Construction Partners, Inc. — fact timeline

Construction Partners, Inc. amended term loan of $300.0 million with Bank of America, N.A., as administrative agent at Level 1 Pricing reduced by 0.25% if consolidated first lien net leverage ratio i maturing November 1, 2031.

“the interest rate margins payable thereunder as described below (the “Refinancing Term Loans”) and (ii) provides for incremental term loans in the aggregate principal amount of $300.0 million (the “Incremental Term Loans” and, together with the Refinancing Term Loans, the “TLB Term Loans”). The TLB Amendment modified the Applicable Margin (as defined in the Amended”

Construction Partners, Inc. amended TLB Amendment with Bank of America, N.A., as administrative agent, BofA Securities, Inc., PNC Capital Markets LLC, Regions Capital Markets, a division of Regions Bank, and TD Securities (USA) LLC (effective 2026-06-18).

“On June 18, 2026, the TLB Loan Parties and the TLB Lenders entered into that certain Amendment No. 1 to Term Loan Credit Agreement (the “TLB Amendment,” and the Term Loan B Credit Agreement, as amended by the TLB Amendment, the “Amended Term Loan B Credit Agreement”).”

Construction Partners, Inc. amended revolving credit of from $500.0 million to $700.0 million with PNC Bank, National Association.

“the aggregate revolving credit commitments under the Amended Term Loan A / Revolver Credit Agreement were increased from $500.0 million to $700.0 million”

Construction Partners, Inc. amended Third Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent and lender, PNC Capital Markets LLC, as joint lead arranger and sole bookrunner, Regions Bank, BofA Securities, Inc., TD Bank, N.A. and City National Bank (effective 2026-06-03).

“the Loan Parties and the Lenders entered into that certain Sixth Amendment to the Third Amended and Restated Credit Agreement (the “Amendment,” and the Term Loan A / Revolver Credit Agreement, as amended by the Amendment, the “Amended Term Loan A / Revolver Credit Agreement”).”

Construction Partners, Inc. reported financial results for fiscal quarter ended March 31, 2026.

“On May 8, 2026, Construction Partners, Inc. issued a press release announcing its financial results for the fiscal quarter ended March 31, 2026.”

Construction Partners, Inc. amended credit facility of $400.0 million to $600.0 million with PNC Bank, National Association at base rate, Term SOFR or Daily Simple SOFR, plus an applicable margin percentage maturing June 28, 2030.

“Loan A / Revolver Credit Agreement”) to, among other things, (i) increase the existing revolving credit facility under the Existing Term Loan A / Revolver Credit Agreement from $400.0 million to $500.0 million (the “Increased Revolving Credit Facility”), (ii) increase the existing term loan facility under the Existing Term Loan A / Revolver Credit Agreement from”

Todd K. Andrews departed as Chief Accounting Officer and Principal Accounting Officer at Construction Partners, Inc..

“the individuals who were formerly officers and/or executive officers of the Company, M. Brett Armstrong, Robert P. Flowers and John L. Harper, each a Senior Vice President, and Todd K. Andrews, the Company’s Chief Accounting Officer and former principal accounting officer, remain employed with the Company in a full-time capacity”

John L. Harper departed as Senior Vice President at Construction Partners, Inc..

“the individuals who were formerly officers and/or executive officers of the Company, M. Brett Armstrong, Robert P. Flowers and John L. Harper, each a Senior Vice President, and Todd K. Andrews, the Company’s Chief Accounting Officer and former principal accounting officer, remain employed with the Company in a full-time capacity”

Robert P. Flowers departed as Senior Vice President at Construction Partners, Inc..

“the individuals who were formerly officers and/or executive officers of the Company, M. Brett Armstrong, Robert P. Flowers and John L. Harper, each a Senior Vice President, and Todd K. Andrews, the Company’s Chief Accounting Officer and former principal accounting officer, remain employed with the Company in a full-time capacity”

M. Brett Armstrong departed as Senior Vice President at Construction Partners, Inc..

“the individuals who were formerly officers and/or executive officers of the Company, M. Brett Armstrong, Robert P. Flowers and John L. Harper, each a Senior Vice President, and Todd K. Andrews, the Company’s Chief Accounting Officer and former principal accounting officer, remain employed with the Company in a full-time capacity”

J. Ryan Brooks was appointed as Senior Vice President and General Counsel at Construction Partners, Inc..

“J. Ryan Brooks Senior Vice President and General Counsel”

Robert G. Baugnon was appointed as Senior Vice President, Personnel and Administration at Construction Partners, Inc..

“Robert G. Baugnon Senior Vice President, Personnel and Administration”

N. Nelson Fleming, IV was appointed as Senior Vice President, Strategy and Business Development at Construction Partners, Inc..

“N. Nelson Fleming, IV Senior Vice President, Strategy and Business Development”

Gregory A. Hoffman changed role as Senior Vice President and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) at Construction Partners, Inc..

“Gregory A. Hoffman, who assumed the role of the Company’s principal accounting officer in addition to his existing role of principal financial officer”

Construction Partners, Inc. completed an acquisition involving Asphalt Inc., LLC (doing business as Lone Star Paving) for $654.2 million in cash and 3.0 million shares of Class A Common Stock (closed 2024-11-01).

