Siteone Landscape Supply, Inc. current report, 23 March 2017

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Business Context and Reporting Period

This Form 8-K Current Report was filed by SiteOne Landscape Supply, Inc. on March 23, 2017. The filing reports corporate governance changes effective as of the filing date, specifically regarding the composition of the Board of Directors and the Audit Committee.

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 appointments and does not contain financial performance data.

Material Changes

  • Board Expansion: The Board of Directors increased its size from nine to ten members.
  • New Director Appointment: Michael J. Grebe was appointed as a Class I Director, effective March 23, 2017. His term expires at the 2017 annual stockholders meeting.
  • Audit Committee Changes: Mr. Grebe was appointed to the Audit Committee, effective April 28, 2017. Concurrently, Kenneth A. Giuriceo resigned from the Audit Committee effective April 28, 2017.
  • Independence Status: The Board determined Mr. Grebe is "independent" under NYSE listing standards. Following the transition, the Audit Committee will be comprised entirely of independent directors.

Guidance, Outlook, and Risks

The filing contains no financial guidance, outlook, or management commentary regarding business operations. No specific risks or contingencies were disclosed in this report. Mr. Grebe is entitled to participate in the Company's non-employee director compensation plan and indemnification rights as described in the final prospectus filed on November 30, 2016.

Investor Verification Checklist

  • Verify the independence status of Michael J. Grebe under NYSE listing standards.
  • Review the final prospectus filed on November 30, 2016 (Registration No. 333-214628) for details on director compensation and indemnification rights.
  • Confirm the effective date of the Audit Committee composition change (April 28, 2017).
  • Check for any undisclosed transactions involving Mr. Grebe under Item 404(a) of SEC Regulation S-K (none were reported).