secwatch.observer — SEC 8-K summary
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Issuer:     QXO, Inc. (QXO)
CIK:        0001236275
Form:       8-K
Filed at:   2026-07-01T20:05:39+00:00
Accession:  0001104659-26-079864
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.03, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QXO completes $6.4B cash + stock acquisition of TopBuild; expects $300M+ annual synergies by 2030
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- QXO issued ~312.5M shares and paid ~$6.4B cash; TopBuild holders got ~$249.67 cash + 10.212 QXO shares per share.
- QXO added $3.0B incremental term loan facility maturing 2033 to fund the deal.
- Alec Covington (TopBuild's former Chairman) joins QXO Board; Jared Kushner resigns.
- Madeline Otero appointed Interim CAO; base salary $400k, target bonus 65%, equity award $600k.
- QXO now #1 in insulation and waterproofing, #2 in roofing; expects at least $300M annual synergies by 2030.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1236275/000110465926079864/0001104659-26-079864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1236275/000110465926079864/tm2618991d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-079864

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