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CBRE GROUP, INC. 8-K Report, Corporate Update (Nov 29, 2007)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed November 29, 2007
Period End
November 28, 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 November 29, 2007. Cited figures are marked; the original filing is the authoritative source.

CB Richard Ellis Group, Inc. (CBRE) announced on November 28, 2007, a significant expansion of its share repurchase program.

The Board of Directors has approved an increase in the total authorization to repurchase outstanding common stock to $635 milliona, which includes the previously authorized $500 million. This updated program provides the company with substantial flexibility to return capital to shareholders. The repurchase of shares can be executed through various methods, including open market transactions, negotiated deals, or a pre-arranged trading plan under Rule 10b5-1.

The company's management will have discretion over the timing and execution of these repurchases. This move signals management's confidence in the company's financial health and its commitment to enhancing shareholder value.

02—Key points

Key Highlights

  1. CBRE's Board of Directors approved an expanded share repurchase program.
  2. The total authorization for common stock repurchases increased to $635 million.
  3. This new authorization includes the previously approved $500 million.
  4. Repurchases can occur through open market or negotiated transactions.
  5. The program also permits repurchases via a Rule 10b5-1 trading plan.
  6. Management retains discretion over the timing and execution of share repurchases.
  7. The company aims to return capital to shareholders and enhance shareholder value.

03—Questions

Frequently Asked Questions

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

    This 8-K filing is primarily to announce that CB Richard Ellis Group, Inc. has expanded its previously approved share repurchase program, increasing the total authorized amount for repurchasing its common stock.

  2. How much more can CBRE repurchase with this new authorization?

    The total authorization has been increased to $635 million. This includes the $500 million previously authorized, meaning an additional $135 million is available for repurchases beyond the original plan.

  3. What are the methods CBRE can use to repurchase its stock?

    CBRE can repurchase its shares through open market transactions, negotiated transactions, or a written trading plan established under Rule 10b5-1 of the Securities Act of 1934.

  4. Does this mean CBRE will repurchase shares immediately?

    Not necessarily. The filing states that the authorization will be utilized at management's discretion, meaning they will decide the timing and extent of the repurchases based on market conditions and the company's financial strategy.

04—Continue

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