secwatch.observer — SEC 8-K summary
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Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001104659-23-035069
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000110465923035069/0001104659-23-035069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000110465923035069/tm2310077d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-035069

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