BlueLinx announces Shyam K. Reddy to step down as SVP, Chief Legal & Sustainability Officer, effective Dec 31, 2022

BlueLinx Holdings Inc.

Transition Agreement provides $507,264 lump sum (1x base salary), 2022 STI bonus, and accelerated vesting of 21,821 time-based RSUs.
3,880 performance-based RSUs will continue vesting and settle in 2025 as if employment continued.
Reddy will serve as officer until replacement appointed, then provide transition services through Dec 31, 2022.
Payment conditioned on signing general release of claims, accumulated and paid 60 days after termination.

item 5.02 item 9.01

Executive movements

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Departed

Shyam K. Reddy

Senior Vice President, Chief Legal and Sustainability Officer and Corporate Secretary

BXC · BlueLinx Holdings Inc.

Effective: 2022-12-31
Filed: September 30, 2022, 7:59 PM ET

Mr. Reddy will end his employment with the Company effective December 31, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Shyam K. Reddy departed as Senior Vice President, Chief Legal and Sustainability Officer and Corporate Secretary at BlueLinx Holdings Inc..

Action: will end employment
Role: Senior Vice President, Chief Legal and Sustainability Officer and Corporate Secretary

Exact text from the filing

Mr. Reddy will end his employment with the Company effective December 31, 2022

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Source: SEC EDGAR

accession 0001104659-22-104613

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