On May 15, 2024, the acquisition of Masonite International Corporation was completed pursuant to the terms of the previously announced Arrangement Agreement, dated as of February 8, 2024, by and among Masonite, Owens Corning, a Delaware corporation and MT Acquisition Co ULC, and an indirect wholly owned subsidiary of Owens Corning (? Purchaser?). At the Effective Time, and pursuant to the terms of the Arrangement Agreement, each of Robert J. Byrne, Howard C. Heckes, Jonathan F. Foster, Francis M. Scricco, Peter R. Dachowski, Jody L. Bilney, Daphne E. Jones, Jay I. Steinfeld, and Barry A. Ruffalo ceased to be a member of the board of directors of Masonite, or any committee thereof, and the following individuals were appointed to the board of directors of Masonite: Fei Adams, Bradley Link and Andromeda Myers.
At the Effective Time, Mr. Heckes also ceased serving as President and Chief Executive Officer of Masonite.