Marcus & Millichap Management

Management criteria checks 2/4

Marcus & Millichap's CEO is Hessam Nadji, appointed in Mar 2016, has a tenure of 8.17 years. total yearly compensation is $10.41M, comprised of 6.7% salary and 93.3% bonuses, including company stock and options. directly owns 0.62% of the company’s shares, worth €7.16M. The average tenure of the management team and the board of directors is 4.8 years and 10.6 years respectively.

Key information

Hessam Nadji

Chief executive officer

US$10.4m

Total compensation

CEO salary percentage	6.7%
CEO tenure	8.2yrs
CEO ownership	0.6%
Management average tenure	4.8yrs
Board average tenure	10.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hessam Nadji's remuneration changed compared to Marcus & Millichap's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$38m
Dec 31 2023	US$10m	US$700k	-US$34m
Sep 30 2023	n/a	n/a	-US$16m
Jun 30 2023	n/a	n/a	US$15m
Mar 31 2023	n/a	n/a	US$66m
Dec 31 2022	US$8m	US$675k	US$104m
Sep 30 2022	n/a	n/a	US$158m
Jun 30 2022	n/a	n/a	US$171m
Mar 31 2022	n/a	n/a	US$160m
Dec 31 2021	US$8m	US$563k	US$142m
Sep 30 2021	n/a	n/a	US$104m
Jun 30 2021	n/a	n/a	US$76m
Mar 31 2021	n/a	n/a	US$45m
Dec 31 2020	US$5m	US$502k	US$43m
Sep 30 2020	n/a	n/a	US$40m
Jun 30 2020	n/a	n/a	US$53m
Mar 31 2020	n/a	n/a	US$74m
Dec 31 2019	US$6m	US$600k	US$77m
Sep 30 2019	n/a	n/a	US$82m
Jun 30 2019	n/a	n/a	US$84m
Mar 31 2019	n/a	n/a	US$85m
Dec 31 2018	US$3m	US$600k	US$87m
Sep 30 2018	n/a	n/a	US$70m
Jun 30 2018	n/a	n/a	US$64m
Mar 31 2018	n/a	n/a	US$58m
Dec 31 2017	US$2m	US$600k	US$52m

Compensation vs Market: Hessam's total compensation ($USD10.41M) is above average for companies of similar size in the German market ($USD1.50M).

Compensation vs Earnings: Hessam's compensation has increased whilst the company is unprofitable.

CEO

Hessam Nadji (58 yo)

8.2yrs

Tenure

US$10,407,564

Compensation

Mr. Hessam Nadji has been the President, Chief Executive Officer and Director of Marcus & Millichap Inc. since March 31, 2016. Prior to this, Mr. Nadji served as a Senior Executive Vice President from May...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Marcus	Founder & Chairman	53.3yrs	US$139.98k	36.62% $ 420.9m
Hessam Nadji	President	8.2yrs	US$10.41m	0.62% $ 7.2m
Steven DeGennaro	Executive VP & CFO	3.8yrs	US$1.27m	0.045% $ 519.7k
Gregory LaBerge	Senior VP	8.6yrs	US$848.58k	0.018% $ 209.5k
Richard Matricaria	Executive VP & COO of Western Division	2.9yrs	US$1.56m	0.020% $ 228.7k
John Parker	Executive VP & COO of Eastern Division	5.3yrs	US$1.69m	0.035% $ 397.6k
Kurt Schwarz	First VP of Finance & Chief Accounting Officer	10yrs	no data	0.021% $ 244.8k
Ken Sayward	Senior VP & Chief Information Officer	4.3yrs	no data	no data
Mark Cortell	Senior VP & Chief Legal Officer	3.2yrs	no data	no data
Andrew Strockis	Senior VP & Chief Marketing Officer	2.5yrs	no data	no data
Jeffrey Mishkin	Senior Vice President of Investments	no data	no data	no data
Dan Litman	Senior Vice President of Capital Markets	no data	no data	no data

4.8yrs

Average Tenure

58yo

Average Age

Experienced Management: M6M's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Marcus	Founder & Chairman	53.3yrs	US$139.98k	36.62% $ 420.9m
Hessam Nadji	President	8.2yrs	US$10.41m	0.62% $ 7.2m
Lauralee Martin	Independent Director	4.8yrs	US$159.98k	0.035% $ 403.0k
George Shaheen	Independent Director	10.6yrs	US$159.98k	0.062% $ 715.6k
Don Watters	Lead Independent Director	10.6yrs	US$164.98k	0.049% $ 566.9k
Nicholas McClanahan	Independent Director	10.6yrs	US$154.98k	0.080% $ 923.6k
Norma Lawrence	Independent Director	10.6yrs	US$164.98k	0.080% $ 917.9k
Collete Dixon	Independent Director	2.5yrs	US$144.98k	0.013% $ 147.1k

10.6yrs

Average Tenure

75yo

Average Age

Experienced Board: M6M's board of directors are seasoned and experienced ( 10.6 years average tenure).

