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): March 24, 2014
STOCK BUILDING SUPPLY HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 1-36050 | 26-4687975 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
8020 Arco Corporate Drive, Suite 400
Raleigh, North Carolina 27617
(Address of principal executive offices) (Zip Code)
(919) 431-1000
(Registrant’s telephone number, including area code)
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:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 24, 2014, James F. Drexinger, the Divisional President and General Manager - South Division of Stock Building Supply Holdings, Inc. (the “Company”), resigned from his position effective April 4, 2014.
In connection with Mr. Drexinger’s resignation, on March 26, 2014, Mr. Drexinger entered into a Separation Agreement with the Company. The agreement includes standard provisions relating to non-competition, non-solicitation, confidentiality and non-disparagement. Pursuant to the agreement, the Company agreed to make a one-time payment to Mr. Drexinger equal to $50,000 on the anniversary of the date of effectiveness of his resignation, provided that the Company is able to reasonably confirm compliance with the non-competition and non-solicitation provisions of the agreement.
SIGNATURE
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.
| STOCK BUILDING SUPPLY HOLDINGS, INC. | ||
| By | /s/ Bryan J. Yeazel | |
| Bryan J. Yeazel Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary | ||
Date: March 26, 2014