Content about Securities and Exchange Commission

August 5, 2013

Jerald W. Richards resigned from his position as chief accounting officer of Weyerhaeuser to become CFO of another company, according to Weyerhaeuser filing with the Securities and Exchange Commission Monday. 

June 11, 2013

William Crowley, chairman of the board of directors of San Jose, Calif.-based Orchard Supply Hardware, resigned as a Class A Director of the company.

The resignation was announced in an Orchard Supply filing with the Securities and Exchange Commission.

December 17, 2012

In a Securities and Exchange Commission (SEC) document filed on Dec. 17, USG Corp. and its subsidiary, United States Gypsum Co., disclosed that they have been named, along with seven other wallboard manufacturers, as defendants in a purported class-action complaint filed in the U.S. District Court for the Northern District of Illinois.

December 6, 2012

The board of directors of Masco Corp. has appointed Donald Parfet as a director, according to a Dec. 4 filing with the Securities and Exchange Commission. He will serve on the board’s audit committee.

Parfet, 60, is the managing director of Apjohn Group, a business development company, and a general partner of Apjohn Ventures Fund Limited Partnership, a venture capital fund. He currently serves on the boards of directors of Kelly Services and Rockwell Automation.

December 3, 2012

In a Dec. 3 filing with the Securities and Exchange Commission (SEC), Louisiana-Pacific (LP) announced it will receive a $20 million payment from Deutsche Bank Securities to settle a lawsuit between the two companies. Deutsche Bank Securities will pay the sum without admitting any liability or wrong-doing, and LP will dismiss the legal proceedings with prejudice. Each company will release the other from all claims and liabilities arising out of the sale and purchase of the auction rate securities.

October 16, 2012

In an Oct. 15 filing with the Securities and Exchange Commission (SEC), Boise Cascade Holdings posted an estimate of the results for its third fiscal quarter, which ended Sept. 30, 2012.

Segment sales in the building materials distribution division were between $595 million and $615 million, with wood products accounting for another $255 million to $265 million. Net income was reported at $21.5 million to $25.1 million.

July 27, 2012

Masco Corp., which was scheduled to go to trial on July 23 in a class-action suit filed by insulation installers, has decided to settle the case for $75 million, according to a July 26 filing with the Securities and Exchange Commission (SEC). The Taylor, Mich., firm, one of the nation’s largest installers of insulation, issued the following statement in its filing: 

June 25, 2012

Doyle Simons, the former chairman and CEO of Temple-Inland, has joined the board of directors of Weyerhaeuser, effective June 29, 2012, according to a filing with the Securities and Exchange Commission (SEC). The 49-year-old executive held various positions with Temple-Inland, including executive VP from 2005 through 2007 and chief administrative officer from 2003 to 2005. He became CEO and chairman in 2008 and served until February 2012, when Temple-Inland was acquired by International Paper Co.

June 18, 2012

Home products manufacturer Masco Corp. has promoted Jai Shah as its new VP human resources, replacing the retiring Charles Greenwood, according to a June 12 filing with the Securities and Exchange Commission (SEC).

Shah, 46, joined Masco in 2003 and most recently served as the company’s VP finance, retail/wholesale platform.

Greenwood will continue with Masco until 2013 to help ensure a smooth transition, the announcement said.

May 7, 2012

Builders FirstSource, the Dallas-based pro dealer, posted net sales of $219.4 million for its first fiscal quarter of 2012, a 34.7% hike over sales of $162.8 million in the same quarter of 2011. The increase was primarily due to increased sales volume as commodity prices for lumber and lumber sheet goods in the quarter were, on average, comparable to the same period a year ago, the company said.

May 1, 2012

Sears Holdings Corp. filed documents with the Securities and Exchange Commission (SEC) on April 30 indicating its plans to spin off its Hometown and Outlet stores into a separate company, according to an article in the Chicago Tribune.

March 2, 2012

Brad Leist, the VP, controller and principal accounting officer at Builders FirstSource, has resigned his position to pursue other opportunities, according to a Feb. 28 filing with the Securities and Exchange Commission (SEC). Until the company fills that position, Chad Crow, senior VP and CFO at Builders FirstSource, will serve as the acting principal accounting officer.

