Business Context and Reporting Period
This Form 8-K reports on the results of the annual meeting of stockholders for Builders Firstsource, Inc. held on May 22, 2019. The report was filed on May 28, 2019.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting. It does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
No material financial changes are reported in this document. The filing details the outcomes of shareholder votes on corporate matters.
Shareholder Voting Results and Governance
- Attendance: 101,277,145 shares were represented, constituting 87.62% of the voting power as of the March 29, 2019 record date.
- Director Elections: Stockholders elected the following directors for three-year terms:
- Daniel Agroskin: 93,057,152 votes in favor; 1,020,762 withheld.
- Floyd F. Sherman: 88,987,450 votes in favor; 5,090,464 withheld.
- M. Chad Crow: 93,266,127 votes in favor; 811,787 withheld.
- Executive Compensation (Say-on-Pay): In a non-binding vote, stockholders approved 2018 compensation with 92,769,736 votes in favor, 1,192,706 against, and 115,472 abstentions.
- Auditor Ratification: Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2019, with 100,570,677 votes in favor and 672,616 against.
Investor Verification Checklist
- Verify the specific terms of the newly elected directors' three-year tenure.
- Review the 2018 Annual Report (Form 10-K) for the detailed executive compensation package approved by shareholders.
- Confirm the scope of the audit engagement with PricewaterhouseCoopers LLP for the fiscal year ending December 31, 2019.
- Note the number of broker non-votes (7,199,231) which did not affect the outcome but indicate broker participation levels.