8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 24, 2020

Redfin Corporation

(Exact name of registrant as specified in its charter)

Delaware		001-38160	74-3064240
(State or other jurisdiction of incorporation or organization)		(Commission File Number)	(I.R.S. Employer Identification No.)
1099 Stewart Street	Suite 600
Seattle	WA		98101
(Address of principal executive offices)			(Zip Code)

(206)	576-8333
Registrant's telephone number, including area code

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.001 par value per share	RDFN	The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On April 24, 2020, Robert Mylod, Jr., our current chairman, tendered his resignation as chairman effective July 1, 2020. Mr. Mylod will continue to serve as one of our directors and a member of our audit committee. Our board of directors accepted Mr. Mylod's resignation and appointed David Lissy to serve as chairman, effective July 1, 2020. Mr. Mylod resigned as our chairman solely as the result of his increasing professional commitments, notably his recent nomination as chairman of Booking Holdings.

Also on April 24, 2020, we issued a press release announcing Mr. Mylod's resignation and Mr. Lissy's appointment. A copy of the press release is furnished as Exhibit 99.1 to this report.

Item 8.01 Other Events.

The first paragraph included in Item 7.01 is incorporated into this Item 8.01 by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number	Description
99.1	Press release dated April 24, 2020
104	Cover page interactive data file, submitted using inline XBRL

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Redfin Corporation
	(Registrant)
Date: April 24, 2020	/s/ Chris Nielsen
	Chris Nielsen Chief Financial Officer

EX-99.1

Redfin Appoints David Lissy as Board Chairman

Robert Mylod to Remain as a Board Director

Seattle, April 24, 2020, PRNewswire: Redfin Corporation (NASDAQ: RDFN) today appointed David Lissy to become the chairman of its board of directors; Robert Mylod, who served as Redfin’s chairman from 2016 until now, will remain on Redfin’s board and the board’s audit committee. Mr. Lissy joined Redfin’s board in February 2018, after 16 years as Bright Horizons’ (NYSE: BFAM) CEO; he’s now Bright Horizons’ chairman. Mr. Lissy’s term as Redfin’s chairman starts on July 1, 2020.

“Dave’s experience running a mission-driven company with a large field organization already made him perfect for our board,” said Redfin CEO Glenn Kelman. “And now, because of Dave’s leadership as a Redfin board director on culture, field compensation and communications, management structure, financial discipline and many other topics, he’s a natural choice as our chairman. Dave has also developed a rapport with our execs, just as Bob did, which makes it easier for the board to talk openly with management about where we want to do better.”

“I’m excited to chair a company redefining real estate in consumers’ favor, and grateful for how far Bob Mylod has taken us already,” said Mr. Lissy. “Real estate is changing at a pace that seemed unimaginable even two months ago, as consumers embrace virtual meetings, virtual home tours, and virtual closings. The board’s job now is to make sure Redfin is prudent on the one hand about the challenges faced by almost every business these days, but aggressive on the other about taking our technology advantage to the bank.”

“I plan to be an active member of Redfin’s board for years to come,” said Mr. Mylod. “My nomination to become the chairperson of Booking Holdings, along with my existing chairperson role at Vroom, has made it hard for me to continue as Redfin’s chairman. But the relationship I have with Glenn, Chris and the whole Redfin executive team is deep, and I love Redfin’s mission and culture of service. I could not be more enthusiastic about serving under Dave Lissy’s leadership.”

“Bob has been a fantastic leader through times good and bad: a voice of reason, a financial hawk, a champion of our agents and other field staff, an advocate for consumers and low fees, a Johnny-on-the-spot in every crisis, all with an iron commitment to generating massive long-term profits,” Mr. Kelman said. “But we say this to praise him, not to bury him; we’re glad he’s staying on our board.”

About Redfin

Redfin (www.redfin.com) is a technology-powered residential real estate company. Founded by software engineers, we run the country's #1 most-visited brokerage website and offer a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 90 markets in the United States and Canada. Our mission is to redefine real estate in the consumer's favor. In a commission-driven industry, we put the customer first. We do this by pairing our own agents with our own technology to create a service that is faster, better, and costs less. Since our launch in 2006 through 2019, we have helped customers buy or sell more than 235,000 homes worth more than $115 billion.

Redfin-F

Investor Relations, Elena Perron, 206-576-8610, ir@redfin.com, or Public Relations, Mariam Sughayer, 206-876-1322, press@redfin.com

XML

Cover Page	Apr. 24, 2020
Cover page.
Document Type	8-K
Document Period End Date	Apr. 24, 2020
Entity Registrant Name	Redfin Corporation
Entity Incorporation, State or Country Code	DE
Entity File Number	001-38160
Entity Tax Identification Number	74-3064240
Entity Address, Address Line One	1099 Stewart Street
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98101
City Area Code	(206)
Local Phone Number	576-8333
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	RDFN
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0001382821
Amendment Flag	false