TopBuild Corp. (NYSE:BLD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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TopBuild Corp. (NYSE:BLD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June15, 2018, a subsidiary of TopBuild Corp., a Delaware corporation (the “Company”), entered into a separation agreement with the Company’s former Vice President and Controller, Paul Joachimczyk (the “Separation Agreement”), to which the Company agreed to pay Mr. Joachimczyk a severance payment in the aggregate amount of $434,000, comprising one-year’s salary and what would otherwise have been Mr. Joachimczyk’s target bonus for 2018.The Separation Agreement additionally contains, among other things, customary releases, confidentiality, and non-disparagment provisions.The foregoing description of the Separation Agreement is only a summary and is qualified in its entirety by reference to the complete text of the Separation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference in this Item 5.02.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits


TopBuild Corp Exhibit
EX-10.1 2 ex-10d1.htm EX-10.1 bld_Current folio_8K_ITEM502_Exh_10_1 Exhibit 10.1 SEPARATION AGREEMENT The parties to this Separation Agreement (this “Agreement”),…
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About TopBuild Corp. (NYSE:BLD)

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). The Company’s Installation segment principally includes the sales and installation of insulation and other building products. Its Distribution segment principally includes the distribution of insulation and other building products. It provides insulation installation services nationwide through its TruTeam contractor services business, which has over 180 installation branches located in approximately 44 states. It installs various insulation applications, which include fiberglass batts and rolls, blown-in loose fill fiberglass, blown-in loose fill cellulose and polyurethane spray foam. The Company distributes insulation and other building products, including rain gutters, fireplaces, closet shelving, and roofing materials through its Service Partners business.