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CBRE GROUP, INC. 8-K Report, Material Agreement (Jun 29, 2005)

Reports
Material Agreements
Filing Date
Filed June 29, 2005
Period End
June 28, 2005
Security
CBRE
In the record · 2016–202610-K1110-Q328-K149

CBRE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 149 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed June 29, 2005. Cited figures are marked; the original filing is the authoritative source.

CB Richard Ellis Group, Inc. (CBRE) filed an 8-K on June 29, 2005, to report a material event.

The primary disclosure concerns an increase in the target cash incentive compensation for its Chief Financial Officer, Kenneth J. Kay. The Compensation Committee of the Board of Directors approved this increase, raising Mr. Kay's target from $400,000 to $500,000a.

This adjustment was made following a compensation survey conducted by an independent consultant. It's important for investors to note that this enhanced incentive compensation is not guaranteed and remains contingent upon the Company's financial performance and the achievement of operational objectives as defined by the Executive Bonus Plan. The filing focuses solely on this executive compensation matter.

02—Key points

Key Highlights

  1. CB Richard Ellis Group, Inc. (CBRE) reported an increase in CFO Kenneth J. Kay's target cash incentive compensation.
  2. The target compensation for Mr. Kay was raised from $400,000 to $500,000.
  3. The Compensation Committee of the Board of Directors approved the increase.
  4. The decision was informed by a compensation survey conducted by an independent consultant.
  5. The cash incentive compensation is variable and not guaranteed.
  6. Compensation is based on the Company's financial performance and operational objectives under the Executive Bonus Plan.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    The main purpose of this 8-K filing is to report a material definitive agreement, specifically the increase in the target cash incentive compensation for CBRE's Chief Financial Officer, Kenneth J. Kay.

  2. How much was the CFO's target cash incentive compensation increased?

    The target cash incentive compensation for Kenneth J. Kay was increased from $400,000 to $500,000.

  3. Is the increased compensation guaranteed for the CFO?

    No, the increased cash incentive compensation is not guaranteed. It is performance-based and contingent upon the Company's financial performance and the achievement of operational objectives outlined in the Executive Bonus Plan.

  4. Who approved this change in compensation?

    The Compensation Committee of CB Richard Ellis Group, Inc.'s Board of Directors approved the increase in the CFO's target cash incentive compensation.

04—Continue

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