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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): May 17, 2023

 

 

CBRE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-32205   94-3391143

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

2100 McKinney Avenue    
Suite 1250    
Dallas, Texas     75201
(Address of Principal Executive Offices)     (Zip Code)

(214) 979-6100

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)

 

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(s)

 

Name of each exchange
on which registered

Class A Common Stock, $0.01 par value per share   CBRE   New York Stock Exchange

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 5.07

Submission of Matters to a Vote of Security Holders.

 

(a)

The Company held its annual meeting of stockholders (the “Annual Meeting”) on May 17, 2023.

 

(b)

The voting results from the Annual Meeting were as follows:

 

  1.

Each of the following 11 directors was elected to our Board of Directors, to serve until the next annual meeting of stockholders in 2024 or until their respective successors are elected and qualified. Each director received the number of votes set forth below. For each director, there were 8,090,976 broker non-votes.

 

Name    For      Against      Abstain  

Brandon B. Boze

     275,330,701        2,603,919        363,495  

Beth F. Cobert

     271,210,316        6,727,493        360,306  

Reginald H. Gilyard

     263,300,315        14,625,525        372,275  

Shira D. Goodman

     275,439,441        2,490,501        368,173  

E.M. Blake Hutcheson

     274,442,845        3,493,455        361,815  

Christopher T. Jenny

     256,416,595        21,502,253        379,267  

Gerardo I. Lopez

     268,179,414        9,741,424        377,277  

Susan Meaney

     270,561,779        7,367,037        369,299  

Oscar Munoz

     269,711,106        8,218,465        368,544  

Robert E. Sulentic

     277,127,067        810,119        360,929  

Sanjiv Yajnik

     275,448,567        2,471,419        378,129  

 

  2.

The ratification of the appointment of KPMG LLP as our independent registered public accounting firm for 2023 was approved by a vote of 281,103,496 shares in favor, 4,978,353 shares against and 307,242 shares abstaining. There were no broker non-votes on this proposal.

 

  3.

The advisory approval of named executive officer compensation for the fiscal year ended December 31, 2022 was approved by a vote of 259,076,463 shares in favor, 18,919,648 shares against and 302,004 shares abstaining. There were 8,090,976 broker non-votes on this proposal.

 

  4.

The advisory vote on the frequency of future advisory votes on the Company’s named executive compensation was held and the frequency that received the most votes was 1 year. The results of the vote were as follows: 274,446,895 shares in favor of 1 year, 15,006 shares in favor of 2 years, 3,751,022 shares in favor of 3 years and 85,192 shares abstaining. There were 8,090,976 broker non-votes on this proposal. In light of the voting results with respect to the frequency of stockholder votes on executive compensation, our Board of Directors has decided that the Company will hold an annual advisory vote on the compensation of named executive officers.

 

  5.

The stockholder proposal regarding executive stock ownership retention was not approved. This stockholder proposal received a vote of 72,657,122 shares in favor, 205,241,403 shares against and 399,590 shares abstaining. There were 8,090,976 broker non-votes on this proposal.


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: May 22, 2023   CBRE GROUP, INC.
    By:  

/s/ EMMA E. GIAMARTINO

      Emma E. Giamartino
      Chief Financial Officer