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CBRE GROUP, INC. 8-K Report, Agreement Terminated (Feb 8, 2007)

Reports
Leadership Changes·Material Agreements
Filing Date
Filed February 8, 2007
Period End
February 2, 2007
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 February 8, 2007. Cited figures are marked; the original filing is the authoritative source.

CB Richard Ellis Group, Inc. (CBRE) filed this Form 8-K on February 8, 2007, reporting key events that occurred around February 1-2, 2007.

The filing primarily addresses executive compensation and a minor employment agreement termination. Notably, the Compensation Committee approved cash bonuses for executive officers based on company performance and individual objectives for the fiscal year 2006. Additionally, a significant $1.5 milliona cash bonus was approved for Robert E.

Sulentic, who joined CBRE following the acquisition of Trammell Crow Company. This bonus for Mr. Sulentic was determined by the former Trammell Crow Compensation Committee based on his performance as CEO of Trammell Crow and targets set in 2006, as per the merger agreement.

02—Key points

Key Highlights

  1. CBRE's Compensation Committee approved 2006 cash bonuses for executive officers based on performance metrics.
  2. Robert E. Sulentic received a $1.5 million cash bonus following the acquisition of Trammell Crow.
  3. Mr. Sulentic's bonus was determined by the former Trammell Crow Compensation Committee in accordance with the merger agreement.
  4. The bonus for Mr. Sulentic was based on 2006 performance criteria established while he was CEO of Trammell Crow.
  5. A mutual termination agreement was entered into with Robert Blain, President of Asia-Pacific Operations, effective February 2, 2007.
  6. The termination agreement with Mr. Blain did not alter his employment status, position, or compensation with the Company.
  7. Further compensation details for named executive officers for fiscal year 2006 will be disclosed in the 2007 proxy statement.

03—Questions

Frequently Asked Questions

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

    This Form 8-K filing by CB Richard Ellis Group, Inc. (CBRE) primarily serves to report the approval of cash bonuses for its executive officers for the fiscal year 2006, based on company and individual performance. It also notes a mutual termination agreement with an executive and details a specific large bonus paid to a newly acquired executive.

  2. Why was Robert E. Sulentic awarded a $1.5 million bonus?

    Robert E. Sulentic was awarded a $1.5 million cash bonus due to his role in the acquisition of Trammell Crow Company and his performance as the chief executive officer of Trammell Crow in 2006. This bonus was determined by the former Trammell Crow Compensation Committee as per the merger agreement, based on previously established targets and performance criteria.

  3. Did Robert Blain's employment termination have any significant impact?

    According to the filing, a mutual termination agreement was reached with Robert Blain, President of Asia-Pacific Operations. However, this agreement did not alter his employment status, current position, or compensation with CBRE. Therefore, it appears to have had no immediate material impact on his role within the company.

  4. Where can investors find more detailed information on executive compensation?

    The filing states that CBRE intends to provide additional information regarding the compensation awarded to its named executive officers for the year ended December 31, 2006, in the proxy statement for the Company's 2007 annual meeting.

04—Continue

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