secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001580905-23-000047
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBP COO Jay P. Elliott retiring Dec 31, 2023; Brad Wheeler named successor effective Jan 1, 2024
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- Jay P. Elliott to retire as COO effective Dec 31, 2023; will serve as advisor on business strategy post-retirement.
- Brad A. Wheeler, Regional President since Jan 2015, appointed COO effective Jan 1, 2024.
- Wheeler joined IBP in 2010 as Regional Manager, oversaw operations in CO, TX, FL, GA; named President of Alpha companies June 2022.
- No written employment agreement for Wheeler; compensation adjustments pending Compensation Committee determination.
- Transition period from announcement to year-end to ensure smooth handover of responsibilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000158090523000047/0001580905-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000158090523000047/ibp-20230928.htm
  HTML page:      https://secwatch.observer/filing/0001580905-23-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer