secwatch.observer — SEC 8-K summary
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Issuer:     Builders FirstSource, Inc. (BLDR)
CIK:        0001316835
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0000950170-22-025665
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Builders FirstSource CEO Dave Flitman resigns; Dave Rush named interim CEO
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- Dave Flitman stepped down as President, CEO and director effective Nov 18, 2022, to accept an outside-industry opportunity.
- Dave Rush, EVP and 23-year company veteran, appointed Interim CEO; Board forms special committee to find permanent successor.
- Rush receives $1M annual salary, target bonus of 150% of salary, initial RSU grant of $500k, and additional $4M RSUs in Q1 2023.
- Company reaffirms full year 2022 guidance as provided on November 8, 2022.
- Chairman Paul Levy leads search committee; Rush previously led BMC and ProBuild integrations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316835/000095017022025665/0000950170-22-025665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316835/000095017022025665/bldr-20221118.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025665

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer