COO Alexander Averitt to resign effective July 9; separation agreement includes $500K severance

BlueLinx Holdings Inc.

COO Alexander Averitt resigned effective July 9, 2021; no successor named.
Separation includes $500,000 severance, pro rata 2021 bonus, and continued health coverage for one year.
2,084 RSUs from 2019 and 12,000 RSUs from 2020 will vest; all other unvested RSUs forfeited.
Executive agrees to non-compete obligations and 12-month cooperation period.

item 5.02 item 9.01

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Departed

Alexander Averitt

Chief Operating Officer

BXC · BlueLinx Holdings Inc.

Effective: 2021-07-09
Filed: July 1, 2021, 7:59 PM ET

On June 25, 2021, Alexander Averitt, Chief Operating Officer of BlueLinx Holdings Inc. (“BlueLinx” or the “Company”), notified the Company of his decision to resign from the Company, effective as of July 9, 2021 (the “Termination Date”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Alexander Averitt resigned as Chief Operating Officer at BlueLinx Holdings Inc..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

On June 25, 2021, Alexander Averitt, Chief Operating Officer of BlueLinx Holdings Inc. (“BlueLinx” or the “Company”), notified the Company of his decision to resign from the Company, effective as of July 9, 2021 (the “Termination Date”).

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Source: SEC EDGAR

accession 0001301787-21-000088

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