UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 28, 2005
CB RICHARD ELLIS GROUP, INC.
(Exact name of registrant as specified in its charter)
|
Delaware |
|
001-32205 |
|
94-3391143 |
|
(State or other |
|
(Commission File Number) |
|
(IRS Employer |
|
|
|
|
|
|
|
865 South
Figueroa Street, Suite 3400, Los Angeles, |
|
90017 |
||
|
(Address of Principal Executive Offices) |
|
(Zip Code) |
||
(213) 613-3226
Registrant’s Telephone Number, Including Area Code
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12(b))
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
This Current Report on Form 8-K is filed by CB Richard Ellis Group, Inc., a Delaware corporation (the “Company”), in connection with the matters described herein.
Item 1.01. Entry into a Material Definitive Agreement
On June 28, 2005, the Compensation Committee of our Board of Directors approved an increase to the target cash incentive compensation of Kenneth J. Kay, chief financial officer of the Company, from $400,000 to $500,000. In so doing, the Compensation Committee considered the results of a compensation survey conducted by an independent consultant. Mr. Kay’s cash incentive compensation is not guaranteed and is based upon Company financial performance and operational objectives and formulas under the Company’s Executive Bonus Plan.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
Date: June 29, 2005 |
|
CB RICHARD ELLIS GROUP, INC. |
||
|
|
|
|
||
|
|
|
|
||
|
|
|
By: |
/s/ KENNETH J. KAY |
|
|
|
|
Kenneth J. Kay |
||
|
|
|
Chief Financial Officer |
||
2