BEACON ROOFING SUPPLY, INC. (NASDAQ:BECN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(c) Appointment of New Principal Operating Officer
On January 2, 2019, Beacon Roofing Supply, Inc. (the “Company”) issued a press release announcing that C. Eric Swank, age 50, has been promoted to the position of Chief Operating Officer, effective immediately. A copy of the press release is attached hereto as Exhibit 99 and is incorporated by reference herein.
In recognition of Mr. Swank’s promotion, the Compensation Committee of Company’s Board of Directors approved a grant of 5,847 options, 3,843 performance-based restricted stock units and 1,921 time-based restricted stock units under the Company’s Amended and Restated 2014 Stock Plan. The grant was effective January 2, 2019. The options have an exercise price of $32.53 (the closing price of our common stock on January 2, 2019), and vest one-third annually starting on the first anniversary of the grant and expire on the tenth anniversary of the date of grant. Each restricted stock unit represents a contingent right to receive one share of the Company’s common stockThe restricted stock units will vest on the third anniversary of the date of grant.In addition, performance-based restricted stock units may not vest, or may vest at, above or below the number of units granted depending on Company performance. All restricted stock units and option awards are subject to continued employment, except under certain conditions.
|
Item 5.02 |
Financial Statements and Exhibits |
(d)Exhibits
BEACON ROOFING SUPPLY INC Exhibit
EX-99 2 becn-ex99_6.htm EX-99 becn-ex99_6.htm EXHIBIT 99 January 2,…
To view the full exhibit click here
About BEACON ROOFING SUPPLY, INC. (NASDAQ:BECN)
Beacon Roofing Supply, Inc. is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products. The residential roofing products include asphalt shingles, clay tile, slate and metal roofing, among others. The non-residential roofing products include single-ply roofing, asphalt, metal, modified bitumen and build-up roofing, among others. The complementary building products include vinyl siding, fiber cement siding, stone veneer and windows, among others. The Company offers its products under various trade names, including Alabama Roofing Supply, Atlantic Building Products, Applicators Sales, Southern Roof Center, Statewide Wholesale, Structural Materials and The Roof Center.
