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): January 12, 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.

(d)           On January 12, 2016, the Board of Directors of the Company (the “Board”) appointed Christopher T. Jenny to the Board and the Board’s Corporate Governance and Nominating Committee, effective January 12, 2016, to serve until the Company’s 2016 annual meeting of stockholders. There is no arrangement or understanding between Mr. Jenny and any other person pursuant to which Mr. Jenny was selected as a director, and Mr. Jenny 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 Mr. Jenny 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.

Mr. Jenny 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. He and the Company also entered into the Company’s standard form of Indemnification Agreement for members of its Board, which we previously filed as Exhibit 10.1 to, and described in, the Company’s Current Report on Form 8-K filed on December 8, 2009.

 

Item 7.01 Regulation FD Disclosure.

On January 14, 2016, the Company issued a press release announcing the appointment of Mr. Jenny 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.

 

Item 9.01 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 Christopher T. Jenny as a Director of the Company, dated January 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: January 14, 2016    

CBRE GROUP, INC.

 

    By:  

/s/ GIL BOROK

      Gil Borok
      Deputy Chief Financial Officer and Chief Accounting Officer


Exhibit 99.1

 

LOGO

P R E S S   R E L E A S E   

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

CHRIS JENNY APPOINTED TO CBRE GROUP, INC. BOARD OF DIRECTORS

Los Angeles, January 14, 2016 -- CBRE Group, Inc. (NYSE:CBG) today announced that Christopher (Chris) Jenny has been appointed to its Board of Directors. Mr. Jenny is a Senior Advisor to Parthenon-EY, a leading management and strategy consulting firm.

Mr. Jenny has a long history of advising senior executives on corporate strategy and profit improvement programs. For more than two decades at Parthenon, he advised major corporations, leading private-equity firms and mid-market growth companies. He served as President and Senior Partner at Parthenon from 1995 to August 2014, when the firm merged with Ernst & Young. Earlier in his career, Mr. Jenny was a partner at Bain & Company and had 10 years of operating experience as Chief Executive Officer of portfolio companies for Bain Capital and The Noel Group.

“Chris brings deep and wide-ranging experience to our Board,” said Ray Wirta, CBRE’s Chairman of the Board. “We will benefit greatly from his operational expertise, strategic thinking and financial acumen, and look forward to his contributions.”

Mr. Jenny is one of 11 independent Directors on CBRE’s Board, and will serve on the Board’s Corporate Governance and Nominating Committee.

“CBRE is the leading company in its sector,” Mr. Jenny said. “I look forward to helping the company to build on its strength in the marketplace – and create additional shareholder value – by capitalizing on the depth, breadth and quality of its global services and executing its strategy.”

Mr. Jenny earned a bachelor’s degree from Dartmouth College and a master’s degree from Harvard Business School. He was appointed by President George W. Bush to serve on the President’s Export Council, the nation’s premier advisory committee on international trade.

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 2014 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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