CoStar Group Announces Director Departure and Board Changes
Ticker: CSGP · Form: 8-K · Filed: Jun 18, 2024 · CIK: 1057352
| Field | Detail |
|---|---|
| Company | Costar Group, Inc. (CSGP) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $550,000, $2,750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-departure, board-changes, officer-compensation
Related Tickers: CSGP
TL;DR
CoStar's board is changing: Director Robert F. Smith is out, new directors in, and exec pay is being adjusted.
AI Summary
On June 18, 2024, CoStar Group, Inc. announced the departure of Director Robert F. Smith. The company also elected new directors and made changes to officer compensation arrangements. These events are detailed in the Form 8-K filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and changes in executive compensation can sometimes indicate underlying issues or strategic shifts that may affect the company's future.
Key Players & Entities
- CoStar Group, Inc. (company) — Registrant
- Robert F. Smith (person) — Departing Director
FAQ
Who is the departing director?
Director Robert F. Smith has departed from CoStar Group, Inc.
What is the date of the report?
The date of the report is June 18, 2024.
What items are being reported in this 8-K?
This 8-K reports on the departure of directors, election of directors, appointment of officers, and compensatory arrangements of certain officers, as well as Regulation FD Disclosure and Financial Statements and Exhibits.
In which state was CoStar Group, Inc. incorporated?
CoStar Group, Inc. was incorporated in Delaware.
What is CoStar Group's principal executive office address?
CoStar Group's principal executive office is located at 1331 L Street NW, Washington, DC 20005.
Filing Stats: 1,061 words · 4 min read · ~4 pages · Grade level 10.1 · Accepted 2024-06-18 16:20:55
Key Financial Figures
- $0.01 — ange on which registered Common Stock ($0.01 par value) CSGP Nasdaq Global Select Ma
- $550,000 — led to receive an annual base salary of $550,000 and will be eligible to receive a non-e
- $2,750,000 — stock award with a grant date value of $2,750,000, with the number of shares to be awarde
Filing Documents
- csgp-20240618.htm (8-K) — 30KB
- ex991-pressreleasexlownapp.htm (EX-99.1) — 10KB
- 0001057352-24-000077.txt ( ) — 167KB
- csgp-20240618.xsd (EX-101.SCH) — 2KB
- csgp-20240618_lab.xml (EX-101.LAB) — 21KB
- csgp-20240618_pre.xml (EX-101.PRE) — 12KB
- csgp-20240618_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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 hereunto duly authorized. COSTAR GROUP, INC. By: Date: June 18, 2024 /s/ Gene Boxer Name: Gene Boxer Title: General Counsel and Corporate Secretary