BLUELINX HOLDINGS INC. (NYSE:BXC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 2, 2018, BlueLinx Holdings Inc. (the “Company”) entered into an amendment to the stock appreciation rights agreements dated May 31, 2016 (“SAR Agreements”) with each of Susan C. O’Farrell, the Company’s Senior Vice President, Chief Financial Officer, and Treasurer; and Shyam K. Reddy, the Company’s Chief Administrative Officer, General Counsel, and Corporate Secretary (each, an “Amendment”). The Amendments amend the definition of “Fair Market Value” for purposes of determining the “Value” payable to the executives under the SAR Agreements upon exercise. to the Amendments, the definition of “Fair Market Value” was changed from the closing price on the most recent date on which shares were publicly traded to the average closing price for the Company’s common stock on each of the trading days during the 20-day period ending on the date of exercise.
Except as described above, all other material terms of the SAR Agreements remain unchanged. The foregoing description of the Amendments does not purport to be complete and is qualified in its entirety by reference to the form of Amendment, which is filed as Exhibit 10.1 to this Form 8-K.
Item 9.01Financial Statements and Exhibits
(d)Exhibits
BlueLinx Holdings Inc. ExhibitEX-10.1 2 a101bluelinx-amendmentto20.htm EXHIBIT 10.1 Exhibit BLUELINX HOLDINGS INC.AMENDMENT TOSTOCK APPRECIATION RIGHTS AGREEMENTTHIS AMENDMENT TO STOCK APPRECIATION RIGHTS AGREEMENT (the “Amendment”) is entered into by and between BLUELINX HOLDINGS INC.,…To view the full exhibit click here
About BLUELINX HOLDINGS INC. (NYSE:BXC)
BlueLinx Holdings, Inc. is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers. The Company distributes products in approximately two categories, such as structural products and specialty products. Structural products include plywood, oriented strand board (OSB), rebar and remesh, lumber and other wood products primarily used for structural support, walls and flooring in construction projects. Specialty products include roofing, insulation, specialty panels, molding, engineered wood products, vinyl products (used primarily in siding), outdoor living, particle board and metal products (excluding rebar and remesh). It also provides a range of services and solutions, such as intermodal distribution services; inventory stocking, and backhaul services.