CBRE GROUP, INC.

Regulatory Filings • Mar 9, 2017

8-K 1 d283624d8k.htm FORM 8-K Form 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 3, 2017

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, 25 th 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 2017

On March 3, 2017, the Compensation Committee of our Board of Directors established base salaries, annual performance award targets and long-term equity incentive award targets for 2017 for our named executive officers (listed below) whose compensation was disclosed in the Proxy Statement for our 2016 Annual Meeting of Stockholders.

Name	Base Salary	Annual Performance Award Target	Long-Term Equity Incentive Award Target
Robert E. Sulentic President and Chief Executive Officer	$ 990,000	$ 1,980,000	$ 5,630,000	(1)
James R. Groch Chief Financial Officer and Global Director of Corporate Development	$ 770,000	$ 1,155,000	$ 3,000,000
Michael J. Lafitte Global Group President, Lines of Business and Client Care	$ 700,000	$ 1,050,000	$ 2,320,000
Calvin W. Frese, Jr. Global Group President, Geographies	$ 700,000	$ 1,050,000	$ 2,320,000
William F. Concannon Chief Executive Officer—Global Workplace Solutions	$ 700,000	$ 1,000,000	$ 2,170,000

(1) After his 2017 target long-term equity incentive award had been established by our Board of Directors, Mr. Sulentic requested, and our Board agreed, that $500,000 of such amount be redirected and matched 1.5 times by the company to fund additional discretionary cash bonuses of up to $1,250,000 for the company’s Section 16 officers (other than Mr. Sulentic) for outstanding performance in building the company in 2017. These bonuses will be proposed in early 2018 by Mr. Sulentic and awarded in the discretion of the Compensation Committee of the company’s Board of Directors. Therefore, Mr. Sulentic’s actual long-term equity incentive award for 2017 will be $5,130,000.

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 9, 2017
By:	/s/ GIL BOROK
	Gil Borok
	Deputy Chief Financial Officer and Chief Accounting Officer

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