Marcus & Millichap, Inc. Announces Shelf Registration Statement Filing for Selling Stockholders

CALABASAS, Calif.--(BUSINESS WIRE)-- Marcus & Millichap, Inc. (the “Company”, “Marcus & Millichap”) (NYSE:MMI) today announced that it has filed a selling stockholder shelf registration statement with the U.S. Securities and Exchange Commission (the “SEC”) registering 4,600,000 shares of the Company’s common stock. The registration statement will allow certain selling stockholders to sell registered securities in one or more public offerings.

Any offering would consist entirely of secondary shares to be sold by Phoenix Investment Holdings, Inc. (“Phoenix”) and George M. Marcus, the Company’s Co-Chairman, or any transferees, pledgees or successors in interest of such selling stockholders. The Company would not receive any proceeds from the sale of common stock by the selling stockholders. Assuming the sale of all the shares, Phoenix would still own approximately 56% of the Company’s outstanding common stock.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. In the event selling stockholders make an offering in the future, the terms would be established at the time of offering and described in a prospectus supplement filed with the SEC.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Marcus & Millichap, Inc.

Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services. As of December 31, 2014, the Company has nearly 1,500 investment sales and financial professionals in 78 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate.

Forward-Looking Statements

This press release contains forward-looking statements relating to potential sales of common stock by certain stockholders. These forward-looking statements involve risks and uncertainties, including if and when the stockholders may ultimately sell shares.

Investor Relations:
ICR, Inc.
Stephen Swett, 203-682-8377
Stephen.Swett@icrinc.com

Source: Marcus & Millichap, Inc.

Released February 6, 2015