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

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

GMS INC. (NYSE:GMS) 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.

On October1, 2018, GMS Inc. (the “Company”) announced that H. Douglas Goforth has resigned from his position as Vice President, Chief Financial Officer and Treasurer effective December31, 2018, to pursue leadership opportunities outside of the Company.

Assuming Mr.Goforth remains employed with the Company through December31, 2018, and executes a full release of claims in favor of the Company, he will be entitled to severance benefits to the terms of his existing employment agreement, and Mr.Goforth has agreed to provide advisory consulting services for a period of three months following his employment termination in exchange for a $58,500 monthly consulting fee.

The terms of Mr.Goforth’s existing employment agreement are incorporated by reference to Exhibit10.13 to Amendment No.2 to the Company’s Registration Statement on FormS-1 filed on October5, 2015.


About GMS INC. (NYSE:GMS)

GMS Inc. is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers. Its Wallboard is a building product for interior and exterior walls and ceilings in residential and commercial structures. Its ceilings product line consists of suspended mineral fiber, soft fiber and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools and a range of other commercial and institutional buildings. Its steel framing product line consists of steel track, studs and various other steel products used to frame the interior walls of a commercial or institutional building. It supplies complementary products, including insulation, ready-mix-joint compound and various other interior construction products.