Construction Partners Names New CFO, Promotes Existing Leader
Ticker: ROAD · Form: 8-K · Filed: Mar 22, 2024 · CIK: 1718227
| Field | Detail |
|---|---|
| Company | Construction Partners, Inc. (ROAD) |
| Form Type | 8-K |
| Filed Date | Mar 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo, personnel
TL;DR
New CFO at Construction Partners, Inc. effective March 25th.
AI Summary
Construction Partners, Inc. announced on March 20, 2024, the appointment of Melissa L. Jones as Chief Financial Officer, effective March 25, 2024. Jones previously served as the company's Senior Vice President of Finance and Accounting. The company also reported on the departure of its former CFO, Charles M. "Buddy" Putman, Jr., who will transition to a new role as Senior Vice President of Special Projects.
Why It Matters
This executive transition at a key financial role could impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: low — The appointment is an internal promotion and transition, suggesting continuity rather than a disruptive event.
Key Players & Entities
- Construction Partners, Inc. (company) — Registrant
- Melissa L. Jones (person) — Appointed Chief Financial Officer
- March 25, 2024 (date) — Effective date of CFO appointment
- Charles M. "Buddy" Putman, Jr. (person) — Departing Chief Financial Officer
- Senior Vice President of Special Projects (role) — New role for former CFO
FAQ
Who has been appointed as the new Chief Financial Officer of Construction Partners, Inc.?
Melissa L. Jones has been appointed as the new Chief Financial Officer of Construction Partners, Inc.
When is Melissa L. Jones's appointment as CFO effective?
Melissa L. Jones's appointment as CFO is effective March 25, 2024.
What was Melissa L. Jones's previous role at Construction Partners, Inc.?
Melissa L. Jones's previous role was Senior Vice President of Finance and Accounting.
What is the new role for the former CFO, Charles M. "Buddy" Putman, Jr.?
Charles M. "Buddy" Putman, Jr. will transition to the role of Senior Vice President of Special Projects.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is March 20, 2024.
Filing Stats: 993 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-03-22 16:21:25
Key Financial Figures
- $0.001 — which registered Class A common stock, $0.001 par value ROAD The Nasdaq Stock Market
Filing Documents
- road-20240320.htm (8-K) — 47KB
- exhibit101restrictedstockp.htm (EX-10.1) — 56KB
- exhibit102_secondamendment.htm (EX-10.2) — 10KB
- 0001718227-24-000015.txt ( ) — 254KB
- road-20240320.xsd (EX-101.SCH) — 2KB
- road-20240320_lab.xml (EX-101.LAB) — 22KB
- road-20240320_pre.xml (EX-101.PRE) — 13KB
- road-20240320_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On March 20, 2024, the Company held its Annual Meeting. Holders of shares of Class A and Class B common stock representing a total of 129,713,331 votes were present or represented by proxy at the Annual Meeting, representing 96.9% of the Company's total voting power as of the January 22, 2024 record date for the Annual Meeting. The final results of voting on each of the matters submitted to a vote of the stockholders at the Annual Meeting are as follows: Proposal 1 : Election of Class III Directors Name Votes For Withhold Authority Broker Non-Votes Michael H. McKay 111,555,282 15,955,349 2,202,700 Stefan L. Shaffer 116,266,693 11,243,938 2,202,700 Noreen E. Skelly 117,240,252 10,270,379 2,202,700 Proposal 2 : Ratification of Appointment of Independent Registered Public Accountants Votes For Votes Against Abstentions 129,663,167 48,414 1,750 Proposal 3 : Approval of Adoption of the 2024 Restricted Stock Plan Votes For Votes Against Broker Non-Votes Abstentions 107,239,829 20,254,324 2,202,700 16,478 Proposal 4 : Approval of the 2018 Plan Amendment Votes For Votes Against Broker Non-Votes Abstentions 125,251,637 2,240,726 2,202,700 18,268 As a result of the foregoing votes, the Company's stockholders (i) reelected Messrs. McKay and Shaffer and Ms. Skelly as Class III directors of the Company each for a term set to expire at the 2027 annual meeting of the Company's stockholders, (ii) ratified the appointment of RSM US LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024, (iii) approved the adoption of the 2024 Restricted Stock Plan and (iv) approved the 2018 Plan Amendment to increase the number of shares reserved for issuance pursuant to awards under the 2018 Plan.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1* Construction Partners, Inc. 2024 Restricted Stock Plan 10.2* Second Amendment to the Construction Partners, Inc. 2018 Equity Incentive Plan 104* Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith.
SIGNATURES
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. CONSTRUCTION PARTNERS, INC. Date: March 22, 2024 By: /s/ Gregory A. Hoffman Gregory A. Hoffman Senior Vice President and Chief Financial Officer