CoStar Group said it entered into support agreements with D. E. Shaw and Third Point on April 6, 2025. The two stockholders agreed to restrictions on voting and proxy solicitation, among other terms, during the standstill period.

1. 01

   CoStar Group said it entered into support agreements with D. E. Shaw and Third Point on April 6, 2025. The two stockholders agreed to restrictions on voting and proxy solicitation, among other terms, during the standstill period.

2. 02

   CoStar Group said it appointed Christine M. McCarthy, John Berisford and Rachel C. Glaser to its board of directors effective April 6, 2025, and that Michael R. Klein, Christopher J. Nassetta and Laura C. Kaplan resigned from the board.

3. 03

   The company said it formed an advisory Capital Allocation Committee to support the review of its capital structure, capital allocation priorities and financial targets. Andrew Florance will chair the committee, and Christine M. McCarthy, John Berisford and Robert W. Musslewhite will serve as members.

4. 04

   The company said it will apply its director compensation program to the new directors, which provides an annual cash retainer of $50,000 and a restricted stock award with a grant date value of $250,000. It also said it appointed Louise S. Sams as Chairperson of the Board.

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Original filing

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