secwatch.observer — SEC 8-K summary
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Issuer:     COSTAR GROUP, INC. (CSGP)
CIK:        0001057352
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001057352-26-000008
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoStar amends severance plan, removes director-change clause to avoid activist litigation
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- Removed the 'director clause' from Change in Control definition in Executive Severance Plan.
- Clause was meant to protect management continuity; removed due to threatened proxy contests by Third Point and D.E. Shaw.
- Board and Compensation Committee unanimously approved original clause but agreed to removal at management's request.
- All other terms of the Amended Severance Plan remain unchanged and in effect.
- Company sought to avoid cost and distraction of an opportunistic Delaware lawsuit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057352/000105735226000008/0001057352-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057352/000105735226000008/csgp-20260213.htm
  HTML page:      https://secwatch.observer/filing/0001057352-26-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer