CoStar Group Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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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): June 26, 2025
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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 June 26, 2025, at the Annual Meeting of Stockholders (the “Annual Meeting”) of CoStar Group, Inc. (the “Company” or “our”), the stockholders of the Company, upon the recommendation of the Board of Directors of the Company (the “Board”), approved the CoStar Group, Inc. 2025 Stock Incentive Plan (the “2025 Plan”), which was approved by the Board on April 28, 2025 (the “Effective Date”), subject to stockholder approval. The 2025 Plan, among other things, permits the grant of stock options, stock appreciation rights, restricted stock and restricted stock units to employees, officers, consultants and directors of the Company and its subsidiaries. The 2025 Plan replaces the CoStar Group, Inc. 2016 Stock Incentive Plan (the “2016 Plan”), and no further grants will be made pursuant to the 2016 Plan. The number of shares of Company common stock that will be available for grant under the 2025 Plan will be the sum of (i) any shares that remained available for grant under the 2016 Plan as of the Effective Date, plus (ii) shares subject to outstanding awards under the 2016 Plan as of the Effective Date that are later forfeited.
A more detailed description of the material terms of the 2025 Plan was included in the Company’s Definitive Proxy Statement on Schedule 14A (“Proxy Statement”) filed with the Securities and Exchange Commission on April 30, 2025. The foregoing and the summary in the Proxy Statement are not complete summaries of the terms of the 2025 Plan and are qualified by reference to the text of the 2025 Plan, which is included as Exhibit 10.1 hereto and is incorporated by reference herein.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The following items, which are more fully described in our Proxy Statement, were submitted to a vote of the stockholders of the Company at the Annual Meeting. The final voting results are as follows:
1.Each of the following nominees were elected to our Board to serve until the Company’s 2026 Annual Meeting of Stockholders or until his or her successor is elected and qualified: Louise S. Sams, Andrew C. Florance, John L. Berisford, Angelique G. Brunner, Rachel C. Glaser, John W. Hill, Christine M. McCarthy, and Robert W. Musslewhite.
| Name | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||||
| Louise S. Sams | 374,959,663 | 2,325,005 | 209,471 | 8,765,226 | ||||||||||
| Andrew C. Florance | 376,754,613 | 529,171 | 210,355 | 8,765,226 | ||||||||||
| John L. Berisford | 374,116,793 | 3,164,854 | 212,492 | 8,765,226 | ||||||||||
| Angelique G. Brunner | 370,955,710 | 6,307,436 | 230,993 | 8,765,226 | ||||||||||
| Rachel C. Glaser | 377,002,072 | 282,183 | 209,884 | 8,765,226 | ||||||||||
| John W. Hill | 364,696,573 | 12,586,031 | 211,535 | 8,765,226 | ||||||||||
| Christine M. McCarthy | 376,866,490 | 417,851 | 209,798 | 8,765,226 | ||||||||||
| Robert W. Musslewhite | 363,644,642 | 13,637,862 | 211,635 | 8,765,226 | ||||||||||
2.The appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025 was ratified upon the following vote:
| Votes For | 367,421,785 | ||||
| Votes Against | 18,615,164 | ||||
| Abstentions | 222,416 | ||||
| Broker Non-Votes | — | ||||
3.The advisory resolution to approve the Company's executive compensation was approved upon the following vote:
| Votes For | 202,754,871 | ||||
| Votes Against | 174,302,322 | ||||
| Abstentions | 436,946 | ||||
| Broker Non-Votes | 8,765,226 | ||||
4. The 2025 Plan was approved upon the following vote:
| Votes For | 369,269,515 | ||||
| Votes Against | 7,968,343 | ||||
| Abstentions | 256,281 | ||||
| Broker Non-Votes | 8,765,226 | ||||
5. The stockholder proposal regarding support for transparency in political spending was not approved upon the following vote:
| Votes For | 124,189,745 | ||||
| Votes Against | 251,384,311 | ||||
| Abstentions | 1,920,083 | ||||
| Broker Non-Votes | 8,765,226 | ||||
Item 9.01 Financial Statements and Exhibits.
Exhibit No. | Description | ||||
| 10.1 | |||||
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: | June 27, 2025 | /s/ Gene Boxer | ||||||
| Name: Gene Boxer | ||||||||
| Title: General Counsel and Corporate Secretary | ||||||||