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): July 28, 2023
| (Exact name of registrant as specified in its charter) | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||||||||||||||||||||
Registrant’s telephone number, including area code: (202 ) 346-6500
| 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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
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.
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 28, 2023, the Board of Directors (the "Board") of CoStar Group, Inc. ("CoStar" or the "Company") appointed Angelique Brunner to serve on its Board of Directors, effective August 1, 2023. Ms. Brunner is entitled to participate in CoStar's director compensation program, which is described in the Company's proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 27, 2023. Ms. Brunner has not been named to serve on any committee of the Board at this time.
Item 7.01 Regulation FD Disclosure.
On August 1, 2023, CoStar issued a press release (the "Press Release") regarding the appointment of Ms. Brunner to the Board. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The information contained in this Item 7.01 and the Press Release shall be considered “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, nor shall it be deemed incorporated by reference into any reports or filings with the Securities and Exchange Commission, whether made before or after the date hereof, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). | ||||
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: | August 1, 2023 | /s/ Scott T. Wheeler | ||||||
| Name: Scott T. Wheeler | ||||||||
| Title: Chief Financial Officer | ||||||||
Exhibit 99.1
CoStar Group Appoints Angelique Brunner to Board of Directors
WASHINGTON — August 1, 2023 — CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today announced the expansion of its board to nine members with the appointment of Angelique Brunner as an independent member of the board.
Angelique Brunner joins the Board with more than 25 years of experience in finance and real estate and venture capital. She is CEO and Founder of EB5 Capital, an industry-leading investment company specializing in raising foreign capital for real estate development projects. Ms. Brunner brings extensive boardroom experience to CoStar Group, previously serving as a director of Cushman & Wakefield and Chesapeake Lodging Trust. Currently, she serves on the Board of Trustees for Brown University and on the Board of Governors for Brown University’s Watson Institute for International and Public Affairs. Additionally, she serves as an executive board member for the Marriott-Sorenson Center for Hospitality Leadership at Howard University School of Business.
In 2022 Ms. Brunner received a presidential appointment to the US Trade Representative’s (USTR) Trade Advisory Committee on Africa (TACA). She is an active member of the U.S. Chamber of Commerce, Real Estate Executive Council (REEC), and Urban Land Institute (ULI).
“As CoStar Group continues to grow and diversify its reach across the globe, I’m excited to have Angelique Brunner join our board and bring her years of experience across real estate and investment industries in both the private and public sectors,” said Andy Florance, Founder and CEO of CoStar Group. “Ms. Brunner’s appointment further enhances the Board industry, leadership, and corporate governance experience, growing its depth, breadth, and diversity of experience.”
This appointment comes at a time of significant growth and expansion for the company. Founded in 1986, CoStar Group now has over 5,400 employees across 15 countries. The company has seen consistent positive financial results year after year, with over 10 straight years of double-digit revenue growth. CoStar Group’s websites reached a significant milestone this year, surpassing 100 million monthly unique visitors across Homes.com, Apartments.com, LoopNet, and the rest of the company’s online marketplaces and websites.
For more information on CoStar Group’s Board of Directors, visit
investors.costargroup.com/leadership.
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News Media Contact
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costargroup.com
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attract over 100 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.