Builders FirstSource details CEO and CFO compensation for planned succession

Builders FirstSource, Inc.

Dave Rush retires as CEO effective Nov 6, 2024; remains special advisor ($50K/month) through March 2025, then on board.
Peter Jackson to become CEO with $1M salary, 135% bonus target, $5M RSU grant in Q1 2025.
Pete Beckmann to become CFO with $600K salary, 100% bonus target, $1.5M RSU grant in Q1 2025.
Both RSU grants split equally between time-based and performance-based vesting.
Jackson enters Tier I severance plan; Beckmann enters Tier II severance plan.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Pete Beckmann

Executive Vice President and Chief Financial Officer

BLDR · Builders FirstSource, Inc.

Filed: November 12, 2024, 6:59 PM ET

Pete Beckmann, Senior Vice President, FP&A of the Company, as the Company’s next Executive Vice President and Chief Financial Officer.

Appointed

Peter Jackson

President and Chief Executive Officer

BLDR · Builders FirstSource, Inc.

Effective: 2024-11-06
Filed: November 12, 2024, 6:59 PM ET

Mr. Jackson will succeed Dave Rush as President & Chief Executive Officer.

Departed

Dave Rush

President and Chief Executive Officer

BLDR · Builders FirstSource, Inc.

Effective: 2024-11-06
Successor: Peter Jackson
Filed: November 12, 2024, 6:59 PM ET

Mr. Rush served as President & Chief Executive Officer since November 2022 and is retiring after 25 years of dedicated service to the Company, effective November 6, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Pete Beckmann was appointed as Executive Vice President and Chief Financial Officer at Builders FirstSource, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Pete Beckmann, Senior Vice President, FP&A of the Company, as the Company’s next Executive Vice President and Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Jackson was appointed as President and Chief Executive Officer at Builders FirstSource, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Jackson will succeed Dave Rush as President & Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dave Rush retired as President and Chief Executive Officer at Builders FirstSource, Inc..

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Rush served as President & Chief Executive Officer since November 2022 and is retiring after 25 years of dedicated service to the Company, effective November 6, 2024.

View on SEC.gov

Builders FirstSource, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-124276

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