Douglas Elliman adds two independent board directors

Q: What board change did Douglas Elliman (DOUG) disclose?

Douglas Elliman appointed Justyn Feldman and Sanghyun Lee as Class III directors effective July 10, 2026. They will serve until the company’s 2027 annual meeting of stockholders, when their terms are scheduled to expire.

Q: Who is Justyn Feldman, the new Douglas Elliman (DOUG) director?

Justyn Feldman is Senior Vice President at The GMS Group, LLC, a brokerage specializing in tax-free municipal bonds. He holds multiple Series 7, 9, 10, 24, 55, 63, and 65 licenses and earned a Bachelor of Science degree from the University of Arizona.

Q: What is Sanghyun Lee’s background before joining the Douglas Elliman (DOUG) board?

Sanghyun Lee serves as Head of Asia Pacific, Global Affairs at OpenAI since March 2026. He previously held senior government affairs and public policy roles at Google and Airbnb and holds degrees from Emory, Harvard Kennedy School, MIT Sloan, and Yonsei University.

Q: Are the new Douglas Elliman (DOUG) directors considered independent?

The board determined that both Justyn Feldman and Sanghyun Lee meet the independence requirements of the New York Stock Exchange and applicable SEC rules and regulations, supporting their status as independent non-employee directors.

Douglas Elliman Inc. appointed Justyn Feldman and Sanghyun Lee as Class III directors effective July 10, 2026.

Accepted by SEC EDGAR 07/16/2026 - 05:00 PM EDT

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Form Type

8-K

Rhea-AI Filing Summary

Douglas Elliman Inc. appointed Justyn Feldman and Sanghyun Lee as Class III directors effective July 10, 2026. They will serve on the board until the company’s 2027 annual meeting of stockholders and until their successors are elected and qualified or they otherwise leave the role.

Feldman is Senior Vice President at The GMS Group, LLC and holds multiple FINRA licenses, while Lee is Head of Asia Pacific, Global Affairs at OpenAI with prior senior policy roles at Google and Airbnb. The board determined that both meet New York Stock Exchange independence requirements and applicable SEC rules. They were not appointed under any arrangement with other persons, and there are no related-party transactions requiring disclosure. Both will receive Douglas Elliman’s standard non-employee director compensation as described in its 2026 definitive proxy statement.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Appointment date: July 10, 2026 Term through: 2027 annual meeting of stockholders Google tenure period: June 2019 to March 2026

3 metrics

Appointment date July 10, 2026 Date Feldman and Lee were appointed as Class III directors

Term through 2027 annual meeting of stockholders Directors will serve until this meeting and until successors are elected and qualified

Google tenure period June 2019 to March 2026 Period Sanghyun Lee held senior government affairs and public policy roles at Google

Key Terms

Class III directors, emerging growth company, Regulation S-K, non-employee director compensation, +1 more

5 terms

Class III directors regulatory

"appointed Justyn Feldman and Sanghyun Lee as Class III directors of the Board"

Class III directors are members of a company’s board assigned to one of several staggered term groups, so only that class faces election in a particular year while other classes stay in place. For investors this affects corporate control and takeover risk because staggered elections make it slower and harder for an outside group to replace a majority of directors quickly—think of it as a rotating schedule for board seats that provides continuity but can also entrench existing leadership.

emerging growth company regulatory

"Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Regulation S-K regulatory

"no transactions in which Messrs. Feldman or Lee have a direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K"

A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.

non-employee director compensation financial

"will participate in the Company’s standard non-employee director compensation arrangements"

independence requirements regulatory

"The Board determined that Messrs. Feldman and Lee each meet the independence requirements of the New York Stock Exchange"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did Douglas Elliman (DOUG) disclose?

Douglas Elliman appointed Justyn Feldman and Sanghyun Lee as Class III directors effective July 10, 2026. They will serve until the company’s 2027 annual meeting of stockholders, when their terms are scheduled to expire.

Who is Justyn Feldman, the new Douglas Elliman (DOUG) director?

