6-K
Colliers International Group Inc. (CIGI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of: April 2021
Commission file number 001-36898
COLLIERS INTERNATIONAL GROUP INC.
(Translation of registrant’s name into English)
1140 Bay Street, Suite 4000
Toronto, Ontario, Canada
M5S 2B4
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F [ ] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes [ ] No [X]
If “Yes” is marked, indicate the file number assigned to the Registrant in connection with Rule 12g3-2(b): N/A
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| COLLIERS INTERNATIONAL GROUP INC. | |
|---|---|
| Date: April 26, 2021 | /s/ Christian Mayer |
| Name: Christian Mayer | |
| Title: Chief Financial Officer |
EXHIBIT INDEX
| Exhibit | Description of Exhibit |
|---|---|
| 99.1 | Material Change Report dated April 26, 2021 |
Exhibit 99.1
COLLIERS INTERNATIONAL GROUP INC.
MATERIAL CHANGE REPORT
(Form 51-102F3)
| 1. | Name and Address of Company |
|---|
Colliers International Group Inc. (“Colliers” or the “Company”)
1140 Bay Street, Suite 4000
Toronto, Ontario M5S 2B4
| 2. | Date of Material Change |
|---|
April 22, 2021
| 3. | News Release |
|---|
The news release was disseminated on April 22, 2021 through Globe Newswire.
| 4. | Summary of Material Change |
|---|
On April 22, 2021, Colliers announced the retirement of long-time executive and Global Chief Operating Officer (COO), John Friedrichsen, effective in the second quarter of 2021, during which time there will be an orderly transition of his COO responsibilities to other members of the Company’s executive team.
| 5. | Full Description of Material Change |
|---|
The news release annexed hereto as Schedule “A” provides a full description of the material change.
| 6. | Reliance on Subsection 7.1(2) of National Instrument 51-102 |
|---|
This report is not being filed on a confidential basis.
| 7. | Omitted Information |
|---|
No significant facts remain confidential in, and no information has been omitted from, this report.
| -2- | |
|---|---|
| 8. | Executive Officer |
| --- | --- |
If further information is required, please contact Christian Mayer, Chief Financial Officer, at (416) 960-9500.
| 9. | Date of Report |
|---|
DATED at Toronto, Ontario this 26th day of April, 2021.
Schedule “A”
(See attached)
| News Release |
|---|
For Immediate Release
Colliers announces retirement of John Friedrichsen
Long-time executive to retire after 23 years
TORONTO, Canada, April 22, 2021 – Colliers (NASDAQ and TSX: CIGI) today announced the retirement of long-time executive and Global Chief Operating Officer (COO), John Friedrichsen, effective in the second quarter of 2021, during which time there will be an orderly transition of his COO responsibilities to other members of the company’s executive team.
Mr. Friedrichsen joined Colliers’ predecessor, FirstService Corporation, in 1998 and was appointed Chief Financial Officer (CFO) in 2002. In 2015, he continued his role as CFO for Colliers following its separation and spin-off from FirstService. In January 2020, Mr. Friedrichsen was appointed COO, with Christian Mayer succeeding him as CFO. During Mr. Friedrichsen’s tenure, the market capitalization of the combined companies increased from US$62 million to more than US$11 billion today, creating significant shareholder value and delivering a compound annual return of about 20 per cent – a top decile performance which is remarkable over such an extended period.
“After an incredible 23-year run with two very successful companies, it’s time for me to step away and dedicate more time to my family and pursue other interests,” said Mr. Friedrichsen. “Colliers has a unique culture that is second to none. I will miss the teamwork and collaboration with our incredibly dedicated and enterprising people, Board of Directors, and other stakeholders. It has been a true honor and privilege to have worked together with such an incredible team of leaders toward a common goal – to accelerate success. As a significant shareholder in Colliers, I will be cheering from the sidelines, never too far away, as Jay and the rest of my talented colleagues continue to create significant value for our shareholders in the years ahead,” he added.
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| News Release |
|---|
“For more than two decades, John has been one of my closest allies in helping to build FirstService and Colliers, two great companies who have stood the test of time,” said Jay Hennick, Global Chairman and Chief Executive Officer. “John’s unrivalled support and dedication has led to significant growth and shareholder returns over his many years of service. I will miss his insight and partnership but wish him the very best as he transitions to retirement. I have the utmost faith in our talented and enterprising leadership team and am confident that Colliers will continue to grow from strength to strength in the years to come.”
Company Contact:
Jay S. Hennick
Chairman & Chief Executive Officer
| Global
Christian Mayer
Chief Financial Officer | Global
(416) 960-9500
Media Contact:
Andrea Cheung
Global Manager, Communications
Andrea.cheung@colliers.com
416-324-6402
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
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