Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 31

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 its sole and absolute discretion, elect to withdraw at any time a portion of the trust assets by an amount by which the fair market value of the trust assets exceeds 110% of the aggregate deferred compensation liability represented by the participants’ accounts. Estimated payouts within the next twelve months for participants that have separated from service or elected an in-service payout have been classified as current. During the six months ended June 30, 2025 and 2024, the Company made total payments to participants of $230,000 and $121,000 respectively.The assets held in the rabbi trust are carried at the cash surrender value of the variable life insurance policies, which represents its fair value. The net change in the carrying value of the assets held in the rabbi trust and the net change in the carrying value of the deferred compensation liability, each exclusive of additional contributions, distributions and trust expenses, consisted of the following (in thousands): Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Increase in the carrying value of the assets held in the rabbi trust (1)$794 $280 $631 $969 Increase in the net carrying value of the deferred compensation obligation (2)$(777)$(161)$(545)$(736)(1)Recorded in other income, net in the condensed consolidated statements of operations. (2)Recorded in selling, general and administrative expense in the condensed consolidated statements of operations.

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Table of ContentsMARCUS & MILLICHAP, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 

Other Liabilities Other liabilities consisted of the following (in thousands): CurrentNon-CurrentJune 30,2025December 31,2024June 30,2025December 31,2024Deferred consideration$— $411 $— $— Contingent consideration597 4,614 223 117 Dividends payable939 942 1,215 1,559 Loan guarantee obligation1,739 1,426 5,791 5,238 Other822 683 81 93 $4,097 $8,076 $7,310 $7,007 

6.    Related-Party Transactions 

Shared and Transition Services Certain services are provided to the Company under a Transition Services Agreement (“TSA”) between MMC and the Company. The TSA is intended to provide certain services until the Company ac