UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  April 29, 2019

 

TopBuild Corp.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

 

001-36870

 

47-3096382

(State or Other Jurisdiction of
Incorporation)

 

(Commission File
Number)

 

(IRS Employer Identification No.)

 

475 North Williamson Boulevard
Daytona Beach, Florida 32114

 

(Address of Principal Executive Office)

 

 

Registrant’s telephone number, including area code (386) 304-2200

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o                                     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                                     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                                     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 


 

ITEM 5.03                                   Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On April 29, 2019, at the Annual Meeting of Shareholders (the “ Annual Meeting ”) of TopBuild Corp., a Delaware corporation (the “ Company ”), the Company’s shareholders approved amendments to the Company’s Amended and Restated Certificate of Incorporation to (i) reduce the affirmative vote of holders of the Company’s outstanding securities, voting as a single class, required to adopt, amend or repeal the Company’s Bylaws from 66 2/3% to a majority, (ii) reduce the affirmative vote of holders of the Company’s outstanding voting securities, voting as a single class, required to adopt, amend or repeal certain provisions of the Company’s Amended and Restated Certificate of Incorporation from 66 2/3% to a majority and (iii) provide that the Company is no longer obligated to indemnify persons other than directors and officers (the “ Charter Amendment ”), in each case as described in the Company’s 2019 Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 20, 2019.  The Charter Amendment was filed with the Secretary of State of the State of Delaware on April 29, 2019 and became effective on such date.  The Charter Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference in this Item 5.03.

 

ITEM 5.07                                   Submission of Matters to a Vote of Security Holders.

 

The final voting results for each of the proposals submitted to a vote of the Company’s shareholders at the Annual Meeting are as follows:

 

Proposal 1:                                    Election of Alec C. Covington, Gerald Volas, Carl T. Camden, Joseph S. Cantie, Tina M. Donikowski, Mark. A Petrarca and Nancy M. Taylor as Directors to serve until the Company’s 2020 Annual Meeting of Shareholders.

 

 

 

Votes “For”

 

Votes
“Against”

 

Abstentions

 

Broker
Non-Votes

Alec C. Covington

 

30,307,895

 

848,964

 

6,376

 

1,468,975

Gerald Volas

 

31,099,147

 

58,319

 

5,769

 

1,468,975

Carl T. Camden

 

30,815,654

 

341,086

 

6,495

 

1,468,975

Joseph S. Cantie

 

30,829,696

 

326,300

 

7,239

 

1,468,975

Tina M. Donikowski

 

30,723,005

 

434,517

 

5,713

 

1,468,975

Mark A. Petrarca

 

30,663,604

 

493,084

 

6,547

 

1,468,975

Nancy M. Taylor

 

30,827,224

 

329,929

 

6,082

 

1,468,975

 

Proposal 2:                                    Proposal to amend the Company’s Amended and Restated Certificate of Incorporation to reduce the affirmative vote of holders of the Company’s outstanding securities, voting as a single class, required to adopt, amend or repeal the Bylaws from 66 2/3% to a majority.

 

Votes “For”

 

Votes
“Against”

 

Abstentions

 

Broker
Non-Votes

31,116,133

 

35,063

 

12,039

 

1,468,975

 

Proposal 3:                                    Proposal to amend the Company’s Amended and Restated Certificate of Incorporation to reduce the affirmative vote of holders of the Company’s outstanding voting securities, voting as a single class, required to adopt, amend or

 

2


 

repeal certain provisions of the Amended and Restated Certificate of Incorporation from 66 2/3% to a majority.

 

Votes “For”

 

Votes
“Against”

 

Abstentions

 

Broker
Non-Votes

31,109,881

 

40,992

 

12,362

 

1,468,975

 

Proposal 4:                                    Proposal to amend the Company’s Amended and Restated Certificate of Incorporation to provide that the Company is no longer obligated to indemnify persons other than directors and officers.

 

Votes “For”

 

Votes
“Against”

 

Abstentions

 

Broker
Non-Votes

30,944,047

 

110,496

 

108,692

 

1,468,975

 

Proposal 5:                                    Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the 2019 fiscal year.

 

Votes “For”

 

Votes
“Against”

 

Abstentions

 

Broker
Non-Votes

32,568,502

 

53,944

 

9,764

 

 

Proposal 6:                                    Approval of a non-binding advisory resolution regarding the compensation of the Company’s named executive officers.

 

Votes “For”

 

Votes
“Against”

 

Abstentions

 

Broker
Non-Votes

30,545,239

 

602,084

 

15,912

 

1,468,975

 

Item 9.01                                            Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit
Number

 

Description

3.1

 

Certificate of Amendment

 

3


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

TOPBUILD CORP.

