Brett White's CEO resignation confirmed as Qualifying Resignation; equity vests, covenants extended through June 2025

Cushman & Wakefield Ltd.

Resignation effective Dec 31, 2021; accelerates vesting of certain equity awards per employment agreement.
No additional salary or bonus beyond 2021 annual bonus eligibility; no severance benefits.
Restrictive covenants extended through June 30, 2025; White may engage in non-competitive activities with non-public entities.
White continues as Executive Chairman; restrictive covenants survive board service.

item 5.02 item 9.01

Executive movements

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Role change

Brett White

Chief Executive Officer

CWK · Cushman & Wakefield Ltd.

Effective: 2021-12-31
Filed: January 4, 2022, 6:59 PM ET

On December 31, 2021, Cushman & Wakefield plc (the “Company”) and Cushman & Wakefield Global, Inc. entered into a side letter agreement (the “Side Letter”) with Brett White, the Executive Chairman of the Company’s Board of Directors (the “Board”), in connection with Mr. White’s previously announced resignation as Chief Executive Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brett White resigned as Chief Executive Officer at Cushman & Wakefield Ltd..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On December 31, 2021, Cushman & Wakefield plc (the “Company”) and Cushman & Wakefield Global, Inc. entered into a side letter agreement (the “Side Letter”) with Brett White, the Executive Chairman of the Company’s Board of Directors (the “Board”), in connection with Mr. White’s previously announced resignation as Chief Executive Officer of the Company.

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Cushman & Wakefield Ltd. filing history →

Source: SEC EDGAR

accession 0001193125-22-001710

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