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RE/MAX’s board of directors is due for a shake up after the departure of board member Joe DeSplinter, according to a new report.
DeSplinter, who retired from the accounting firm Price & Young in 2014 and joined RE/MAX’s board in early 2016, informed its lead independent director last week he intends to retire ahead of the completion of his current term, which was scheduled to end at RE/MAX’s 2023 shareholder meeting, according to a document the company filed with the Securities Exchange Commission, which was first reported by Real Trends.
RE/MAX has not yet announced a date for its 2023 shareholder meeting, but the meeting generally occurs in late May or early June.
DeSplinter’s departure was not a result of any disagreement with the company, RE/MAX said in an emailed statement.
“Joe has made invaluable contributions to RE/MAX Holdings during his time serving on the Board of Directors,” a RE/MAX spokesperson said. “We greatly appreciate his service and wish him well on his next endeavors.”
The board has begun a search for DeSplinter’s replacement. Once a replacement is appointed, DeSplinter will make his departure, the company said.
Desplinter retired from the accounting firm Price & Young in 2014 after a 39-year career, during which time he served as the firm’s professional practice director for private equity in New York, a member of its Accounting and Auditing Committee, and Managing Partner in their Denver and Phoenix offices.
In addition to RE/MAX, he also serves on the board of Adolfson & Peterson Construction and previously sat on the Catholic Foundation of Northern Colorado’s board.