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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Jones Lang LaSalle Inc | NYSE:JLL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.29 | -0.16% | 180.41 | 184.23 | 178.60 | 180.14 | 282,083 | 22:44:42 |
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Maryland
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001-13145
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36-4150422
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(State or other jurisdiction
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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of incorporation or organization)
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200 East Randolph Drive, Chicago, IL
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60601
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(Address of principal executive offices)
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(Zip Code)
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[ ]
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Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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•
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Remain in his current Chief Executive Officer role through September 30, 2016;
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•
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Continue as a full-time employee of the Company through December 31, 2016, in order to provide transition services, on which date he will retire;
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•
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Provide part-time consulting services through December 31, 2017;
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•
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Not solicit clients or employees of the Company through March 31, 2018; and
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•
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Not accept employment with, or serve as a board member for, certain specified firms through March 31, 2018.
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•
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Will continue to receive his current annual base salary of $750,000 through December 31, 2016;
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•
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Will be eligible to receive his 2016 target annual incentive bonus under the GEB Annual Incentive Plan of $5,920,000 by March 15, 2017;
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•
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Will be eligible to receive his 2016 target payment of $3,013,000 in cash under the Company’s GEB 2015-2020 Long-Term Incentive Compensation Program (the “GEB LTIP”);
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•
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Will receive $80,000 for his continued service on the Board;
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•
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For his non-competition obligations, will receive $1,000,000 promptly after October 1, 2016; and
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•
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For his consulting obligations as an independent contractor, will receive
$750,000, payable in 4 equal installments of $187,500 after the end of each calendar quarter in 2017.
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•
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Beginning on the Commencement Date, an annualized gross base salary of €675,000;
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•
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A gross target bonus under the GEB Annual Incentive Plan for 2016 of US$5,200,000, to be
prorated from the Commencement Date;
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•
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A target gross GEB LTIP award of US
$2,500,000,
to be pro-rated from the Commencement Date. Awards under the GEB LTIP are typically paid in restricted stock units (“RSUs”);
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•
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A one-time grant of 8,696 RSUs, to vest June 15, 2019;
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•
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The Company to pay for any personal tax liability that Mr. Ulbrich incurs as the result of his Chief Executive Officer role that is in excess of his liability as a full-time employee based in Germany;
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•
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Benefits commensurate with those provided to senior employees based in Germany;
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•
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Severance benefits as a member of the GEB under the Company’s Severance Pay Plan, with the right to receive severance after giving effect to a four week notice period by the Company; and
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•
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An agreement by Mr. Ulbrich not to solicit clients or employees of the Company for 12 months after his employment by the Company terminates for any reason.
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10.1
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Letter Agreement, dated August 23, 2016, between the Company and Colin Dyer
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10.2
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Letter Agreement, dated August 23, 2016, between the Company and Christian Ulbrich
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99.1
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News Release dated August 24, 2016, announcing Colin Dyer’s retirement as Chief Executive Officer on September 30, 2016 and the appointment of Christian Ulbrich as President and Chief Executive Officer on October 1, 2016
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Signatures
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Dated: August 25, 2016
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Jones Lang LaSalle Incorporated
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By: /s/ Mark J. Ohringer
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Name: Mark J. Ohringer
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Title:
Executive Vice President, Global General Counsel and Corporate Secretary
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Exhibit No.
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Description
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10.1
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Letter Agreement, dated August 23, 2016, between the Company and Colin Dyer
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10.2
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Letter Agreement, dated August 23, 2016, between the Company and Christian Ulbrich
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99.1
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News Release dated August 24, 2016, announcing Colin Dyer’s retirement as Chief Executive Officer on September 30, 2016 and the appointment of Christian Ulbrich as President and Chief Executive Officer on October 1, 2016
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1 Year Jones Lang LaSalle Chart |
1 Month Jones Lang LaSalle Chart |
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