Business Context and Reporting Period
This Form 8-K Current Report was filed by Bluelinx Holdings Inc. on May 29, 2007. The filing addresses Item 5.02 regarding the appointment of certain officers and compensatory arrangements approved by the Compensation Committee of the Board of Directors.
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 executive compensation adjustments.
Material Changes
The Compensation Committee approved the following annual base salary levels for named executive officers effective for the 2007 fiscal year:
- David Dalton (Senior Vice President, West): $257,000
- Steven Skinner (Senior Vice President, Industrials): $255,000
The filing notes that salary levels for other executives were previously established:
- Stephen Macadam (CEO): $750,000 (set in employment agreement)
- Lynn Wentworth (CFO): $400,000 (set in employment agreement)
- George Judd (President and COO): $450,000 (approved February 23, 2007)
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document is limited to the disclosure of executive compensation approvals.
Investor Verification Checklist
- Verify the effective date of the salary increases for David Dalton and Steven Skinner.
- Confirm the total annual compensation package (including bonuses and equity) for the named executive officers.
- Review the employment agreements for Stephen Macadam and Lynn Wentworth to confirm the previously disclosed salary terms.