Installed Building Products appoints Robert H. Schottenstein to Board of Directors

Installed Building Products, Inc.

Board size increased from 8 to 9; Schottenstein appointed as independent Class I director effective July 18, 2022.
Schottenstein is Chairman, CEO, President of M/I Homes (NYSE: MHO); previously served on IBP board from 2014-2020.
Non-employee director compensation: $75,000 annual retainer plus $100,000 annual restricted stock grant, prorated for 2022.
IBP's net sales to M/I Homes in FY2021 were ~$16.6M, less than 1% of each company's annual revenues.
Schottenstein will stand for election at 2023 Annual Meeting; CEO Jeff Edwards welcomes his return.

item 5.02 item 9.01

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Appointed

Robert H. Schottenstein

Director

IBP · Installed Building Products, Inc.

Effective: 2022-07-18
Filed: July 18, 2022, 7:59 PM ET

On July 18, 2022, the Board of Directors (the “Board”) of Installed Building Products, Inc. (“IBP” or the “Company”) voted to (i) increase the size of the Board from eight to nine members and (ii) appoint Robert H. Schottenstein to fill the newly created vacancy.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert H. Schottenstein was appointed as Director at Installed Building Products, Inc..

Action: appointed
Role: Director

Exact text from the filing

On July 18, 2022, the Board of Directors (the “Board”) of Installed Building Products, Inc. (“IBP” or the “Company”) voted to (i) increase the size of the Board from eight to nine members and (ii) appoint Robert H. Schottenstein to fill the newly created vacancy.

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Installed Building Products, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-196327

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