0001193125-16-503669.txt : 20160314 0001193125-16-503669.hdr.sgml : 20160314 20160314171306 ACCESSION NUMBER: 0001193125-16-503669 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160310 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20160314 DATE AS OF CHANGE: 20160314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CBRE GROUP, INC. CENTRAL INDEX KEY: 0001138118 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 943391143 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32205 FILM NUMBER: 161504710 BUSINESS ADDRESS: STREET 1: 400 SOUTH HOPE STREET STREET 2: 25TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-613-3333 MAIL ADDRESS: STREET 1: 400 SOUTH HOPE STREET STREET 2: 25TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: CB RICHARD ELLIS GROUP INC DATE OF NAME CHANGE: 20040217 FORMER COMPANY: FORMER CONFORMED NAME: CBRE HOLDING INC DATE OF NAME CHANGE: 20010411 8-K 1 d149691d8k.htm 8-K 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): March 10, 2016

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.)

 

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.

(d)           On March 10, 2016, the Board of Directors of the Company (the “Board”) appointed Paula R. Reynolds to the Board, effective March 10, 2016, to serve until the Company’s 2016 annual meeting of stockholders. There is no arrangement or understanding between Ms. Reynolds and any other person pursuant to which our Board selected Ms. Reynolds as a director, and Ms. Reynolds has not participated in any “related-party transactions” with the Company as set forth in Item 404(a) of Regulation S-K. The Board has also determined that Ms. Reynolds is “independent” as defined under New York Stock Exchange and Securities and Exchange Commission rules and guidance as well as under the Board’s Corporate Governance Guidelines and its Categorical Independence Standards.

Ms. Reynolds will receive the Company’s standard compensation package for non-employee directors. We described this standard compensation package in our definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 1, 2015. She and the Company also entered into the Company’s standard form of Indemnification Agreement for members of its Board.

 

Item 7.01 Regulation FD Disclosure.

On March 14, 2016, the Company issued a press release announcing the appointment of Ms. Reynolds to the Board. We have attached a copy of that press release as Exhibit 99.1 hereto and incorporate it by reference herein.

The information contained in this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Financial Statements and Exhibits

(d) Exhibits

The exhibit listed below is being filed with this Current Report on Form 8-K:

 

Exhibit
No.

  

Description

99.1   

Press Release announcing the appointment of Paula R. Reynolds as a Director of the Company, dated March 14, 2016.


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: March 14, 2016

 

CBRE GROUP, INC.

 

By:

 

/s/ GIL BOROK

   

Gil Borok

   

Deputy Chief Financial Officer and Chief Accounting Officer

EX-99.1 2 d149691dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

 

PRESS RELEASE     Corporate Headquarters
   

400 South Hope Street

25th Floor

Los Angeles, CA 90071

www.cbre.com

FOR IMMEDIATE RELEASE

 

For further information:

Steve Iaco

Senior Managing Director

Investor Relations & Corporate Communications

212.984.6535

PAULA REYNOLDS APPOINTED TO CBRE GROUP, INC. BOARD OF DIRECTORS

Los Angeles, March 14, 2016 — CBRE Group, Inc. (NYSE:CBG) today announced that Paula R. Reynolds, an accomplished senior executive and highly experienced board member, has been appointed to its Board of Directors.

Ms. Reynolds served as Chief Executive Officer of Safeco Corporation, a Fortune 500 property and casualty insurance company, until its acquisition by Liberty Mutual Group in 2008. She then served as Chief Restructuring Officer at American International Group, overseeing the divestiture of assets and serving as chief liaison with the Federal Reserve Bank of New York. Earlier in her career, she served as Chairman & Chief Executive Officer at AGL Resources, a natural gas operator, and held a variety of other senior executive positions.

Ms. Reynolds has led her own business advisory firm, PreferWest, LLC, since 2009. She currently serves on the Boards of Directors of BP p.l.c., BAE Systems plc and TransCanada Corporation.

“Paula is a wonderful addition to our Board,” said Ray Wirta, CBRE’s Chairman of the Board. “We will benefit significantly from her extensive, far-reaching experience and proven strategic insight.”

“I am very pleased to join the CBRE Board,” Ms. Reynolds said. “The company is the leading firm in commercial real estate services and has a well-established strategy to strengthen its market position. I look forward to working with my fellow directors to help the company continue its success and further build shareholder value.”

In 2014, the National Association of Corporate Directors recognized Ms. Reynolds with a lifetime achievement award for exceptional contributions as a board member. She previously served on the Boards of Directors of Anadarko Petroleum Corporation, Delta Air Lines, Inc., Safeco Corporation, Coca-Cola Enterprises, Inc. and Air Products and Chemicals Inc.

Ms. Reynolds chairs the Board of Trustees at the Fred Hutchinson Cancer Research Center. She holds a B.A. degree from Wellesley College.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices


(excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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