Company: MMI
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001193125-25-057887
Chunk: 15

Company: Marcus & Millichap, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 15
---
 |

| ◾ |     | Mr. McClanahan received a B.B.A. in finance from Florida Atlantic University and is a graduate of the Securities Industry Institute executive education program at The Wharton School at the University of Pennsylvania. |

Marcus & Millichap, Inc. | 2025 Proxy Statement | Page 16

Corporate Governance Governance Highlights The Board is committed to governance practices that promote long-term stockholder value and strengthen Board and management accountability to our stockholders, clients, and other stakeholders. The following table highlights many of our key governance practices.

| ◾ |     | Six of our eight Directors are independent |

| ◾ |     | We have a Lead Independent Director |

| ◾ |     | Separate CEO and Board Chair positions |

| ◾ |     | Independent standing board committees |

| ◾ |     | Regular meetings of our independent Directors without management present |

| ◾ |     | Average Board tenure of nine years since initial public offering (as of the end of 2024) |

| ◾ |     | Annual Board and committee self-assessment process |

| ◾ |     | Strong focus on pay-for-performance |

| ◾ |     | Stock ownership guidelines for executive officers and Directors |

| ◾ |     | Policies prohibiting hedging, short selling, and pledging of our common stock |

| ◾ |     | Compensation recovery policy on executive compensation |

| ◾ |     | Review of cybersecurity, social issues, diversity, environmental sustainability, and public policy at the Board and Committee level |

Board Responsibilities and Structure Our Board oversees, counsels, and directs management in the long-term interests of the Company and our stockholders. Among other things, the Board’s responsibilities include:

| ◾ |     | selecting the CEO and other executive officers; |

| ◾ |     | overseeing the risks that the Company faces; |

| ◾ |     | reviewing and approving our major financial objectives, strategic and operating plans, and other significant actions; |

| ◾ |     | overseeing the conduct of our business and the assessment of our business and other enterprise risks to evaluate whether the business is being properly managed; and |

| ◾ |     | overseeing the processes for maintaining our integrity regarding our financial statements and other public disclosures, and compliance with law and ethics. |

Board Classes The Board is divided into three classes. Any Director appointed to fill a vacancy on the Board in a given year will stand for election at the Company’s annual meeting of stockholders in respect of the class