CoStar Group, Inc.
CoStar Group Announces Board Refreshment and Key Appointments
Summary
On April 6, 2025, CoStar Group, Inc. announced significant changes to its Board of Directors, including the appointment of three new independent directors: Christine M. McCarthy, John Berisford, and Rachel C. Glaser. The Board also elected Louise S. Sams as Chairperson. These changes coincide with the departure of three long-standing directors and the formation of a Capital Allocation Committee to oversee strategic investments. CoStar Group has also entered into support agreements with D. E. Shaw & Co., L.P., D. E. Shaw Oculus Portfolios, L.L.C., and Third Point LLC.
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Exhibits (3)
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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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