CBRE Group, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CBRE Group, Inc. on February 10, 2016. The report addresses Item 5.02 regarding the establishment of compensatory arrangements for Named Executive Officers (NEOs) for the 2016 fiscal year.
Key Financial Metrics
The filing does not provide company-wide financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed pertains to executive compensation targets for 2016.
| Executive Officer | Title | Base Salary | Annual Performance Award Target | Long-Term Equity Incentive Target |
|---|---|---|---|---|
| Robert E. Sulentic | President and CEO | $990,000 | $1,485,000 | $4,125,000 |
| James R. Groch | CFO and Global Director of Corporate Development | $770,000 | $1,155,000 | $3,000,000 |
| Michael J. Lafitte | Chief Operating Officer | $700,000 | $1,050,000 | $2,320,000 |
| Calvin W. Frese, Jr. | CEO—Americas | $680,000 | $1,020,000 | $2,250,000 |
| Gil Borok | Deputy CFO and Chief Accounting Officer | $550,000 | $485,000 | $460,000 |
| Robert Blain | Executive Chairman—Asia Pacific | $560,000 | $840,000 | $1,200,000 |
Material Changes Versus Prior Period
The Compensation Committee established 2016 compensation targets that are identical to those in effect for 2015. There were no changes to base salaries or award targets for the listed executives compared to the prior year.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on business performance, risks, contingencies, or unusual items. The document is strictly limited to the disclosure of executive compensation arrangements.
Key Facts for Investor Verification
- 2016 executive compensation targets remain unchanged from 2015 levels.
- Total potential compensation (Base + Annual Target + Equity Target) for the CEO is $6,600,000.
- The filing does not disclose any operational or financial performance data for the company.
- Compensation details were approved by the Compensation Committee of the Board of Directors on February 10, 2016.