01—Abstract
Summary
Summary of the 8-K filed September 12, 2022. Cited figures are marked; the original filing is the authoritative source.
CBRE GROUP, INC. (CBRE) announced a key executive change in its finance department via an 8-K filing on September 12, 2022.
The company appointed Lindsey Caplan as its new Chief Accounting Officer, effective immediately. Mr. Caplan's extensive internal experience, including his recent role as Global Chief Financial Officer of the Real Estate Investments segment, positions him well for this new responsibility. This appointment is accompanied by a defined compensation package, including a base salary of $460,000,a an annual target bonus of $460,000, and eligibility for annual equity awards starting in 2023 valued at $430,000.
He will also receive a one-time cash promotion award of $100,000b. The filing also notes the transition of Madeleine Barber, the outgoing Chief Accounting Officer, who will remain with the company in a transitional capacity until December 31, 2022.
02—Key points
Key Highlights
- Lindsey Caplan appointed as Chief Accounting Officer, effective September 12, 2022.
- Mr. Caplan possesses significant internal experience within CBRE, having held various finance leadership roles.
- New Chief Accounting Officer to receive an annual base salary of $460,000.
- Eligible for an annual target bonus of $460,000.
- Will receive annual equity awards with a target grant date value of $430,000 starting in 2023.
- Receives a one-time cash promotion award of $100,000.
- Outgoing Chief Accounting Officer, Madeleine Barber, to stay through December 31, 2022, for transition.
03—Questions
Frequently Asked Questions
Who has been appointed as the new Chief Accounting Officer at CBRE?
Lindsey Caplan has been appointed as the new Chief Accounting Officer of CBRE Group, Inc., effective September 12, 2022.
What is Lindsey Caplan's compensation package for his new role?
Mr. Caplan's compensation includes an annual base salary of $460,000, an annual target bonus of $460,000, eligibility for an annual equity award starting in 2023 with a target value of $430,000, and a one-time cash promotion award of $100,000.
What is the significance of Madeleine Barber remaining with the company?
Madeleine Barber, the previous Chief Accounting Officer, will remain with CBRE through December 31, 2022, to ensure a smooth transition of duties to the new Chief Accounting Officer, Lindsey Caplan.
Does the appointment of Mr. Caplan involve any external hires or new external relationships?
No, the filing states there are no arrangements or understandings with any other persons concerning Mr. Caplan's selection for his new position, indicating a promotion from within the company. There are also no family relationships between Mr. Caplan and any director or executive officer of CBRE.
04—Continue