February 22, 2012

Brenda McCormick, Valspar’s assistant controller and senior finance director, was promoted to Controller, according to a Feb. 16 filing with the Securities and Exchange Commission (SEC). McCormick also served as  finance director at Valspar. 

In previous experience, McCormick held positions as director financial reporting, planning and analysis at Lawson Software and director financial reporting - consumer products at International Multifoods.

November 15, 2011

Donald DeMarie Jr., executive VP and chief operating officer of Masco, has left the company “to pursue other opportunities,” according to a Nov. 10 filing with the Securities and Exchange Commission (SEC). DeMarie’s departure was effective Nov. 4.

Masco and DeMarie are working together to ensure a smooth transition, according to the SEC filing.

October 5, 2011

Boise Cascade has entered into a three-year retention agreement with its current CEO, Thomas Carlile, according to an Oct. 5 filing with the Securities and Exchange Commission  (SEC). The employment agreement extends to Sept. 30, 2014.

The SEC filing also announced the retirement of David Gadda, the company's VP legal, effective Dec. 31, 2011.

September 21, 2011

Owens Corning has added John Williams, the president and CEO of Domtar, as its newest director, according to a filing with the Securities and Exchange Commission (SEC). Williams was elected after the Owens Corning board decided to increase its size by one member. His term expires in 2014.

Williams will serve on the audit and finance committees.

Domtar Corp. is a Montreal-based producer of paper and pulp products. 

September 1, 2011

The Securities and Exchange Commission (SEC) has announced a settlement with the former chief financial officer of Beazer Homes USA to recover his bonus compensation and stock sale profits from the period when the Atlanta-based home builder was committing accounting fraud, according to an Aug. 30 announcement. 

August 30, 2011

USG Corp., a manufacturer of Sheetrock and other building materials, will close eight of its L&W Supply distribution branches by the end of the third quarter, according to an Aug. 25 filing with the Securities and Exchange Commission (SEC). The Chicago–based company will also shutter its Nevada custom door and frame business.

August 24, 2011

Scott Freidheim, president of the Craftsman, Kenmore and DieHard brands at Sears Holdings, has resigned, according to an Aug. 23 filing with the Securities and Exchange Commission (SEC). Freidheim, who took over the position seven months ago, is leaving on Sept. 2 “to pursue another opportunity,” the SEC filing said.

April 26, 2011

In an effort to raise $60 million, building products distributor BlueLinx has announced it will commence a rights offering of common stock to its stockholders. The proceeds will be used to pay down debt and fund working capital, the company said in an April 26 filing with the Securities and Exchange Commission (SEC). 

April 12, 2011

HD Supply is exploring “strategic alternatives” with respect to its plumbing and HVAC business, according to a filing with the Securities and Exchange Commission. The April 8 filing did not elaborate on the possibilities, except to say that it notified its employees on April 5. 

April 5, 2011

In connection with a recent offering of senior secured notes, Builders FirstSource filed financial results for the fist two months of 2011 with the Securities and Exchange Commission (SEC) on April 5.

Sales for January and February 2011 were $95.7 million, a 4.2% increase over sales of $91.8 million for the two months ended Feb. 28, 2010. Lumber commodity prices were comparable over these same periods, and single-family housing starts declined 19.8% in its markets during January and February.

March 28, 2011

Stephen Krull, senior VP and general counsel of Owens Corning, has resigned, effective immediately, to pursue another opportunity, according to a Match 28 filing with the Securities and Exchange Commission (SEC). 

Krull will work with the company to ensure an orderly transition in responsibilities, the SEC document said. Owens Corning also announced that it has appointed John Christy as the interim general counsel. 

February 25, 2011

Huttig Building Products, the St. Louis-based distributor, reported net sales of $467.7 million for fiscal 2010, a 2.7% increase from net sales of $455.2 million the previous year, according to an annual report filed with the Securities and Exchange Commission.

Net loss for the fiscal year, which ended Dec. 31, 2010, was $18.9 million, compared with $20.5 million in 2009.

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