 

 

Date:  April 30, 2019

By:

/s/ John S. Peterson

 

 

John S. Peterson

 

 

Vice President and Chief Financial Officer

 

4


Exhibit 3.1

 

CERTIFICATE OF AMENDMENT

to the

AMENDED AND RESTATED

CERTIFICATE OF INCORPORATION

of

TOPBUILD CORP.

 

Pursuant to and in accordance with Section 242 of the Delaware General Corporation Law, TopBuild Corp., a corporation organized and existing under the laws of the State of Delaware (the “ Corporation ”), does hereby certify as follows:

 

1.                                       Article 5 of the Corporation’s Amended and Restated Certificate of Incorporation, as amended (the “ Certificate ”), is hereby amended and restated in its entirety to read as follows:

 

Article 5
BYLAWS

 

The Board of Directors shall have the power to adopt, amend or repeal the bylaws of the Corporation (the “ Bylaws ”).

 

The stockholders may adopt, amend or repeal the Bylaws only with the affirmative vote of the holders of not less than a majority of the voting power of all outstanding securities of the Corporation generally entitled to vote in the election of directors, voting together as a single class.

 

2.                                       Section 9.01, Section 9.02 and Section 9.03 of Article 9 of the Certificate are hereby amended and restated in their entirety to read as follows:

 

“Section 9.01                      Limited Liability.  A member of the Board of Directors of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of such director’s duty of loyalty to the Corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of Delaware Law, or (iv) for any transaction from which such director derived an improper personal benefit.  If Delaware Law hereafter is amended to authorize the further limitation or elimination of the liability of directors, then the liability of a member of the Board of Directors of the Corporation, in addition to the limitation on liability provided herein, shall be limited to the fullest extent permitted by Delaware Law.

 

Section 9.02.                          Right to Indemnification.  (a) Each person (and the heirs, executors or administrators of such person) who was or is a party or is threatened to be made a party to, or is involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was a member of the Board of Directors or officer of the Corporation or is or was serving at the request of the Corporation as a member of the board of directors or officer of another corporation, partnership, joint venture, trust or other enterprise, shall be indemnified and held harmless by the Corporation to the fullest extent permitted by Delaware Law, against all expense, liability and loss (including,

 


 

without limitation, attorneys’ fees, judgments, fines and amounts paid in settlement) reasonably incurred or suffered by such person in connection therewith.  The Corporation shall indemnify such director or officer in connection with an action, suit or proceeding (other than an action, suit or proceeding to enforce indemnification rights provided for herein or elsewhere) initiated by such director or officer only if such action, suit or proceeding was authorized by the Board of Directors.  The right to indemnification conferred in this Article 9 shall also include the right to be paid by the Corporation the expenses incurred in connection with any such proceeding in advance of its final disposition; provided, however, that, if the Delaware Law requires, the payment of such expenses incurred by such director or officer in such person’s capacity as a director or officer (and not in any other capacity in which service was or is rendered by such person) in advance of the final disposition of an action, suit or proceeding shall be made only upon delivery to the Corporation of an undertaking, by or on behalf of such member of the Board of Directors of the Corporation or any subsidiary of the Corporation or officer, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal that such director or officer is not entitled to be indemnified for such expenses under this Article 9 or otherwise. The right to indemnification conferred in this Article 9 shall be a contract right.

 

(b)                                  The Corporation may, by action of its Board of Directors, provide indemnification and advancement of expenses to such employees and agents of the Corporation to such extent and to such effect as the Board of Directors shall determine to be appropriate and authorized by Delaware Law.

 

Section 9.03.                          Insurance.  The Corporation shall have power to purchase and maintain insurance on behalf of any person who is or was a member of the Board of Directors of the Corporation, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a member of the board of directors, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss incurred by such person in any such capacity or arising out of such person’s status as such, whether or not the Corporation would have the power to indemnify such person against such liability under Delaware Law.

 

3.                                       Article 11 of the Certificate is hereby amended and restated in its entirety to read as follows:

 

Article 11
AMENDMENTS

 

The Corporation reserves the right to amend this Certificate of Incorporation in any manner permitted by the Delaware Law and all rights and powers conferred upon stockholders, directors and officers herein are granted subject to this reservation.  Except as otherwise set forth in this Certificate of Incorporation, no provision of this Certificate of Incorporation may be adopted, amended or repealed, unless such action is approved by the affirmative vote of the holders of not less than a majority of the total voting power of all outstanding securities of the Corporation generally entitled to vote in the election of directors, voting together as a single class.

 

4.                                       The foregoing amendments have been duly adopted in accordance with Section 242

 


 

of the Delaware General Corporation Law.

 

[Remainder of page left intentionally blank — signature page follows]

 


 

IN WITNESS WHEREOF , the Corporation has caused this Certificate to be executed by its undersigned officer this 29 th  day of April, 2019.

 

 

TOPBUILD CORP.

 

 

 

By:

/s/ Joe Jacumin

 

 

Joe Jacumin, Assistant Secretary