secwatch.observer — SEC 8-K summary
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Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001104659-22-104613
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000110465922104613/0001104659-22-104613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000110465922104613/tm2227121d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-104613

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