Builders FirstSource, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held on May 22, 2013. The filing covers corporate governance matters, specifically the election of directors and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on shareholder voting results.
Material Changes
No material financial changes are reported in this document. The primary events are the successful election of three new directors and the ratification of the external auditor.
Management Commentary and Governance Results
- Attendance: 92,814,376 shares were represented, constituting 95.8% of the voting power as of the April 1, 2013 record date.
- Director Elections:
- Mr. Daniel Agroskin: Elected (80,048,207 votes in favor; 6,684,113 withheld).
- Mr. Kevin J. Kruse: Elected (78,107,107 votes in favor; 8,625,213 withheld).
- Mr. Floyd F. Sherman: Elected (81,526,532 votes in favor; 5,205,788 withheld).
- There were 6,082,056 broker non-votes regarding the director elections.
- Continuing Directors: Paul S. Levy, David A. Barr, Cleveland A. Christophe, and Craig A. Steinke continue until the 2014 meeting. Michael Graff, Robert C. Griffin, and Brett N. Milgrim continue until the 2015 meeting.
- Auditor Ratification: PricewaterhouseCoopers LLP was ratified for the year ending December 31, 2013 (92,380,827 votes in favor; 431,287 against; 2,262 abstentions).
Investor Verification Checklist
- Verify the total number of outstanding shares to confirm the 95.8% attendance rate.
- Review the proxy statement for details on the specific qualifications of the newly elected directors.
- Check subsequent filings for the company's Q2 2013 financial results, as this 8-K contains no financial data.
- Confirm the terms of the continuing directors to ensure accurate tracking of future election cycles.