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): 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

        

 

 

 

 

2


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

 

3