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Jones Lang Lasalle Inc – ‘8-K’ for 3/3/21

On:  Wednesday, 3/3/21, at 7:56pm ET   ·   As of:  3/4/21   ·   For:  3/3/21   ·   Accession #:  1037976-21-14   ·   File #:  1-13145

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/04/21  Jones Lang Lasalle Inc            8-K:5,9     3/03/21   13:2.4M

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     30K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     25K 
 9: R1          Document and Entity Information Document            HTML     46K 
11: XML         IDEA XML File -- Filing Summary                      XML     13K 
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10: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.CAL  XBRL Calculations -- jll-20210303_cal                XML      7K 
 5: EX-101.DEF  XBRL Definitions -- jll-20210303_def                 XML     38K 
 6: EX-101.LAB  XBRL Labels -- jll-20210303_lab                      XML     78K 
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12: JSON        XBRL Instance as JSON Data -- MetaLinks               13±    20K 
13: ZIP         XBRL Zipped Folder -- 0001037976-21-000014-xbrl      Zip     60K 

‘8-K’   —   Current Report

This is an HTML Document rendered as filed.  [ Alternative Formats ]

 iX:   C:  C: 
 i 0001037976 i false i MD00010379762021-03-032021-03-03

United States
Securities and Exchange Commission
Washington, D.C. 20549
Form  i 8-K
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 Jones Lang LaSalle Incorporated
(Exact name of registrant as specified in its charter)
 i Maryland i 001-13145 i 36-4150422
(State or other jurisdiction(Commission File Number)(I.R.S. Employer
 of incorporation or organization)Identification No.)
 i 200 East Randolph Drive, i Chicago, i IL  i 60601
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: i (312) i 782-5800
Former name or former address, if changed since last report: Not Applicable

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 (see General Instruction A.2. below):
 i Written communications pursuant to Rule 425 under 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 classTrading SymbolName of each exchange on which registered
 i Common Stock, par value $0.01 i JLL i The 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.

Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 3, 2021, Jones Lang LaSalle Incorporated (the “Company”) announced that the Company’s Global Executive Board (“GEB”) members, including its Chief Executive Officer and President, Christian Ulbrich, Chief Financial Officer, Karen Brennan, Chief Human Resources Officer, Mary Bilbrey, Chief Executive Officer of Markets, Greg O’Brien, Chief Executive Officer of Corporate Solutions, Neil Murray, Chief Executive Officer of Capital Markets, Richard Bloxam, and Co-Chief Executive Officers of JLL Technologies, Mihir Shah and Yishai Lerner, were issued Form Change in Control Agreements, which provides for the payment of certain benefits to GEB members upon the occurrence of a Change in Control (as defined by the CiC Agreement).
Change in Control Agreement Provisions
The CiC Agreement provides for payment of severance and other benefits to members of the GEB if their employment is terminated either without Cause or for Good Reason (as defined in the CiC Agreement) during the 24-months following a Change in Control (the “Change in Control Period”), subject to the GEB member's execution and non-revocation of a general release of claims in favor of the Company.
In the event of termination for Good Reason or an involuntary termination without Cause, in addition to certain accrued obligations, the CiC Agreement provides for the following payments and benefits to a GEB member:
a lump-sum payment of their annual base pay times the multiplier applicable to such executive (which is 3.0 for Mr. Ulbrich and 1.5 for all other GEB members);
a lump-sum payment equivalent to their annual target bonus for the year of termination times the multiplier applicable to such executive (which is 3.0 for Mr. Ulbrich and 1.5 for all other GEB members);
if terminated within the Change in Control Period, a lump-sum payment of their pro rata bonus, at target, calculated from the January 1 through their last day of employment with the Company in a Plan Year; and
accelerated vesting of all outstanding stock-based awards issued under the Company's applicable stock award incentive plan.
The foregoing description of the CiC Agreement is qualified in its entirety by the full text of the CiC Agreement, a copy of which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Form Change in Control Agreement for Global Executive Board

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.    
Jones Lang LaSalle Incorporated
By: /s/ Alan K. Tse
Name: Alan K. Tse
Title: Chief Legal Officer

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed as of:3/4/21None on these Dates
Filed on / For Period end:3/3/21
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