Cohen & Steers Elects New Directors, Approves CEO Employment Agreement
Ticker: CNS · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1284812
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
Cohen & Steers adds two new board members and locks in CEO Steers with a new employment deal.
AI Summary
Cohen & Steers, Inc. announced on June 17, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, John D. Casey and David M. Solomon, to its Board, effective June 17, 2024. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, Robert J. Steers, which includes a base salary of $750,000 and potential performance-based bonuses.
Why It Matters
The election of new directors and the updated employment agreement for the CEO signal potential shifts in corporate strategy and executive leadership, which could impact the company's future performance and shareholder value.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and executive compensation, which typically carry low inherent risk.
Key Numbers
- 2 — New Directors Elected (Enhances board expertise and oversight.)
- $750,000 — CEO Base Salary (Reflects compensation for Robert J. Steers under new employment agreement.)
Key Players & Entities
- Cohen & Steers, Inc. (company) — Registrant
- John D. Casey (person) — Newly elected director
- David M. Solomon (person) — Newly elected director
- Robert J. Steers (person) — Chief Executive Officer
- $750,000 (dollar_amount) — CEO base salary
FAQ
Who were the new directors elected to the Cohen & Steers, Inc. Board?
John D. Casey and David M. Solomon were elected as new directors.
When were the new directors' appointments effective?
The appointments of John D. Casey and David M. Solomon were effective as of June 17, 2024.
What is the base salary for Robert J. Steers under his new employment agreement?
Robert J. Steers' new employment agreement includes a base salary of $750,000.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the fiscal year end for Cohen & Steers, Inc.?
The fiscal year end for Cohen & Steers, Inc. is December 31.
Filing Stats: 476 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-06-21 16:18:44
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value CNS New York Stock Exchange
Filing Documents
- cns-20240617.htm (8-K) — 21KB
- 0001284812-24-000233.txt ( ) — 141KB
- cns-20240617.xsd (EX-101.SCH) — 2KB
- cns-20240617_lab.xml (EX-101.LAB) — 21KB
- cns-20240617_pre.xml (EX-101.PRE) — 12KB
- cns-20240617_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. Cohen & Steers, Inc. (Registrant) Date: June 21, 2024 By: /s/ Francis C. Poli Name: Francis C. Poli Title: General Counsel and Secretary