Messrs. Daniel Agroskin, David Bullock, and Floyd Sherman will each retire as a member of the Board of Directors (the “Board”) of Builders FirstSource, Inc. (the “Corporation”) effective immediately upon completion of the Corporation’s 2022 Annual Meeting of Stockholders to be held on June 14, 2022 (the “Annual Meeting”). Each of Messrs. Agroskin, Bullock, and Sherman currently serves as a Class II director with a term expiring at the Annual Meeting. The Corporation will reduce the size of the Board to ten at that time. None of the retirement of Messrs. Agroskin, Bullock, or Sherman was due to any disagreement with respect to the operations, policies, or practices of the Corporation.
ITEM 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On April 28, 2022, the Board amended the Corporation’s Amended and Restated
By-Laws
(the “Bylaws”), effective as of April 28, 2022, in order to implement proxy access provisions allowing stockholders to nominate candidate(s) to serve on the Board and be included in the Corporation’s proxy statement, subject to certain rules and requirements. Pursuant to the proxy access provision, inserted at Section 16 of Article II in the Bylaws, a stockholder or a group of no more than twenty (20) stockholders owning three percent (3%) or more of the voting power of the Corporation’s outstanding capital stock continuously for at least three (3) years may nominate and include director nominees constituting up to the greater of two (2) individuals or twenty percent (20%) of the number of directors in office in the Corporation’s proxy statement for an annual meeting, provided that the stockholders satisfy the requirements specified in the Bylaws. The Bylaws also include modifications to the advance notice provisions.
The preceding description does not purport to be complete and is qualified in its entirety by reference to the full text of the Bylaws, a copy of which is attached hereto as Exhibit 3.1 and incorporated herein by reference.
ITEM 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
3.1
Amended and Restated
By-Laws
of Builders FirstSource, Inc.
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
BUILDERS FIRSTSOURCE, INC.
By:
/s/ Timothy D. Johnson
Name:
Timothy D. Johnson
Title:
Executive Vice President,
General Counsel and Corporate Secretary
Dated: April 28, 2022
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