8-K
filed June 6, 2024, 7:59 PM ET
ticker QXO
CIK 0001236275
other material
confidence high
sentiment neutral
materiality 1.00
QXO completes $1B equity investment, reverse split, new board, Brad Jacobs CEO
QXO, Inc.
- Completed 8-for-1 reverse stock split and $1B equity investment from JPE and other investors.
- Issued 1M shares of convertible perpetual preferred stock and 219M warrants; JPE acquired ~89.7% voting power.
- Entire board replaced: Brad Jacobs (Chairman/CEO), Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel, Allison Landry.
- Former CEO Mark Meller becomes President of SilverSun; C. Signorello named Chief Legal Officer, S. Smith interim CFO.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marlene Colucci was appointed as Director at QXO, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Meller resigned as Director at QXO, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mark Meller, Kenneth Edwards, Stanley Wunderlich and John Schachtel resigned from the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brad Jacobs was elected as Chairman of the Board at QXO, Inc..
- Action
- elected
- Role
- Chairman of the Board
Exact text from the filing
Mr. Jacobs was elected as the Chairman of the Board effective upon the closing of the Equity Investment.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mary Kissel was appointed as Director at QXO, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stanley Wunderlich resigned as Director at QXO, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mark Meller, Kenneth Edwards, Stanley Wunderlich and John Schachtel resigned from the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Aiken was appointed as Director at QXO, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brad Jacobs was appointed as Director at QXO, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Schachtel resigned as Director at QXO, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mark Meller, Kenneth Edwards, Stanley Wunderlich and John Schachtel resigned from the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Allison Landry was appointed as Director at QXO, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Edwards resigned as Director at QXO, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mark Meller, Kenneth Edwards, Stanley Wunderlich and John Schachtel resigned from the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mario Harik was appointed as Director at QXO, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
View on SEC.gov
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