8-KLeadership Changes

CBRE GROUP, INC. 8-K Report, Executive Changes (Sep 12, 2022)

Filed September 12, 2022For Securities:CBRE

Summary

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, 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 $100,000. 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.

Key Highlights

  • 1Lindsey Caplan appointed as Chief Accounting Officer, effective September 12, 2022.
  • 2Mr. Caplan possesses significant internal experience within CBRE, having held various finance leadership roles.
  • 3New Chief Accounting Officer to receive an annual base salary of $460,000.
  • 4Eligible for an annual target bonus of $460,000.
  • 5Will receive annual equity awards with a target grant date value of $430,000 starting in 2023.
  • 6Receives a one-time cash promotion award of $100,000.
  • 7Outgoing Chief Accounting Officer, Madeleine Barber, to stay through December 31, 2022, for transition.

Frequently Asked Questions

Lindsey Caplan has been appointed as the new Chief Accounting Officer of CBRE Group, Inc., effective September 12, 2022.

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.

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.

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.