Construction Partners elects CEO Fred J. Smith, III to Board of Directors

Construction Partners, Inc.

Board expanded from 7 to 8 directors; Smith elected Class I director, term until 2022 annual meeting.
Smith to receive no additional compensation for board role; remains President and CEO.
Related party transactions disclosed: $848K promissory note from Smith's brother; $8.6M paid to brother-in-law's entity in FY2021.
Smith personally assumed a $774K note from FSC in March 2021 at 4% interest with annual $100K minimum payments.

item 5.02 item 9.01

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Appointed

Fred J. Smith, III

Class I Director

ROAD · Construction Partners, Inc.

Effective: 2021-11-04
Filed: November 9, 2021, 6:59 PM ET

On November 4, 2021, the Board of Directors (the “Board”) of Construction Partners, Inc. (the “Company”), in accordance with the Company’s Amended and Restated Bylaws and upon the recommendation of the Board’s Nominating and Corporate Governance Committee, increased the size of the Board from seven (7) directors to eight (8) directors and elected Fred J. (Jule) Smith, III, the Company’s President and Chief Executive Officer, to fill the vacancy created by the increase in the size of the Board.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Fred J. Smith, III was elected as Class I Director at Construction Partners, Inc..

Action: elected
Role: Class I Director

Exact text from the filing

On November 4, 2021, the Board of Directors (the “Board”) of Construction Partners, Inc. (the “Company”), in accordance with the Company’s Amended and Restated Bylaws and upon the recommendation of the Board’s Nominating and Corporate Governance Committee, increased the size of the Board from seven (7) directors to eight (8) directors and elected Fred J. (Jule) Smith, III, the Company’s President and Chief Executive Officer, to fill the vacancy created by the increase in the size of the Board.

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Construction Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001718227-21-000100

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