TopBuild Updates Officer Compensatory Arrangements

Ticker: BLD · Form: 8-K · Filed: 2024-01-12T00:00:00.000Z

Sentiment: neutral

Topics: compensatory-arrangements, executive-compensation, corporate-governance

TL;DR

**TopBuild just updated executive pay structures, watch for impact on future performance.**

AI Summary

TopBuild Corp. filed an 8-K on January 11, 2024, to report a change in compensatory arrangements for certain officers. This filing indicates that the company is updating how it compensates its key executives, which could impact future financial performance and executive retention. For investors, understanding these changes is crucial as executive compensation directly affects the company's operational costs and can signal confidence in future growth or a need to incentivize performance.

Why It Matters

Changes in executive compensation can influence management's incentives and the company's financial health, directly affecting shareholder value.

Risk Assessment

Risk Level: low — This filing is a routine disclosure about compensatory arrangements and does not indicate immediate financial distress or significant operational changes.

Analyst Insight

Investors should monitor future proxy statements (DEF 14A) to understand the specifics of the new compensatory arrangements and assess their potential impact on executive incentives and company performance.

Key Players & Entities

FAQ

What was the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported was January 11, 2024.

What is the primary item information reported in this 8-K?

The primary item information reported is "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers."

What is TopBuild Corp.'s trading symbol and on which exchange is it registered?

TopBuild Corp.'s trading symbol is BLD, and it is registered on the New York Stock Exchange.

What is the business address of TopBuild Corp. as stated in the filing?

The business address is 475 North Williamson Boulevard, Daytona Beach, Florida 32114.

What is the par value of TopBuild Corp.'s common stock?

The par value of TopBuild Corp.'s common stock is $0.01 per share.

From the Filing

0001558370-24-000227.txt : 20240112 0001558370-24-000227.hdr.sgml : 20240112 20240112092605 ACCESSION NUMBER: 0001558370-24-000227 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20240111 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240112 DATE AS OF CHANGE: 20240112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TopBuild Corp CENTRAL INDEX KEY: 0001633931 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 473096382 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36870 FILM NUMBER: 24530771 BUSINESS ADDRESS: STREET 1: 475 N. WILLIAMSON BLVD. CITY: DAYTONA BEACH STATE: FL ZIP: 32114 BUSINESS PHONE: (386) 304-2200 MAIL ADDRESS: STREET 1: 475 N. WILLIAMSON BLVD. CITY: DAYTONA BEACH STATE: FL ZIP: 32114 FORMER COMPANY: FORMER CONFORMED NAME: Masco SpinCo Corp. DATE OF NAME CHANGE: 20150213 8-K 1 bld-20240111x8k.htm 8-K 0001633931 false 0001633931 2024-01-11 2024-01-11 ​ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ​ 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): January 11, 2024 ​ ​ TopBuild Corp . ​ (Exact name of registrant as specified in its charter) ​ ​ ​ ​ ​ ​ ​ Delaware ​ 001-36870 ​ 47-3096382 (State or other Jurisdiction of ​ (Commission ​ (IRS Employer Incorporation) ​ File Number) ​ Identification No.) ​ ​ ​ ​ 475 North Williamson Boulevard Daytona Beach , Florida ​ 32114 (Address of Principal Executive Offices) ​ (Zip Code) ​ Registrant’s telephone number, including area code: ( 386 ) 304-2200 ​ ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ​ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​ ​ ​ Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share BLD New York Stock Exchange ​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers ​ Effective immediately, Steven P. Raia, President, TruTeam Operations of TopBuild Corp., a Delaware corporation (the “Company”), will be taking the role of President, TopBuild Special Operations and Executive Adviser for the Company.

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