Boise Cascade Announces Director, Officer, and Compensation Changes
Ticker: BCC · Form: 8-K · Filed: Jan 16, 2025 · CIK: 1328581
| Field | Detail |
|---|---|
| Company | Boise Cascade Co (BCC) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $650,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: BCC
TL;DR
BCC board shakeup and comp changes announced Jan 13.
AI Summary
Boise Cascade Company announced on January 13, 2025, changes related to its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance and compensation adjustments, not significant financial distress or operational disruptions.
Key Players & Entities
- Boise Cascade Company (company) — Registrant
- January 13, 2025 (date) — Date of Earliest Event Reported
- Delaware (jurisdiction) — State of incorporation
- 1-35805 (filing_id) — Commission File Number
- 20-1496201 (tax_id) — IRS Employer Identification No.
- 1111 West Jefferson Street, Suite 300 (address) — Principal executive offices
- Boise, Idaho 83702-5389 (address) — Principal executive offices
- (208) 384-6161 (phone) — Registrant's telephone number
FAQ
What specific items are being reported under the 8-K filing?
The filing reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers, as well as Financial Statements and Exhibits.
When was the earliest event reported in this filing?
The earliest event reported was on January 13, 2025.
In which state was Boise Cascade Company incorporated?
Boise Cascade Company was incorporated in Delaware.
What is the Commission File Number for Boise Cascade Company?
The Commission File Number for Boise Cascade Company is 1-35805.
What is the business address of Boise Cascade Company?
The business address of Boise Cascade Company is 1111 West Jefferson Street, Suite 300, Boise, Idaho 83702-5389.
Filing Stats: 629 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-16 16:17:10
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share BCC New York Stock
- $650,000 — roved Mr. Strom's annual base salary of $650,000 and an annual short-term incentive targ
Filing Documents
- bcc-20250113.htm (8-K) — 25KB
- ex991prjanuary2025.htm (EX-99.1) — 10KB
- bcclogoa02a05.jpg (GRAPHIC) — 7KB
- 0001328581-25-000002.txt ( ) — 169KB
- bcc-20250113.xsd (EX-101.SCH) — 2KB
- bcc-20250113_lab.xml (EX-101.LAB) — 21KB
- bcc-20250113_pre.xml (EX-101.PRE) — 12KB
- bcc-20250113_htm.xml (XML) — 3KB
02(c). Appointment of Certain Officers
Item 5.02(c). Appointment of Certain Officers On January 16, 2025, Boise Cascade Company ("Boise Cascade" or the "Company") issued a press release announcing that on January 13, 2025, the Board of Directors of Boise Cascade appointed Jeff Strom, age 57, Chief Operating Officer, with an effective date of January 20, 2025. Mr. Strom became Executive Vice President of Building Materials Distribution in March 2021. His previous positions with the Company's Building Materials Distribution business include: Vice President, General Manager Eastern Operations, from January 2020 through March 2021; and General Manager, Eastern Region, from May 2019 through January 2020. Mr. Strom received a bachelor's degree in management from the Georgia Institute of Technology. In connection with his appointment as Chief Operating Officer, on January 13, 2025, the Compensation Committee of the Board of Directors approved Mr. Strom's annual base salary of $650,000 and an annual short-term incentive target of 100% of annual base salary, with an effective date of January 20, 2025. In addition, Mr. Strom's severance agreement, dated as of August 15, 2022, remains effective, a form of which is filed as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q, filed October 31, 2022.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are furnished as part of this Current Report on Form 8-K: Exhibit No. Description of Exhibit 99.1 Boise Cascade Company Press Release, dated January 16 , 2025. 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. SIGNATURE 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. BOISE CASCADE COMPANY By /s/ Jill Twedt Jill Twedt Senior Vice President, General Counsel and Secretary Date: January 16, 2025