secwatch.observer — SEC 8-K summary
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Issuer:     Builders FirstSource, Inc. (BLDR)
CIK:        0001316835
Form:       8-K/A
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-124276
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Builders FirstSource details CEO and CFO compensation for planned succession
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316835/000095017024124276/0000950170-24-124276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316835/000095017024124276/bldr-20240919.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124276

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