CoStar Group, Inc.
CoStar Group Amends Executive Severance Plan
Summary
On February 13, 2026, CoStar Group, Inc. amended its Executive Severance Plan to remove a clause relating to the composition of the Board of Directors. This amendment was made in response to a lawsuit and proxy contests by Third Point LLC and D. E. Shaw & Co., L.P., which the Board believed would result in unnecessary costs and distractions. All other terms and provisions of the plan remain unchanged.
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About CoStar Group, Inc.
CoStar Group, Inc. is a leading provider of information, analytics, and marketing services for the commercial real estate industry. The company's primary function is to offer comprehensive data solutions that professionals rely on to evaluate, buy, sell, finance, and invest in commercial properties. CoStar Group impacts sectors including real estate investment, property management, and urban planning through its databases and analytics tools. Its extensive suite of products, such as CoStar, LoopNet, and Apartments.com, delivers detailed property listings, market analysis, and a vast network for connecting buyers, sellers, and renters. Founded in 1987 and based in Washington, D.C., CoStar Group plays a crucial role in enhancing the transparency and efficiency of the real estate marketplace, serving a diverse clientele from brokers and appraisers to government agencies and developers.
Official SEC Documents
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