SiteOne Landscape Supply, Inc. (NYSE:SITE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Appointment of New Director
Effective as of March23, 2017, the Board of Directors (the Board)
of SiteOne Landscape Supply, Inc. (the Company) increased the
number of directors serving on the Board from nine to ten and
filled the vacancy created by such newly-created directorship by
appointing Michael J. Grebe. Mr.Grebe will serve as a Class I
Director for a term expiring at the Companys 2017 annual
stockholders meeting. The Board also appointed Mr.Grebe to serve
on the Audit Committee of the Board, effective as of April28,
2017. The Board determined, after considering all of the relevant
facts and circumstances, that Mr.Grebe is independent as defined
under New York Stock Exchange (NYSE) listing standards.
No arrangements exist between the Company and Mr.Grebe or any
other person to which he was selected as director. There are no
transactions in which Mr.Grebe has an interest requiring
disclosure under Item404(a) of SEC Regulation S-K.
Mr.Grebe will be entitled to participate in the Companys
non-employee director compensation plan and certain
indemnification rights. Such director compensation plan and
indemnification rights are described in more detail under
Executive Compensation-Director Compensation and Description of
Capital Stock-Limitations on Liability and Indemnification,
respectively, in the final prospectus filed by the Company with
the U.S. Securities and Exchange Commission on November30, 2016
to Rule 424(b)(4) under the Securities Act of 1933, as amended
(Registration No.333- 214628).
Audit Committee of the Board Member Resignation and
Appointment
In connection with Mr.Grebes appointment to the Audit Committee
of the Board, Kenneth A. Giuriceo resigned as a member of the
Audit Committee of the Board, effective as of April28, 2017.
Following Mr.Giuriceos resignation and Mr.Grebes appointment, the
Audit Committee of the Board will be comprised entirely of
directors that the Board has determined are independent as
defined under NYSE listing standards.
In connection with the appointment of Mr.Grebe to the Companys
Board, the Company issued a press release on March23, 2017. A
copy of the press release is furnished as Exhibit 99.1 to this
report.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits
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Exhibit No. |
Description of Exhibit |
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| 99.1 |
Press Release of SiteOne Landscape Supply, Inc., dated March 23, 2017. |
About SiteOne Landscape Supply, Inc. (NYSE:SITE)
SiteOne Landscape Supply, Inc. is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores. The Company offers a selection of fertilizer and control products, such as herbicides, irrigation supplies, landscape accessories, nursery goods, hardscapes, including pavers, natural stones and blocks, and outdoor lighting products. The Company’s customers are primarily residential and commercial landscape professionals specializing in the designing, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. The Company offers various products, such as spreader settings, LESCO equipment specification sheets, golf course supplies, seed: golf and greentech specification binder. SiteOne Landscape Supply, Inc. (NYSE:SITE) Recent Trading Information
SiteOne Landscape Supply, Inc. (NYSE:SITE) closed its last trading session up +0.04 at 46.70 with 573,647 shares trading hands.