M&A - Builders FirstSource, Inc.
Form Type: DEF 14A
Filing Date: 2025-04-15
Corporate Action: Acquisition
Type: New
Accession Number: 000095017025054235
Filing Summary: Builders FirstSource, Inc. filed its Proxy Statement seeking stockholder votes for the annual meeting on May 27, 2025. The document highlights the company's resilient financial performance amidst challenging market conditions characterized by elevated interest rates. A focus on maximizing shareholder returns through strategic investments and acquisitions was emphasized, noting the successful execution of 13 acquisitions in 2024, which included the recently completed acquisition of Alpine Lumber Company, enhancing the company's footprint and service offerings. The proxy statement includes proposals for the election of directors, advisory votes on executive compensation, and various amendments to the Certificate of Incorporation to align with governance practices. The meeting will allow stockholders to engage directly and vote on crucial company matters, including the opportunity to provide feedback on executive compensation and the independence of audit practices.
Additional details:
Record Date: 2025-03-28
Meeting Date: 2025-05-27
Acquisition Details: Acquired Alpine Lumber Company, a 21-location business in Colorado and New Mexico, with estimated annual sales of $500 million.
Proxy Materials Available Date: 2025-04-15
Shareholder Buyback Amount: $1.5 billion
Total Acquisitions In 2024: 13
Form Type: PRE 14A
Filing Date: 2025-04-04
Corporate Action: Acquisition
Type: New
Accession Number: 000095017025051112
Filing Summary: Builders FirstSource, Inc. is soliciting proxies for its annual meeting scheduled for May 27, 2025. The meeting will address the election of directors, advisory votes on executive compensation, and various amendments to the Certificate of Incorporation, including declassifying the board of directors and modifying limits on the board's size and officer liability. The company emphasizes its strong financial position, successful cost-saving initiatives, and strategic acquisitions, including the recent acquisition of Alpine Lumber Company. The letter highlights the commitment to delivering shareholder value, a people-first culture, and corporate governance enhancements. Shareholders are urged to ensure their votes are represented, whether attending in person or voting by proxy in advance.
Additional details:
Stockholder Meeting Date: 2025-05-27
Acquisition Completed: 2025-01
Acquisition Target: Alpine Lumber Company
Acquisition Sales: 500 million
Share Repurchases: 1.5 billion
Outstanding Shares Repurchased Percentage: 46
2023 Acquisitions Count: 13
2023 Acquisitions Sales: 420 million
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