Business Context and Reporting Period
This Form 8-K Current Report was filed by Builders FirstSource, Inc. on November 17, 2009. The report addresses a significant change in the company's executive leadership, specifically the departure of the Chief Financial Officer and the appointment of a successor.
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 personnel changes and does not contain financial performance data.
Material Changes
- Departure: Charles Horn resigned as Senior Vice President and Chief Financial Officer, effective November 23, 2009.
- Appointment: M. Chad Crow was named Senior Vice President and Chief Financial Officer, effective November 23, 2009.
- Successor Background: Mr. Crow, age 41, had been with the company since September 1999, most recently serving as Vice President - Controller since May 2000. He is a C.P.A. with prior experience at Pier One Imports and PriceWaterhouse.
Guidance, Outlook, and Management Commentary
The filing does not contain financial guidance, market outlook, or general management commentary regarding business operations. Regarding the new CFO appointment, the Compensation Committee will review Mr. Crow's compensation and make a recommendation to the Board of Directors regarding any appropriate changes.
Key Facts for Investor Verification
- Confirm the effective date of the CFO transition (November 23, 2009).
- Verify the internal tenure and prior roles of the new CFO, M. Chad Crow.
- Monitor future filings for the outcome of the Compensation Committee's review of the new CFO's compensation package.
- Note that this filing contains no financial results; investors should refer to the most recent 10-Q or 10-K for financial data.