UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 27, 2020, J. Louis Sharpe resigned from the Board of Directors (the “Board”) of GMS Inc. (the “Company”), effective that date. Mr. Sharpe’s resignation was not the result of any dispute or disagreement with the Company or the Company’s Board on any matter relating to the operations, policies or practices of the Company.
The Board appointed Lisa Bachmann as a director, effective January 29, 2020, to serve until the Company’s 2022 annual meeting of stockholders or until her earlier resignation or removal. The Board also appointed Ms. Bachmann to serve on the Audit Committee and the Nominating and Corporate Governance Committee of the Board. The Board has determined that Ms. Bachmann is “independent” under the Corporate Governance Standards of the New York Stock Exchange and under the Company’s Corporate Governance Guidelines.
Ms. Bachmann, age 57, has served as Executive Vice President, Chief Merchandising and Operating Officer of Big Lots, Inc. (“Big Lots”), a leading discount retailer operating over 1,400 stores in 47 states, since 2015. Prior to her current role, she served as Executive Vice President, Chief Operating Officer from 2012 to 2015 and as Executive Vice President, Supply Chain Management and Chief Information Officer from 2010 to 2012. Ms. Bachmann joined Big Lots as Senior Vice President, Merchandise Planning, Allocation and Presentation in March 2002. Prior to joining Big Lots, her roles included Senior Vice President of Planning and Allocation for Ames Department Stores Inc. and Vice President of Planning and Allocation for the Casual Corner Group, Inc.
Ms. Bachmann will participate in the Company’s standard non-employee director compensation arrangements as described in the Company’s most recent proxy statement, filed with the Securities and Exchange Commission on August 27, 2019.
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.
GMS INC. | |||
Date: January 30, 2020 | By: | /s/ Scott M. Deakin | |
Name: | Scott M. Deakin | ||
Title: | Chief Financial Officer |