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CBRE GROUP, INC. 8-K Report, Executive Changes (Sep 15, 2009)

Reports
Leadership Changes
Filing Date
Filed September 15, 2009
Period End
September 9, 2009
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 September 15, 2009. Cited figures are marked; the original filing is the authoritative source.

This Form 8-K filing by CB Richard Ellis Group, Inc. (CBRE) on September 15, 2009, primarily details a compensation adjustment for a key executive.

Specifically, it reports an increase in the 2009 base annual salary for Gil Borok, Executive Vice President, Chief Accounting Officer, and Chief Financial Officer—Americas. The adjustment, effective April 1, 2009, raised Mr. Borok's base salary to $450,000a.

However, this increase was subject to the same company-wide salary reduction implemented for other executives during 2009, resulting in an effective salary of $418,000b for the year. This filing provides transparency regarding executive compensation within the company.

02—Key points

Key Highlights

  1. Filing Date: September 15, 2009
  2. Event Date: September 9, 2009
  3. Company: CB Richard Ellis Group, Inc. (CBRE)
  4. Item Reported: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
  5. Key Executive Involved: Gil Borok, EVP, Chief Accounting Officer, CFO—Americas
  6. Salary Adjustment: Base annual salary for Mr. Borok increased to $450,000 for 2009, effective April 1, 2009.
  7. Net Salary Impact: The increase was reduced due to a company-wide executive salary reduction, resulting in an effective salary of $418,000.

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 an adjustment to the 2009 base annual salary of Gil Borok, a key executive at CB Richard Ellis Group, Inc.

  2. Was the executive's salary truly increased to $450,000?

    While the approved base salary was $450,000, it was subject to a company-wide executive salary reduction implemented in 2009. Therefore, the effective base salary for Mr. Borok in 2009 was $418,000.

  3. What is the effective date of this salary change?

    The increase in base annual salary was effective as of April 1, 2009.

  4. Does this filing indicate any other significant corporate events?

    No, this specific 8-K filing is narrowly focused on the compensation arrangement for Gil Borok and does not report other significant corporate events.

04—Continue

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