TopBuild Corp
TopBuild Corp Announces Temporary Trading Suspension for 401(k) Plan Due to Acquisition
Summary
TopBuild Corp has announced a temporary suspension of trading under its 401(k) Plan due to the acquisition by QXO, Inc. This suspension, known as a blackout period, will prevent participants from trading in TopBuild equity securities from June 24, 2026, until the effective time of the Merger, which is expected to end on July 1, 2026. The suspension also applies to directors and executive officers of TopBuild, prohibiting them from trading in TopBuild equity securities acquired in connection with their service or employment. This notice is in compliance with Section 306 of the Sarbanes-Oxley Act of 2002 and Rule 104 of the SEC's Regulation BTR.
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About TopBuild Corp
TopBuild Corp is a leading installer and distributor of insulation and building material products. Its primary function revolves around providing essential products for new residential, commercial construction, and remodeling projects. TopBuild operates through two main segments, Installation and Distribution, which offer a comprehensive range of insulation materials and other building products such as gutters and paint. The company plays a pivotal role in the construction and building materials sector, impacting various industries including housing, commercial real estate, and infrastructure development. The market significance of TopBuild Corp lies in its nationwide network that supplies materials critical to the construction industry’s energy efficiency and safety standards. By maintaining strong relationships with leading manufacturers and offering value-added services, TopBuild enhances its market reach and customer satisfaction. With strategic acquisitions and a focus on sustainability, the company strengthens its competitive edge, enabling it to adapt to market demands and regulatory changes effectively. Headquartered in Daytona Beach, Florida, TopBuild continues to contribute to the advancement of building technologies and solutions, thereby supporting the growth of sustainable building practices across the United States.
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