UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
In light of the COVID-19 (corona-virus) pandemic, members of the global management team of Cushman & Wakefield plc (the “Company”) have elected to voluntarily forgo a portion of their unearned salaries until December 31, 2020 or such earlier time as determined by the Company’s Board of Directors. Effective as of April 20, 2020, Brett White, the Company’s CEO, will forgo 25% of his base salary and each of Duncan Palmer, the Company’s CFO, and Michelle MacKay, the Company’s COO, will forgo 20% of his or her base salary. Effective as of May 1, 2020, John Forrester, the Company’s President, will also forgo 20% of his salary. The Company will donate the forgone salaries of such executives to the Company’s new Global Employee Assistance Fund, which has been set up to provide financial assistance to the Company’s employees most impacted by the pandemic.
A copy of a press release discussing the foregoing is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibits are filed as part of this report:
| Exhibit # |
Description | |||
| 99.1 |
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| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||
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.
Date: April 17, 2020
| CUSHMAN & WAKEFIELD PLC | ||
| By: |
/s/ Brett Soloway | |
| Name: |
Brett Soloway | |
| Title: |
Executive Vice President, General Counsel and Corporate Secretary | |