UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
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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:
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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. ☐
This Current Report on Form 8-K is filed by CBRE Group, Inc., a Delaware corporation (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. |
On April 21, 2020, the Company and James R. Groch, who is currently serving as the Company’s Global Group President and Chief Investment Officer, mutually agreed that Mr. Groch would transition from the Company on June 30, 2020. Mr. Groch will receive payments and benefits afforded to senior executives under the Company’s Change in Control and Severance Plan for Senior Management (the “Plan”), and will remain eligible to receive a pro rata portion of the one-time Strategic Equity Awards granted to Mr. Groch (along with other senior executives of the Company) in 2017. Mr. Groch will be subject to certain non-competition and non-solicitation obligations through June 30, 2021.
See the sections entitled “Compensation Discussion and Analysis” and “Executive Compensation” in the Company’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 1, 2020 for descriptions of the Plan and the Company’s Strategic Equity Awards, which descriptions are incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
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Description | |||
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 27, 2020 |
CBRE GROUP, INC. | |||||
By: |
/s/ DARA A. BAZZANO | |||||
Dara A. Bazzano | ||||||
Senior Vice President, Global Finance and Chief Accounting Officer |