---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-032760"
form_type: "8-K"
ticker: "QXO"
cik: "0001236275"
company_name: "QXO, Inc."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:49:23.903391+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SilverSun cancels spin-off, retains business; ups cash dividend to $17.4M

## Summary
- Spin-off eliminated; company retains existing operations; stockholders receive $17.4M cash dividend (up from $2.5M).
- Equity investment of $1B from Jacobs Private Equity II unchanged; 8:1 reverse stock split planned.
- CEO Mark Meller gets new offer letter: $1.12M base salary, 10% annual increases, severance at 3x average salary.
- Meller's prior employment agreement terminated upon closing with lump sum severance up to $3M.
- Transactions require stockholder approval and customary closing conditions.

## SEC filing metadata
- accession: 0001213900-24-032760
- form_type: 8-K
- ticker: QXO
- cik: 0001236275
- company_name: QXO, Inc.
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1236275/000121390024032760/0001213900-24-032760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1236275/000121390024032760/ea0203889-8k_silversun.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-032760
- JSON: https://secwatch.observer/filing/0001213900-24-032760.json
- Plain text: https://secwatch.observer/filing/0001213900-24-032760.txt

## Key facts
- Material Agreements
  QXO, Inc. amended Amended and Restated Investment Agreement with Jacobs Private Equity II, LLC valued at $1,000,000,000 equity investment, $17,400,000 aggregate cash dividend to pre-closing stockholders (effective 2024-04-14).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Jacobs Private Equity II, LLC
  - Value: $1,000,000,000 equity investment, $17,400,000 aggregate cash dividend to pre-closing stockholders
  - Effective: 2024-04-14
  source text: On April 14, 2024, the Company entered into an Amended and Restated Investment Agreement (the “ A&R Investment Agreement ”) with JPE (on behalf of itself and on behalf of each of the other Investors) amending and restating the Original Investment Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1236275/000121390024032760/0001213900-24-032760-index.htm

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