Company: MMI
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001193125-25-057887
Chunk: 16

Company: Marcus & Millichap, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 16
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 to which the Director is appointed. The Class I Directors are Norma J. Lawrence and Hessam Nadji, whose terms will expire at the 2026 Annual Meeting of Stockholders. The Class II Directors are Collete English Dixon, Lauralee E. Martin, and Nicholas F. McClanahan, whose terms will expire at the 2027 Annual Meeting of Stockholders. The Class III Directors are George M. Marcus, George T. Shaheen, and Don C. Watters, who are nominated to be elected at the Annual Meeting. Marcus & Millichap, Inc. | 2025 Proxy Statement | Page 17

Corporate Governance Leadership of the Board Our Amended and Restated Bylaws (“Bylaws”) do not dictate a particular Board structure, and the Board is free to determine whether to have a Chair of the Board and, if so, to select that Chair and our CEO in the manner it considers in our best interest. Additionally, when the Chair of the Board also serves as the CEO, or is not otherwise an independent Director, the Board may designate an independent Director to act as a Lead Independent Director. Currently, the Company has a separate Chair of the Board, Lead Independent Director, and CEO.

| Chair of the Board                                                                                                                                                                                                                                                                                                                             |     | Lead Independent Director                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     | Chief Executive Officer                                                                                                                                                                                                                                                                                                                                                    |
| George M. Marcus                                                                                                                                                                                                                                                                                                                               |     | Don C. Watters                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     | Hessam Nadji                                                                                                                                                                                                                                                                                                                                                               |
| The responsibilities of the Chair include, among other responsibilities:   ◾   Presiding over meetings of the Board   ◾   Presiding over meetings of stockholders   ◾   Preparing the agenda for each Board meeting   ◾   In conjunction with the Compensation Committee, evaluating the performance of the CEO and reviewing CEO compensation |     | The responsibilities of the Lead Independent Director include, among other responsibilities:   ◾   Consulting with the Chair as to an appropriate schedule of Board meetings and providing the Chair with input as to the preparation of meeting agendas   ◾   Consulting with the Chair as to the quality, quantity, and timeliness of the flow of information from Company management to the Board   ◾   Acting as principal liaison between the Chair and the independent Directors   ◾ �