Continental Building Products, Inc. (NYSE:CBPX) Files An 8-K Termination of a Material Definitive Agreement

Continental Building Products, Inc. (NYSE:CBPX) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement

On March 21, 2017, consistent with what Continental Building Products Inc. (the “Company”) believes are best corporate governance practices of not having employment agreements with its executive officers, the Company entered into a letter agreement with Mr. James Bachmann, the Company’s President and CEO, terminating Mr. Bachmann’s Employment Agreement dated March 24, 2015. Mr. Bachmann remains the Company’s President and CEO as an at-will employee. In connection with the termination of the employment agreement, Mr. Bachmann and the Company entered into a customary Confidentiality and Non-Compete Agreement.

About Continental Building Products, Inc. (NYSE:CBPX)

Continental Building Products, Inc. is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s segment is wallboard. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R). The Company manufactures gypsum wallboard related products for commercial and residential buildings and houses. The Company offers a range of gypsum wallboard products, including LiftLite, Mold Defense and Weather Defense. LiftLite is a lightweight wallboard for use on interior walls and ceilings. Mold Defense is designed for protection against mold and mildew. Weather Defense is a line of moisture and mold-resistant exterior sheathing. It operates automated manufacturing facilities in Silver Grove (Kentucky), Palatka (Florida) and Buchanan (New York).

Continental Building Products, Inc. (NYSE:CBPX) Recent Trading Information

Continental Building Products, Inc. (NYSE:CBPX) closed its last trading session down -0.10 at 25.55 with 145,639 shares trading hands.

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