---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-079876"
form_type: "8-K"
ticker: "BLD"
cik: "0001633931"
company_name: "TopBuild Corp"
filed_at: "2026-07-01T20:16:46+00:00"
generated_at: "2026-07-01T20:18:16.719859+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-079876
- form_type: 8-K
- ticker: BLD
- cik: 0001633931
- company_name: TopBuild Corp
- filed_at: 2026-07-01T20:16:46+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 8.01, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633931/000110465926079876/0001104659-26-079876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633931/000110465926079876/tm2618991d10_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-079876
- JSON: https://secwatch.observer/filing/0001104659-26-079876.json
- Plain text: https://secwatch.observer/filing/0001104659-26-079876.txt

## Key facts
- Executive change
  Joseph M. Viselli retired as Chief Executive Officer at TopBuild Corp.
  - Action: retired
  - Role: Chief Executive Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633931/000110465926079876/0001104659-26-079876-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.