LIVEDGAR document for Gordon Repp - JONESL01 - Jones Lang ...

joneslanglasalle

LIVEDGAR document for Gordon Repp - JONESL01 - Jones Lang ...

8−K

Filed on 10/08/2004 − Period: 10/08/2004

File Number 001−13145

JONES LANG LASALLE INC (JLL)

200 E RANDOLPH DR

CHICAGO, IL 60601

312. 782.5800

http://www.joneslanglasalle.com/

LIVEDGAR ® Information Provided by Global Securities Information, Inc.

800.669.1154 

www.gsionline.com


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

--------------------

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of report: October 8, 2004

JONES LANG LASALLE INCORPORATED

------------------------------------------------------

(Exact name of registrant as specified in its charter)

Maryland 001-13145 36-4150422

------------------------ ---------------- ---------------

(State or other juris- (Commission File (IRS Employer

diction of incorporation) Number) Identification

No.)

200 East Randolph Drive, Chicago, IL 60601

--------------------------------------- ----------

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (312) 782-5800

Not Applicable

--------------------------------------------------------------

(Former name or former address, if changed since last report.)

1


ITEM 5.02 RESIGNATION OF A MEMBER OF THE BOARD OF DIRECTORS

The Board of Directors (the "Board") of Jones Lang LaSalle

Incorporated ("Jones Lang LaSalle") has accepted the resignation of Jackson

P. Tai with sincere regret. Jones Lang LaSalle wishes to convey its deep

appreciation to Mr. Tai for his excellent service to the firm and to its

Board of Directors.

Mr. Tai resigned on Wednesday, October 6, 2004, effective that date.

Mr. Tai also served as a member of each of the Compensation Committee and

the Nominating and Governance Committee of the Board. A copy of Mr. Tai's

correspondence tendering his resignation is attached as an Exhibit to this

Form 8-K filing. Mr. Tai had been a member of the Board since May, 2002.

Mr. Tai, the Vice Chairman and Chief Executive Officer of DBS Bank, a

banking organization headquartered in Singapore, resigned because of a

potential conflict of interest that has arisen between Jones Lang LaSalle

and DBS Bank, as follows. Jones Lang LaSalle provides certain real estate

management services to DBS Bank in the ordinary course of business,

including with respect to one of the branches of DBS Bank (Hong Kong). As

part of the renovation of the branch, an international firm specializing in

the installation and removal of safe-deposit boxes was hired to manage the

removal of empty safe deposit boxes. During the removal on the weekend of

October 2, 2004, 83 safe-deposit boxes in current use were sent for

destruction together with over 800 other empty safe deposit boxes planned

for removal. At this point, both DBS Bank and Jones Lang LaSalle do not

believe the incident reflected anything other than a highly regrettable

human error by the contractor. DBS Bank and Jones Lang LaSalle are

continuing to investigate the incident as expeditiously as possible.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibit

The following exhibit is included with this Report:

17. Electronically transmitted text from Jackson P. Tai

dated October 6, 2004 tendering his resignation

2


SIGNATURES

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.

Dated: October 8, 2004 JONES LANG LASALLE INCORPORATED

By: /s/ Lauralee E. Martin

------------------------------

Name: Lauralee E. Martin

Title: Executive Vice President and

Chief Financial Officer

3


EX−17

JONES LANG LASALLE INC (JLL)

200 E RANDOLPH DR

CHICAGO, IL 60601

312. 782.5800

http://www.joneslanglasalle.com/

8−K Filed on 10/08/2004 − Period: 10/08/2004

File Number 001−13145

LIVEDGAR ® Information Provided by Global Securities Information, Inc.

800.669.1154 

www.gsionline.com


EXHIBIT 17

----------

Text of Email dated Wednesday, October 6, 2004 from Jackson P. Tai to

Stuart L. Scott, Chairman of the Board of Directors:

Stuart:

I am writing to confirm our telephone conversation on Wednesday, October 6,

2004 (Chicago time). The unfortunate incident at our Mei Foo Branch in

Hong Kong puts me in a difficult position in managing perceived conflicts

of interests. I am, therefore, submitting my resignation from the Jones

Lang LaSalle Board of Directors.

I have been inspired by the progress of the Company, and by the

professionalism and insight of the Jones Lang LaSalle Board. Please convey

my appreciation to each Board member and the Global Executive Committee.

Jack Tai

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