Business Context and Reporting Period
This Form 8-K reports on the annual meeting of stockholders for Builders FirstSource, Inc., held on May 23, 2012. The filing details the election of directors and the ratification of the independent registered public accounting firm.
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 corporate governance matters.
Material Changes
No material financial changes are reported in this filing. The primary events are the results of shareholder votes regarding board composition and auditor selection.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, or management commentary regarding future financial performance. It notes that three directors were elected for three-year terms and that the appointment of PricewaterhouseCoopers LLP was ratified for the fiscal year ending December 31, 2012.
Important Facts for Investors to Verify
- Shareholder Participation: 95.6% of voting power was represented at the annual meeting.
- Director Elections: Michael Graff, Robert C. Griffin, and Brett N. Milgrim were elected as directors. Significant votes were withheld for Mr. Graff (3,478,262) compared to the other two nominees.
- Broker Non-Votes: There were 5,423,188 broker non-votes regarding the election of directors.
- Auditor Ratification: PricewaterhouseCoopers LLP was ratified with 92,298,978 votes in favor, 104,286 against, and 28,370 abstentions.
- Board Tenure: Existing directors Daniel Agroskin, Kevin J. Kruse, and Floyd F. Sherman are next up for re-election in 2013, while Paul S. Levy, David A. Barr, Cleveland A. Christophe, and Craig A. Steinke are next up in 2014.