BlueLinx extends Chief Legal Officer Reddy's departure to June 30, 2023; grants $328K RSUs and $200K retention

BlueLinx Holdings Inc.

Employment end date moved from Dec 31, 2022 to June 30, 2023 via Amended Transition Agreement.
Reddy receives $200K lump sum, $328,125 in TBRSUs (vesting 50% Mar 31 and 50% Jun 30, 2023), and 50% of 2023 STIP target.
Original severance of $507,264, 2022 STIP at 80% target, and accelerated RSU vesting remain in effect.
He will step down as SVP/CLO when a successor takes office, then serve transition role through June 30.

item 5.02 item 9.01

Executive movements

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

Departed

Shyam K. Reddy

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

BXC · BlueLinx Holdings Inc.

Effective: 2023-06-30
Filed: December 23, 2022, 6:59 PM ET

extending the date on which Mr. Reddy will end his employment with the Company from December 31, 2022 (the “ Original Separation Date ”), to June 30, 2023 (the “ Modified Separation Date ”)

Key facts

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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 his employment
Role: Senior Vice President, Chief Legal and Sustainability Officer and Corporate Secretary

Exact text from the filing

extending the date on which Mr. Reddy will end his employment with the Company from December 31, 2022 (the “ Original Separation Date ”), to June 30, 2023 (the “ Modified Separation Date ”)

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BlueLinx Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-129903

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