QXO completes acquisition of TopBuild; TopBuild renamed QXO Insulation, LLC, shares delisted

TopBuild Corp

Merger consideration: $505 cash or 20.2 QXO shares per TopBuild share; 91% elected cash, prorated to ~$249.67 cash + 10.212 QXO shares per share.
New debt financing: $3.0B unsecured notes (6.5% 2031, 6.875% 2034), $2.25B secured notes (6.75% 2032), $3.0B incremental term loan, and $2.0B ABL facility.
TopBuild's prior credit agreement repaid and terminated; all outstanding TopBuild notes (2029, 2032, 2034) redeemed and cancelled.
All TopBuild directors and executive officers ceased; former CEO Joseph Viselli received $894,539 cash payment upon retirement.
TopBuild shares delisted from NYSE; registrant renamed QXO Insulation, LLC.

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Executive movements

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Departed

Joseph M. Viselli

Chief Executive Officer

BLD · TopBuild Corp

Effective: 2026-06-30
Filed: July 1, 2026, 4:16 PM ET

In connection with the retirement of Joseph M. Viselli, as previously disclosed in TopBuild’s Current Report on Form 8-K filed with the SEC on April 17, 2026, in recognition of his contributions to TopBuild and in consideration of his ongoing restrictive covenants and other post-employment obligations, on June 30, 2026, the Compensation Committee of TopBuild’s board of directors approved a cash payment to Mr. Viselli in the amount of $894,539, less applicable taxes and withholdings (the “Cash Payment”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph M. Viselli retired as Chief Executive Officer at TopBuild Corp.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

In connection with the retirement of Joseph M. Viselli, as previously disclosed in TopBuild’s Current Report on Form 8-K filed with the SEC on April 17, 2026, in recognition of his contributions to TopBuild and in consideration of his ongoing restrictive covenants and other post-employment obligations, on June 30, 2026, the Compensation Committee of TopBuild’s board of directors approved a cash payment to Mr. Viselli in the amount of $894,539, less applicable taxes and withholdings (the “Cash Payment”).

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TopBuild Corp filing history →

Source: SEC EDGAR

accession 0001104659-26-079876

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