5, 2018.
As part of the transition, the Company and Mr. Zipf have agreed that he will continue at his current base salary of $625,000 through February 2019 and for the subsequent 12-month period will receive a base salary of $375,000. In his new role, he will not be entitled to additional grants of equity awards or, commencing March 1, 2018, to participate in the annual cash incentive plan. In addition, Mr. Zipf will be entitled to the payments and benefits payable in accordance with his severance agreement for a termination of employment without cause, subject to continued compliance with his restrictive covenants (including non-compete and non-solicitation covenants) and the execution and non-revocation of a release of claims.
Item 8.01.
Other Events.
A copy of the press release issued by the Company on January 5, 2018, announcing certain organizational and executive leadership changes, is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.
 
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
 
Description
99.1
 
Press Release dated January 5, 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.
REALOGY HOLDINGS CORP.
 
 
 
By:
 
/s/ Anthony E. Hull
 
 
Anthony E. Hull, Executive Vice President, Chief Financial Officer and Treasurer
Date: January 5, 2018


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.
REALOGY GROUP LLC
 
 
 
By:
 
/s/ Anthony E. Hull
 
 
Anthony E. Hull, Executive Vice President, Chief Financial Officer and Treasurer
Date: January 5, 2018








EXHIBIT INDEX
Exhibit No.
 
Exhibit
99.1
 




Exhibit


Exhibit 99.1
http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=11972377&doc=3

REALOGY MAKES KEY ORGANIZATIONAL CHANGES

Realogy Enters 2018 Focused on Transforming the Company


MADISON, N.J., January 5, 2018 – Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today made several key organizational and executive leadership changes across its business units.

“We begin 2018 with an industry-leading market position, great brands, and technology/data scale,” said Ryan Schneider, Realogy’s Chief Executive Officer and President. “The organizational changes we are making today are designed to accelerate our transformation and position our company for stronger business performance.”

Schneider continued: “Our immediate focus is on the highest points of leverage within the company to drive better business results, develop talent and operate the company on a more integrated basis. We expect to drive our business forward and enhance shareholder value with an aggressive strategy serving and supporting agents, increasingly leveraging technology and data, and utilizing the power of our great brands.”

Toward those objectives, the Company has made the following organizational changes:

Ryan Gorman was named President and Chief Executive Officer of NRT LLC, and will be responsible for the day-to-day operations of NRT’s company-owned brokerages doing business under the Coldwell Banker® brand. Gorman has served as Chief Strategy & Operating Officer of NRT for the past 16 months and as its Senior Vice President, Strategic Operations for the previous four years. Bruce Zipf, the former President and Chief Executive Officer of NRT, has transitioned to the role of Executive Advisor to Realogy’s CEO.

John Peyton, President and Chief Executive Officer of Realogy Franchise Group, the Company’s real estate franchise services segment, will expand his responsibilities to include oversight of two NRT businesses: the Corcoran® businesses and the company-owned Sotheby’s International Realty® brokerages.

Realogy expects to announce the appointment of an Executive Vice President, Chief Technology Officer in the next week, replacing Stephen Fraser, who previously served as Senior Vice President and Chief Information Officer.

Realogy has launched a search for a new President and Chief Executive Officer of Cartus Corporation, the Company’s relocation and affinity services segment. Kevin Kelleher, the former President and Chief Executive Officer of Cartus, has transitioned to the role of Executive Advisor to Realogy’s CEO. Scott Becker, who currently leads Cartus’ affinity business, will serve as the interim leader for Cartus.





“I am incredibly confident Ryan Gorman and John Peyton are well-positioned to assume expanded leadership roles,” said Schneider. “In addition, I am equally excited about the leadership our new Chief Technology Officer will bring to Realogy.”

“Bruce Zipf and Kevin Kelleher helped build NRT and Cartus into the companies they are today,” added Schneider. “We thank them for their decades of leadership within our company. Likewise, we thank Stephen Fraser for strengthening our information technology resources and infrastructure over the past three years.”

Schneider concluded: “The intent of these organizational changes is to drive better results while accelerating the pace of change required to transform our company. We are moving forward quickly.”

About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is a leading provider of residential real estate services that is focused on empowering independent sales agents to best serve today’s consumers. Realogy delivers its services through its well-known industry brands including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, Sotheby's International Realty® as well as NRT, Cartus, Title Resource Group and ZapLabsSM, an in-house innovation and technology development lab. Realogy’s fully integrated business model includes brokerage, franchising, relocation, mortgage and, title and settlement services. Realogy provides independent sales agents access to leading technology, best-in-class marketing and learning programs, and support services to help them become more productive and build stronger businesses. Realogy’s affiliated brokerages operate around the world with approximately 192,600 independent sales agents in the United States and approximately 94,000 independent sales agents in more than 100 other countries and territories. Realogy is headquartered in Madison, New Jersey.
  

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than those of historical fact, contained in this report, are forward-looking statements including, but not limited to, statements regarding the Company’s strategic plans. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Realogy Holdings Corp. to be materially different from those expressed or implied by such forward-looking statements, including that there can be no assurance that the Company’s strategic plans will be successfully implemented or result in the anticipated benefits to the Company as well as those discussed in the Company’s filings with the SEC. Any forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable securities laws, the Company expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. For additional information concerning risks, uncertainties and other factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to the Company’s business in general, please refer to Realogy




Holdings Corp.'s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2017.

Investor Contacts:
Alicia Swift
(973) 407-4669
alicia.swift@realogy.com

Jennifer Halchak
(973) 407-7487
jennifer.halchak@realogy.com

Media Contact:
Mark Panus
(973) 407-7215
mark.panus@realogy.com