BlueLinx CEO Dwight Gibson departs; Shyam K. Reddy appointed as President and CEO

BlueLinx Holdings Inc.

Dwight Gibson departs as President and CEO effective March 21, 2023; treated as termination without cause with severance.
Shyam K. Reddy, previously Chief Legal & Sustainability Officer, appointed President, CEO, and board member.
Reddy receives base salary of $775,000, target bonus 100% of base, and 2023 LTI grant value of $2.5M.
Q1 2023 preliminary: specialty product gross margin 18-19%, daily sales volumes down 17-18% YoY; structural margins 10-11%, volumes flat.
Separation agreement with Gibson includes customary release; severance terms per existing employment agreement.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Dwight Gibson

President and Chief Executive Officer

BXC · BlueLinx Holdings Inc.

Effective: 2023-03-21
Successor: Shyam K. Reddy
Filed: March 21, 2023, 7:59 PM ET

the Company announced the departure of Dwight Gibson from his role as President and Chief Executive Officer of the Company, effective March 21, 2023

Role change

Shyam K. Reddy

President and Chief Executive Officer

BXC · BlueLinx Holdings Inc.

Effective: 2023-03-21
Filed: March 21, 2023, 7:59 PM ET

Shyam K. Reddy, the Company’s existing Chief Legal and Sustainability Officer and Corporate Secretary will succeed Mr. Gibson as President and Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dwight Gibson departed as President and Chief Executive Officer at BlueLinx Holdings Inc..

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

the Company announced the departure of Dwight Gibson from his role as President and Chief Executive Officer of the Company, effective March 21, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shyam K. Reddy was appointed as President and Chief Executive Officer at BlueLinx Holdings Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Shyam K. Reddy, the Company’s existing Chief Legal and Sustainability Officer and Corporate Secretary will succeed Mr. Gibson as President and Chief Executive Officer of the Company.

View on SEC.gov

BlueLinx Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-035069

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