On Feb 13, 2026 CoStar Group amended its Executive Severance Plan to remove the "director clause" from the…
Filed with the SEC on · Summarized by InvestorsBot
On Feb 13, 2026 CoStar Group amended its Executive Severance Plan to remove the "director clause" from the Change in Control definition. All other terms remain unchanged; Amended Severance Plan (Exhibit 10.1) filed. $CSGP ✂️📄 #CorporateGovernance #SECfiling
The director clause — unanimously approved by the Board and Compensation Committee to protect management continuity — was removed at management’s request to avoid cost/distraction from threatened proxy contests by Third Point LLC and D. E. Shaw & Co., L.P. $CSGP ⚖️🛡️ #Activism #Investors