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 (Date of earliest event reported): August 22, 2002
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 (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
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. OTHER EVENTS.
On August 22, 2002, Jones Lang LaSalle Incorporated ("Jones Lang
LaSalle")issued a press release announcing the appointment of Peter
Riguardi as President, New York. Mr. Riguardi will head Jones Lang LaSalle
Americas' Leasing, Management and Tenant Representation operations in the
New York Tri-State market place. The press release also announced the
appointment of Robert Flippin as Executive Vice President, New York. One-
time costs associated with these appointments, as well as other related
expansion costs, are currently estimated at between $5-7 million. These
expenses will reduce earnings per share for 2002 by between 10-15 cents.
The transaction is expected to be accretive to earnings in 2003 by 3 cents,
with a payback period of between two and three years.
Jones Lang LaSalle is currently evaluating a sale of assets which
would involve a one-time gain in 2002.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this filing may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause Jones Lang LaSalle's
actual results, performance, achievements, plans and objectives to be
materially different from any future results, performance, achievements,
plans and objectives expressed or implied by such forward-looking
statements. Jones Lang LaSalle expressly disclaims any obligation or
undertaking to update or revise any forward-looking statements to reflect
any changes in events or circumstances or in its expectations or results.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
The following exhibit is included with this Report:
Exhibit 99.1 Press release dated August 22, 2002 issued
by Jones Lang LaSalle Incorporated.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: August 22, 2002 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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