“the Company completed its previously announced Acquisition of Lone Star pursuant to the Purchase Agreement. The aggregate consideration delivered at the Closing consisted of (i) $654.2 million in cash (as adjusted pursuant to the Purchase Agreement) and (ii) 3.0 million shares (the “Closing CPI Shares”) of the Company’s Class A common stock, par value $0.001 per share”

Construction Partners, Inc. reported fiscal second quarter ended March 31, 2024 results: revenue $371.4 million, net income $1.1 million. Guidance raised.

“Revenues were $371.4 million in the second quarter of fiscal 2024, an increase of 14% compared to $324.8 million in the same quarter last year.”

Construction Partners, Inc. shareholders approved Approval of the 2018 Plan Amendment at the 2024-03-20 meeting.

“Proposal 4 : Approval of the 2018 Plan Amendment Votes For Votes Against Broker Non-Votes Abstentions 125,251,637 2,240,726 2,202,700 18,268”

Construction Partners, Inc. shareholders approved Approval of Adoption of the 2024 Restricted Stock Plan at the 2024-03-20 meeting.

“Proposal 3 : Approval of Adoption of the 2024 Restricted Stock Plan Votes For Votes Against Broker Non-Votes Abstentions 107,239,829 20,254,324 2,202,700 16,478”

Construction Partners, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accountants at the 2024-03-20 meeting.

“Proposal 2 : Ratification of Appointment of Independent Registered Public Accountants Votes For Votes Against Abstentions 129,663,167 48,414 1,750”

Construction Partners, Inc. shareholders approved Election of Class III Directors at the 2024-03-20 meeting.

“Proposal 1 : Election of Class III Directors Name Votes For Withhold Authority Broker Non-Votes Michael H. McKay 111,555,282 15,955,349 2,202,700 Stefan L. Shaffer 116,266,693 11,243,938 2,202,700 Noreen E. Skelly 117,240,252 10,270,379 2,202,700”

Construction Partners, Inc. reported fiscal first quarter ended December 31, 2023 results: revenue $396.5 million, net income $9.8 million, EPS $0.19. Guidance reaffirmed.

“team’s hard work, operational proficiency, dedication to detail and focus on safety continue to support CPI’s strategic priorities outlined in our ROAD-Map 2027.” Revenues were $396.5 million in the first quarter of fiscal 2024, an increase of 16% compared to $341.8 million in the same quarter last year. The increase included $29.6 million of revenues attributable to”

Construction Partners, Inc. updated its the fiscal quarter and fiscal year ended September 30, 2023 guidance (reaffirmed).

“Construction Partners, Inc. issued a press release announcing its financial results for the fiscal quarter and fiscal year ended September 30, 2023. A copy of the press release is furnished as Exhibit 99.1 hereto”

Construction Partners, Inc. reported fiscal year ended September 30, 2023 results: revenue $1.547 billion to 1.557 billion, net income $44.8 million to $47.0 million. Guidance initiated.

“Day event either in person or through the webcast link on our website.” Preliminary Fiscal 2023 Financial Results Revenue in fiscal 2023 is expected to be in the range of $1.547 billion to 1.557 billion, compared to $1.30 billion in fiscal 2022. Net income in fiscal 2023 is expected to be in the range of $44.8 million to $47.0 million, compared to $21.4 million”

Construction Partners, Inc. reported the fiscal quarter ended June 30, 2023 results: revenue $421.9 million, net income $21.7 million. Guidance raised.

“revenue and operate in a more stable cost environment. All of these factors continue to support our bullish outlook for near- and long-term profitable growth.” Revenues were $421.9 million in the third quarter of fiscal 2023, an increase of 11% compared to $380.3 million in the same quarter last year. Excluding the impact of approximately $10 million of additional”

Construction Partners, Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $324.9 million, net income Net loss was $5.5 million. Guidance raised.

“cost recovery. Now, as we enter our busy work season, our pre-inflationary backlog is largely complete, and we are right on track with our annual plan for FY23.” Revenues were $324.9 million in the second quarter of fiscal 2023, an increase of 33.5% compared to $243.4 million in the same quarter last year. The mix of total revenue growth for the quarter was”

R. Alan Palmer changed role as Executive Vice President and Chief Financial Officer at Construction Partners, Inc..

“The Company’s current Executive Vice President and Chief Financial Officer, R. Alan Palmer, will remain with the Company following the transition in an advisory and mentoring role.”

Gregory A. Hoffman was appointed as Chief Financial Officer at Construction Partners, Inc..

“On March 6, 2023, Construction Partners, Inc. (the “Company”) announced that, effective following the close of business on March 31, 2023, the Company’s Senior Vice President of Finance, Gregory A. Hoffman, will transition to the role of Chief Financial Officer of the Company, including the role of principal financial officer.”

Construction Partners, Inc.: Stockholders approved an amendment to the Amended and Restated Certificate of Incorporation to eliminate personal liability of officers for monetary damages for breach of fiduciary duty, as permitted by Delaware law (effective 2023-02-23).

