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Get filing alertsNewmark CEO Barry Gosin to step down Dec 31, 2026; new $5M/year deal through 2029
Filed August 7, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
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Barry Gosin will step down as CEO on December 31, 2026, after 47 years in the role since 1979. He will transition to Chairman of operating company Newmark & Co. through at least end of 2027, with Board expecting to identify new CEO by year-end.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Gosin's new employment agreement extends through December 31, 2029, paying $5 million annually (2027-2029): $1 million base salary plus $4 million cash bonus, with potential additional compensation subject to Compensation Committee approval.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Agreement eliminates post-employment non-compete payments previously payable to Gosin and modifies permitted outside activities to allow fund investments while requiring him to offer the Company servicing opportunities on associated properties.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Newmark announced a planned CEO transition with Barry Gosin stepping down on December 31, 2026, after nearly five decades in the role. The company characterizes this as an orderly succession, with Gosin remaining as Chairman of the operating entity through at least 2027 to support the transition while the Board identifies a new CEO by year-end. The extended timeline and Gosin's continued involvement suggest the company is prioritizing continuity during the leadership change.
The new employment agreement pays Gosin $5 million annually through 2029 for his post-CEO role, a material commitment that reflects both his long tenure and the value the Board places on his involvement during and after the transition. The agreement eliminates prior non-compete payments and adjusts his permitted outside activities, allowing broader investment activity while maintaining service-opportunity requirements for the company.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Mr. Gosin’s term of employment will be extended through December 31, 2029 (unless terminated earlier as set forth below). Mr. Gosin will continue as Chief Executive Officer of the Company through December 31, 2026, after which he will continue as Chairman of Newmark & Co. through at least December 31, 2027 with such duties and responsibilities as determined by the Board, for a period of time through no later than December 31, 2029
Gosin entered into a new employment agreement extending his term through December 31, 2029. He will serve as CEO through year-end 2026, then transition to Chairman of the operating company through at least end of 2027, with the Board retaining discretion to modify his role or terminate the agreement prior to 2029.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
the Permitted Activities provisions (as defined in the 2024 Gosin Employment Agreement) are modified to (i) permit Mr. Gosin to invest alongside outside investors via a fund raised by him alone or with others (excluding anyone employed or retained by, or otherwise associated with, the Company of any of its affiliates without Board consent), (ii) provide that Mr. Gosin may invest in institutional real estate funds except where he knew or, after reasonable due diligence should have known, that such fund is owned, controlled, or managed by the Company’s brokerage competitors, and (iii) require Mr. Gosin to offer the Company the opportunity to service associated properties, replacing the prior requirement to offer the Company up to a 50% partnership interest in such investments.
The agreement modifies Gosin's permitted outside activities to allow him to invest via funds he raises and in institutional real estate funds (excluding competitor-managed funds), while requiring him to offer the Company the opportunity to service associated properties rather than the prior requirement to offer a 50% partnership interest.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
In connection with this announcement, Mr. Gosin entered into an amended and restated employment agreement to remain as Chairman of the Company’s operating entity, Newmark & Co., up to 2029.
Gosin has entered into an amended employment agreement to remain as Chairman of Newmark & Co. through 2029, providing continuity during and after the CEO transition period.
Added in current filing · view on EDGAR →
For nearly five decades, Barry, along with his entire leadership team, have led Newmark through some of its most consequential milestones, including its initial public offering in 2017 and becoming the fastest growing publicly traded commercial real estate firm in the world, increasing annual revenues by over 1,400% since 2011 while expanding to more than 10,000 professionals across approximately 195 locations.
The filing provides context on Newmark's growth under Gosin's leadership, including the 2017 IPO and revenue growth exceeding 1,400% since 2011. The company now has over 10,000 professionals across approximately 195 locations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 10, 2026 · How we verify