Newmark Group, Inc. filed a current report on August 7, 2026, disclosing that Chief Executive Officer Barry M. Gosin will step down from the CEO role on December 31, 2026, and will continue as Chairman of the company's operating entity under a new employment agreement.

Key Highlights

  • CEO departure date: Barry M. Gosin will step down as Chief Executive Officer of Newmark Group, Inc. on December 31, 2026.
  • Continued role: Gosin will remain Chairman of Newmark & Company Real Estate, Inc. through at least December 31, 2027, with his term of employment extended through December 31, 2029.
  • New compensation: For 2027 through 2029, Gosin will receive $5,000,000 in aggregate annual compensation, comprised of a $1,000,000 base salary and a $4,000,000 cash bonus.
  • Successor search: According to the filing, the Board "expects to identify a new Chief Executive Officer by year end."
  • Non-Compete Payments eliminated: The filing states that Gosin's post-employment Non-Compete Payments will no longer be payable to him under the new agreement.
  • Modified permitted activities: The 2026 agreement allows Gosin to invest alongside outside investors via a fund and to invest in institutional real estate funds, subject to specified restrictions.

Gosin Employment Agreement Amended and Restated as CEO Transition Is Announced

Newmark Group, Inc. (NASDAQ: NMRK) announced on August 7, 2026, that Barry M. Gosin signed a Third Amended and Restated Employment Agreement (the "2026 Gosin Agreement") on August 6, 2026, with Newmark Partners, L.P. and Newmark Holdings, L.P. The agreement amends and restates in its entirety the Second Amended and Restated Employment Agreement dated August 7, 2024. According to the filing, the 2026 Gosin Agreement was approved by both the Board of Directors and the Compensation Committee.

Under the terms disclosed, Gosin's employment term is extended through December 31, 2029, unless terminated earlier. He will serve as CEO through December 31, 2026, after which he will serve as Chairman of Newmark & Co. through at least December 31, 2027. The filing notes that the Board retains discretion to remove any titles or operational roles from Gosin on and following January 1, 2027, and may terminate the agreement prior to December 31, 2029 for cause, or due to death or disability. The Board may also convert his role to a non-employee consulting arrangement at an annualized rate of $5,000,000 on substantially similar terms.

The filing also describes modifications to the Permitted Activities provisions. Gosin is now permitted to invest alongside outside investors via a fund raised by him alone or with others, excluding anyone employed or retained by the company or its affiliates without Board consent. He may also invest in institutional real estate funds, except where he knew or should have known the fund is owned, controlled, or managed by the company's brokerage competitors. The prior requirement to offer the company up to a 50% partnership interest in such investments has been replaced with a requirement to offer the company the opportunity to service associated properties.

What Was Disclosed

Newmark Group reported the planned departure of CEO Barry M. Gosin effective December 31, 2026, the execution of a new employment agreement extending his engagement through 2029 in a non-CEO capacity, and revised compensation and permitted activity terms under that agreement.