Business Context and Reporting Period
This Form 8-K Current Report was filed by Bluelinx Holdings Inc. on April 7, 2008. The filing addresses a specific corporate event regarding executive personnel changes rather than periodic financial results.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to a specific severance package:
- Severance Cash Payment: $297,581
- Accelerated Equity Vesting: 40,838 shares of restricted stock
- Continuing Benefits: Medical benefits through May 2009
Material Changes
The material change reported is the announced retirement of Barbara V. Tinsley from her positions as General Counsel and Secretary, effective May 1, 2008. This departure triggers a settlement agreement involving the cash payment and accelerated stock vesting detailed above.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on business outlook, or discussion of general risks and contingencies. The document is limited strictly to the notification of the executive departure and the terms of the associated settlement agreement.
Key Facts for Investor Verification
- Barbara V. Tinsley will retire as General Counsel and Secretary on May 1, 2008.
- The company has agreed to a cash severance of $297,581.
- 40,838 shares of restricted stock held by Ms. Tinsley will vest immediately upon her departure.
- Ms. Tinsley will receive medical benefits until May 2009.