TopBuild Corp. Elects New Directors, Adjusts Board Committees
Ticker: BLD · Form: 8-K · Filed: 2024-03-15T00:00:00.000Z
Sentiment: neutral
Topics: board-of-directors, management-change
TL;DR
TopBuild adds two new directors to the board, Rains and Buck, effective March 14, 2024.
AI Summary
On March 14, 2024, TopBuild Corp. announced the election of Michael L. Rains and Robert J. Buck to its Board of Directors, effective immediately. Rains will serve on the Audit Committee, and Buck will join the Compensation Committee. This change follows the departure of director Robert M. Davies.
Why It Matters
The addition of new directors and committee assignments can signal strategic shifts or a response to governance considerations within the company.
Risk Assessment
Risk Level: low — This filing reports routine board changes and committee appointments, which typically carry low immediate risk.
Key Players & Entities
- TopBuild Corp. (company) — Registrant
- Michael L. Rains (person) — Elected Director
- Robert J. Buck (person) — Elected Director
- Robert M. Davies (person) — Departing Director
- March 14, 2024 (date) — Effective date of director changes
FAQ
Who were the new directors elected to TopBuild Corp.'s Board?
Michael L. Rains and Robert J. Buck were elected to the Board of Directors.
What committees will the new directors serve on?
Michael L. Rains will serve on the Audit Committee, and Robert J. Buck will serve on the Compensation Committee.
When were these director changes effective?
The changes were effective as of March 14, 2024.
Who departed from the Board of Directors?
Robert M. Davies departed from the Board of Directors.
What is TopBuild Corp.'s principal executive office address?
TopBuild Corp.'s principal executive office is located at 475 North Williamson Boulevard, Daytona Beach, Florida 32114.
From the Filing
0001558370-24-003397.txt : 20240315 0001558370-24-003397.hdr.sgml : 20240315 20240315160513 ACCESSION NUMBER: 0001558370-24-003397 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240314 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240315 DATE AS OF CHANGE: 20240315 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: 24754668 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-20240314x8k.htm 8-K 0001633931 false 0001633931 2024-03-14 2024-03-14 ​ 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): March 14, 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 ​ On March 14, 2024, Robert J. Franklin notified TopBuild Corp. (the “Company”) of his intention to retire from the Company as President, Specialty Distribution, effective October 1, 2024.  Mr. Franklin will remain with the Company