secwatch.observer — SEC 8-K summary
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Issuer:     Cushman & Wakefield Ltd. (CWK)
CIK:        0001628369
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001193125-23-135911
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cushman & Wakefield appoints Michelle MacKay as CEO, succeeding John Forrester effective July 1, 2023
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- John Forrester to retire as CEO and from board on June 30, 2023; will remain strategic advisor through Dec 31, 2023.
- Michelle MacKay, currently President & COO, becomes CEO and joins board on July 1, 2023.
- Andrew McDonald promoted to Global President & COO, effective July 1, 2023.
- MacKay receives base salary $1,000,000, target bonus $2,500,000, annual RSU/PSU target $5,500,000.
- Succession follows a multi-year planning process; Forrester's retirement not due to any disagreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628369/000119312523135911/0001193125-23-135911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628369/000119312523135911/d370029d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-135911

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