Justyn Feldman is Senior Vice President at The GMS Group, LLC, a brokerage specializing in tax-free municipal bonds. He holds multiple Series 7, 9, 10, 24, 55, 63, and 65 licenses and earned a Bachelor of Science degree from the University of Arizona.

What is Sanghyun Lee’s background before joining the Douglas Elliman (DOUG) board?

Sanghyun Lee serves as Head of Asia Pacific, Global Affairs at OpenAI since March 2026. He previously held senior government affairs and public policy roles at Google and Airbnb and holds degrees from Emory, Harvard Kennedy School, MIT Sloan, and Yonsei University.

How long will the new Douglas Elliman (DOUG) directors serve?

Both directors are expected to serve until Douglas Elliman’s 2027 annual meeting of stockholders. They remain in office until their successors are duly elected and qualified or until earlier death, resignation, removal, retirement, or disqualification.

Are the new Douglas Elliman (DOUG) directors considered independent?

The board determined that both Justyn Feldman and Sanghyun Lee meet the independence requirements of the New York Stock Exchange and applicable SEC rules and regulations, supporting their status as independent non-employee directors.

Will the new Douglas Elliman (DOUG) directors receive special compensation?

The company states that both new directors will participate in its standard non-employee director compensation arrangements. These arrangements are described in Douglas Elliman’s 2026 definitive proxy statement, specifically on pages 19 and 20 filed on April 30, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): July 10, 2026


DOUGLAS ELLIMAN INC.

(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 5.02			Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 10, 2026, the Board of Directors (the “Board”) of Douglas Elliman Inc., a Delaware corporation (the “Company”), appointed Justyn Feldman and Sanghyun Lee as Class III directors of the Board effective as of the same date. Messrs. Feldman and Lee were appointed to the Board following the recommendation of its Corporate Responsibility and Nominating Committee and will serve as directors until the Company’s 2027 annual meeting of stockholders, and until their successors shall have been duly elected and qualified or until their earlier death, resignation, removal, retirement or disqualification.

Mr. Feldman joined The GMS Group, LLC, a premier full-service brokerage firm specializing in tax-free municipal bonds, in June 2002 and currently serves as Senior Vice President. A highly credentialed financial strategist, Mr. Feldman holds Series 7, 9, 10, 24, 55, 63, and 65 professional licenses. He earned a Bachelor of Science degree from the University of Arizona. His commitment to community and heritage is reflected in his active philanthropic support of his local temple.

Mr. Lee is a global technology and public policy executive with more than two decades of experience. He has served as Head of Asia Pacific, Global Affairs at OpenAI since March 2026. Prior to OpenAI, Mr. Lee served in senior government affairs and public policy roles at Google from June 2019 to March 2026, most recently as Global Head of Key Markets, Government Affairs and Public Policy. From June 2015 to June 2019, he served in senior public policy roles at Airbnb. Mr. Lee currently serves on the Board of Trustees of St. Johnsbury Academy. He received a B.A. in Economics from Emory University, an MPA from Harvard Kennedy School, an MBA from the MIT Sloan School of Management and a Ph.D. from Yonsei University.

The Board determined that Messrs. Feldman and Lee each meet the independence requirements of the New York Stock Exchange and United States Securities and Exchange Commission (“SEC”) rules and regulations.

Messrs. Feldman and Lee were not appointed pursuant to any arrangement or understanding between them and any other person. There are no transactions in which Messrs. Feldman or Lee have a direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K.

Messrs. Feldman and Lee will participate in the Company’s standard non-employee director compensation arrangements, which is described on Pages 19 and 20 of the Company’s Definitive Proxy Statement for its 2026 Annual Meeting of Stockholders, filed with the SEC on April 30, 2026.

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.

DOUGLAS ELLIMAN INC.

By:

/s/ J. Bryant Kirkland III

J. Bryant Kirkland III

Executive Vice President, Treasurer and
Chief Financial Officer

Date: July 16, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

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