{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-045245","form_type":"8-K","ticker":"BLD","cik":"0001633931","company_name":"TopBuild Corp","filed_at":"2026-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.627217+00:00","generated_at":"2026-05-15T05:19:59.826470+00:00","sec_items":["1.01","8.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"QXO to acquire TopBuild for $17B; creates 2nd largest public building products distributor","bullets":["Per-share consideration: $505 cash or 20.20 QXO shares, subject to proration (45% cash/55% stock max).","Combined company revenue >$18B, adjusted EBITDA >$2B; deal expected to close Q3 2026.","Termination fee of $600M payable under specified circumstances; boards of both companies unanimously approved.","QXO will gain #1 insulation position and expand into large-project verticals like data centers.","QXO completed Kodiak acquisition ($2.25B) on April 1, 2026; TopBuild deal follows $13B total M&A in 11 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-045245","json":"https://secwatch.observer/filing/0001104659-26-045245.json","markdown":"https://secwatch.observer/filing/0001104659-26-045245.md","text":"https://secwatch.observer/filing/0001104659-26-045245.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633931/000110465926045245/0001104659-26-045245-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633931/000110465926045245/bld-20260418x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:19:59.826470+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}