UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM  i 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):  i March 3, 2021

 

 i CBRE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

i Delaware		i 001-32205		i 94-3391143
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

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

( i 214)  i 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:

 

i ☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

i ☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

i ☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

i ☐	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
i Class A Common Stock, $0.01 par value per share		“ i CBRE”		i 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   i ☐

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 1.01

Entry into a Material Definitive Agreement.

On March 3, 2021, the Company’s Board of Directors approved amendments to the Company’s Executive Bonus Plan (the “Amended EBP”) with respect to the methodology for calculating bonus awards following a performance year. Pursuant to the Amended EBP, at the beginning of each plan year starting in 2021, the Compensation Committee of the Board will determine the portion of an executive’s target award that will be earned based on financial performance measures (the “Financial Performance Portion”) and portion that will be earned based on strategic performance measures (the “Strategic Performance Portion”), with separate adjustment factors to be applied to each of the Financial Performance Portion and Strategic Performance Portion, and which when added together, determine an executive’s overall annual bonus award.

The description of the Amended EBP above is a summary and is qualified in its entirety by the Amended EBP, filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.		Description
10.1+		Executive Bonus Plan
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

+	Denotes a management contract or compensatory arrangement

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 8, 2021				CBRE GROUP, INC.
				By:		/s/ LEAH C. STEARNS
						Leah C. Stearns
						Chief Financial Officer