secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2022-07-18T23:59:59+00:00
Accession:  0001193125-22-196327
Event type: leadership
Sentiment:  positive
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000119312522196327/0001193125-22-196327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000119312522196327/d382511d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-196327

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