ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 8, 2022, we entered into employment agreements (the "Employment Agreements") with each of Jeff Jackson (President and Chief Executive Officer), Mike Wothe (President, Western Division) and Bob Keller (Senior Vice President of Customer Strategy and Innovation, Southeast Division) (collectively, the "Executives"). The Employment Agreement with each of Mr. Jackson, Mr. Wothe and Mr. Keller supersedes his prior employment agreement with us.

The Employment Agreements generally provide for (1) an annual base salary, (2) eligibility for an annual performance bonus, if and to the extent that the performance metrics or other requirements thereof are achieved, as determined by the Board of Directors of the Company (the "Board") or the Board's designated committee, (3) eligibility for an annual equity grant which will be divided equally between restricted stock units or restricted share units and performance shares or performance units, at the Board's discretion, and (4) other customary employee benefits.

In the event that (a) an Executive's employment is terminated by the Company without "cause" (as defined in the respective Employment Agreement) or (b) an Executive terminates his employment for "good reason" (as defined in the respective Employment Agreement), such Executive is entitled to (1) continuation of his base salary for twelve months (30 months in the case of Mr. Jackson) after the date of termination; (2) payment by the Company of applicable premiums for medical benefits for twelve months (30 months in the case of Mr. Jackson) following the date of termination; and (3) a lump sum cash payment equal to 100% (250% in the case of Mr. Jackson) of his target cash incentive amount payable under the Company's annual incentive plan for the applicable award period. Notwithstanding the foregoing, if such termination occurs within 24 months following a Change of Control (as defined in the respective Employment Agreement), the Executive would be entitled to (1) a lump sum payment equal to his base salary for 24 months (30 months in the case of Mr. Jackson) after the date of termination; (2) payment by the Company of applicable premiums for medical benefits for 24 months (30 months in the case of Mr. Jackson) following the date of termination; and (3) a lump sum cash payment equal to 200% (250% in the case of Mr. Jackson) of his target cash incentive amount payable under the Company's annual incentive plan for the applicable award period. The Employment Agreements also provide for continued payment of base salary for specified period, in the event of an Executive's death or disability.

Any termination payments are subject to the Executive or the Executive's estate providing a customary release to the Company. The Employment Agreement also includes customary confidentiality, intellectual property, non-compete and non-disparagement provisions.

The foregoing description of the Employment Agreements contained herein does not purport to be complete and is qualified in its entirety by reference to the complete text of the Employment Agreements.

ITEM 9.01. Financial Statements and Exhibits



(d) Exhibits



Exhibit No.    Description
    104        Cover Page Interactive Data File (embedded within the Inline XBRL document)

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