Marcus & Millichap Management

Management criteria checks 2/4

Key information

Recent management updates

Marcus & Millichap, Inc., Annual General Meeting, May 02, 2024

Executive VP & COO of Western Division recently sold €229k worth of stock

Executive VP & COO of Western Division recently sold €250k worth of stock

Lead Independent Director recently sold €353k worth of stock

Executive VP & COO of Eastern Division recently sold €144k worth of stock

Marcus & Millichap, Inc. Hires Jim Palmer as Senior Vice President

Recent updates

First quarter 2024 earnings released: US$0.26 loss per share (vs US$0.15 loss in 1Q 2023)

Now 22% undervalued after recent price drop

Marcus & Millichap, Inc. to Report Q1, 2024 Results on May 08, 2024

Now 20% undervalued after recent price drop

Marcus & Millichap, Inc., Annual General Meeting, May 02, 2024

Executive VP & COO of Western Division recently sold €229k worth of stock

Upcoming dividend of US$0.25 per share

Full year 2023 earnings released: US$0.88 loss per share (vs US$2.61 profit in FY 2022)

Dividend of US$0.25 announced

Marcus & Millichap, Inc. Declares Semi Annual Dividend, Payable on April 5, 2024

Marcus & Millichap, Inc. to Report Q4, 2023 Results on Feb 16, 2024

Executive VP & COO of Western Division recently sold €250k worth of stock

Third quarter 2023 earnings released: US$0.24 loss per share (vs US$0.53 profit in 3Q 2022)

Marcus & Millichap, Inc. to Report Q3, 2023 Results on Nov 03, 2023

Upcoming dividend of US$0.25 per share at 1.5% yield

Lead Independent Director recently sold €353k worth of stock

Second quarter 2023 earnings released: US$0.23 loss per share (vs US$1.05 profit in 2Q 2022)

Marcus & Millichap Proposes Regular Semi-Annual Dividend, Payable on October 6, 2023

Marcus & Millichap, Inc. to Report Q2, 2023 Results on Aug 04, 2023

First quarter 2023 earnings released: US$0.15 loss per share (vs US$0.82 profit in 1Q 2022)

Executive VP & COO of Eastern Division recently sold €144k worth of stock

Upcoming dividend of US$0.25 per share at 1.4% yield

Full year 2022 earnings released: EPS: US$2.61 (vs US$3.57 in FY 2021)

Marcus & Millichap Inc Declares Regular Semi-Annual Dividend, Payable on April 6, 2023

Marcus & Millichap, Inc. to Report Q4, 2022 Results on Feb 17, 2023

Marcus & Millichap, Inc. Hires Jim Palmer as Senior Vice President

Now 20% undervalued

Insider recently sold €51k worth of stock

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.85 in 3Q 2021)

Marcus & Millichap, Inc. to Report Q3, 2022 Results on Nov 04, 2022

Marcus & Millichap, Inc. Announces Major Technology Enhancement for Accessing Its Exclusive Inventory

Upcoming dividend of US$0.25 per share

Insufficient new directors

Insider recently sold €86k worth of stock

Second quarter 2022 earnings released: EPS: US$1.05 (vs US$0.79 in 2Q 2021)

Marcus & Millichap, Inc. (NYSE:MMI) announces an Equity Buyback for $70 million worth of its shares.

Marcus & Millichap, Inc. Declares Semi-Annual Dividend, Payable on October 6, 2022

Marcus & Millichap, Inc. to Report Q2, 2022 Results on Aug 05, 2022

Insider recently sold €90k worth of stock

First quarter 2022 earnings released: EPS: US$0.82 (vs US$0.38 in 1Q 2021)

Marcus & Millichap, Inc. to Report Q1, 2022 Results on May 06, 2022

Marcus & Millichap, Inc. Announces Management Changes

Insider recently sold €179k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Marcus & Millichap, Inc. Declares Special Dividend, Payable on April 4, 2022

Marcus & Millichap, Inc. Announces Executive Changes

Third quarter 2021 earnings released: EPS US$0.85 (vs US$0.15 in 3Q 2020)

Insider recently sold €214k worth of stock

Insider recently sold €92k worth of stock

Second quarter 2021 earnings released: EPS US$0.79 (vs US$0.003 in 2Q 2020)

Insider recently sold €124k worth of stock

First quarter 2021 earnings released: EPS US$0.38 (vs US$0.33 in 1Q 2020)

Founder & Chairman recently sold €1.7m worth of stock

Marcus & Millichap, Inc., Annual General Meeting, May 04, 2021

New 90-day low: €28.60

President recently sold €734k worth of stock

Full year 2020 earnings released: EPS US$1.08 (vs US$1.95 in FY 2019)

Revenue beats expectations

Marcus & Millichap, Inc. to Report Q4, 2020 Results on Feb 18, 2021

New 90-day high: €31.20

New 90-day high: €30.80

Marcus & Millichap, Inc. (NYSE:MMI) acquired assets of LMI Capital.

New 90-day high: €30.40

President recently sold €416k worth of stock

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.15

New 90-day high: €26.80

Marcus & Millichap, Inc. (NYSE:MMI) entered into a definitive agreement to acquire Mission Capital Advisors, LLC.