UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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
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(Exact name of registrant as specified in its charter)
Maryland 001-13145 36-4150422
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(State or other juris- (Commission File (IRS Employer
diction of incorporation) Number) Identification
No.)
200 East Randolph Drive, Chicago, IL 60601
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (312) 782-5800
Not Applicable
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(Former name or former address, if changed since last report.)
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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
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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
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Name: Lauralee E. Martin
Title: Executive Vice President and
Chief Financial Officer
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