“At the annual meeting of stockholders (the “Annual Meeting”) of Construction Partners, Inc. (the “Company”) held on February 23, 2023, as described below, the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to eliminate the personal liability of the Company’s officers for monetary damages for breach of fiduciary duty as an officer, to the extent permitted by the Delaware General Corporation Law (the “Amendment”). The Amendment became effective upon the Company’s filing of a Certificate of Amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware on February 23, 2023 (“Certificate of Amendment”).”

Construction Partners, Inc. shareholders approved Approval of Amendment to the Company’s Amended and Restated Certificate of Incorporation to Limit the Liability of Certain Officers of the Company at the 2023-02-23 meeting.

“Proposal 3 : Approval of Amendment to the Company’s Amended and Restated Certificate of Incorporation to Limit the Liability of Certain Officers of the Company Votes For Votes Against Broker Non-Votes Abstentions 120,688,027 30,203,831 1,642,180 20,066”

Construction Partners, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accountants at the 2023-02-23 meeting.

“Proposal 2 : Ratification of Appointment of Independent Registered Public Accountants Votes For Votes Against Abstentions 152,512,260 37,334 4,510”

Construction Partners, Inc. shareholders approved Election of Class II Directors at the 2023-02-23 meeting.

“Proposal 1 : Election of Class II Directors Name Votes For Withhold Authority Broker Non-Votes Craig Jennings 136,786,788 14,125,136 1,642,180 Mark R. Matteson 118,915,850 31,996,074 1,642,180”

Construction Partners, Inc. reported fiscal quarter ended December 31, 2022 results: revenue $341.8 million, net income $1.9 million. Guidance raised.

“half of our year this spring and summer. Therefore, we are revising our annual guidance for fiscal 2023, and after the first quarter, we are right on track.” Revenues were $341.8 million in the first quarter of fiscal 2023, an increase of 20% compared to $285.0 million in the same quarter last year. The increase included $32.1 million of revenues attributable to”

Construction Partners, Inc. updated its fiscal year 2023 guidance (initiated).

“Today we are introducing our fiscal year 2023 outlook that reflects confidence in the continuation of solid growth supported by strong customer demand and project funding, even as we will continue to battle the uncertainty of supply chain disruptions still present in the economy.”

Construction Partners, Inc. reported the fiscal year ended September 30, 2022 results: revenue $1.30 billion, net income $21.4 million.

“Fiscal 2022 revenues were $1.30 billion, an increase of 43% compared to $910.7 million for fiscal 2021. Gross profit was $139.3 million in fiscal 2022, compared to $119.9 million in fiscal 2021. General and administrative expenses were $107.6 million for fiscal 2022, compared to $91.9 million in fiscal 2021. General and administrative expenses as a percentage of total revenue in fiscal 2022 were 8.3%, compared to 10.1% in fiscal 2021. Net income was $21.4 million for fiscal 2022, an increase of 5.9% compared to net income of $20.2 million in fiscal 2021.”

Construction Partners, Inc. reported the fiscal quarter ended September 30, 2022 results: revenue $393.1 million.

“In the fourth quarter, revenue grew 41 percent to a record $393.1 million, and Adjusted EBITDA was a record $39.4 million, an increase of 45 percent compared to the same quarter last year.”

Construction Partners, Inc. amended First Amendment to Third Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent and lender, PNC Capital Markets LLC, Regions Bank, BofA Securities, Inc., and certain other lenders valued at up to $10,000,000 (effective 2022-11-17).

“On November 17, 2022, Construction Partners, Inc. (the “Company”) and each of its wholly owned subsidiaries (collectively, the “Borrowers”) entered into a First Amendment to Third Amended and Restated Credit Agreement with PNC Bank, National Association, as successor to BBVA USA, as administrative agent and lender, PNC Capital Markets LLC, as joint lead arranger and sole bookrunner, Regions Bank and BofA Securities, Inc., each as a joint arranger, and certain other lenders party thereto (the “Amendment” and the “Credit Agreement,” respectively).”

Construction Partners, Inc.: Amended and restated bylaws effective immediately, with changes including hybrid meetings, updated DGCL provisions, enhanced stockholder nomination and proposal procedures, removal of annual officer election requirement, and other updates (effective 2022-11-03).

“On November 3, 2022, the Board adopted amended and restated by-laws of the Company (the by-laws, as so amended and restated, the “Amended and Restated By-Laws”), effective immediately. The Amended and Restated By-Laws, among other things: • clarify that meetings of stockholders may be held in a hybrid in-person and virtual format; • modify the provisions relating to adjournment procedures and lists of stockholders entitled to vote at stockholder meetings, in each case, to reflect recent amendments to the Delaware General Corporation Law, as amended (the “DGCL”); • clarify the parameters for proxies in connection with stockholder meetings; • clarify that written consents of the Board may be documented, signed and delivered in any manner permitted by Section 116 of the DGCL; • enhance procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submissions of stockholder proposals (other than proposals to be included in the Company’s proxy”

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

“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.”