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): February 10, 2016
CBRE GROUP, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-32205 | 94-3391143 | ||
| (State or other | (Commission File Number) | (IRS Employer | ||
| jurisdiction of incorporation) | Identification No.) |
| 400 South Hope Street, 25th Floor Los Angeles, California |
90071 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(213) 613-3333
Registrant’s Telephone Number, Including Area Code
Not Applicable
(Former Name or Former Address, 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:
| ¨ | 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(b)) |
| ¨ | 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)) |
This Current Report on Form 8-K is filed by CBRE Group, Inc., a Delaware corporation (which we may refer to as “we,” “us,” “our” or the “Company”), in connection with the matters described herein.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e)
Compensation for Named Executive Officers for 2016
On February 10, 2016, the Compensation Committee of our Board of Directors established base salaries, annual performance award targets and long-term equity incentive award targets for 2016 for our named executive officers (listed below) whose compensation was disclosed in the Proxy Statement for our 2015 Annual Meeting of Stockholders. These are the same salaries and targets as were in effect for these named executive officers for 2015.
| Name |
Base Salary |
Annual Performance Award Target |
Long-Term Equity Incentive Award Target |
|||||||||
| Robert E. Sulentic |
$ | 990,000 | $ | 1,485,000 | $ | 4,125,000 | ||||||
| President and Chief Executive Officer |
||||||||||||
| James R. Groch |
$ | 770,000 | $ | 1,155,000 | $ | 3,000,000 | ||||||
| Chief Financial Officer and Global Director of Corporate Development |
||||||||||||
| Michael J. Lafitte |
$ | 700,000 | $ | 1,050,000 | $ | 2,320,000 | ||||||
| Chief Operating Officer |
||||||||||||
| Calvin W. Frese, Jr. |
$ | 680,000 | $ | 1,020,000 | $ | 2,250,000 | ||||||
| Chief Executive Officer—Americas |
||||||||||||
| Gil Borok |
$ | 550,000 | $ | 485,000 | $ | 460,000 | ||||||
| Deputy Chief Financial Officer and Chief Accounting Officer |
||||||||||||
| Robert Blain |
$ | 560,000 | $ | 840,000 | $ | 1,200,000 | ||||||
| Executive Chairman—Asia Pacific |
||||||||||||
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Signature
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.
| Date: February 17, 2016 | CBRE GROUP, INC.
| |||||
| By: | /s/ GIL BOROK | |||||
| Gil Borok | ||||||
| Deputy Chief Financial Officer and Chief Accounting Officer | ||||||
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