Summary of REALPAGE INC - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 27, 2012, the Board of Directors (the "Board") of RealPage, Inc. (the "Company") appointed Charles F. Kane as a member of the Board, effective immediately, and designated Mr. Kane as a Class I director to stand for election at the Company's 2014 annual meeting of stockholders. The Board also appointed Mr. Kane to serve as an additional member of each of the Board's Nominating and Governance Committee, Audit Committee and Compensation Committee.

The Board determined that Mr. Kane qualifies as an independent director under the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission ("SEC") and the applicable listing standards of the Nasdaq Stock Market ("Nasdaq Rules") and satisfies the financial literacy and other requirements for audit committee members under the rules and regulations of the SEC and applicable Nasdaq Rules. The Board also determined that Mr. Kane is an "audit committee financial expert" as such term is defined by the rules and regulations of the SEC, an "outside director" under the requirements of Section 162(m) of the Internal Revenue Code of 1986 and a "non-employee director" as such term is defined by the rules and regulations of the SEC.

Mr. Kane participates in the Company's Independent Director Compensation Plan. The description of this plan is set forth under the caption "Director Compensation" in the Company's Form 8-K filed on February 24, 2011, and is incorporated into this Item 5.02 by reference. Pursuant to the plan, Mr. Kane is eligible to receive the annual equity grant on April 1st of each year and the Board member retainer and Audit Committee member retainer effective as of the date of his appointment.

On June 27, 2012, the Company issued a press release relating to the matters set forth above in this Item 5.02. A copy of the press release is filed herewith as Exhibit 99.1.