TopBuild Shareholders Approve Amended 2015 Stock Incentive Plan and Reelect Board Members

TopBuild Corp. held its 2025 Annual Meeting of Shareholders on April 28, where all proposals were approved by substantial margins. Most notably, shareholders voted in favor of the Amended and Restated 2015 Long Term Stock Incentive Plan, which updates the company’s equity compensation framework for executives and directors. The plan was approved with over 25.9 million votes in favor.

Additionally, eight directors were re-elected to serve until the 2026 Annual Meeting, including CEO Robert M. Buck and Chairman Alec C. Covington. All directors received more than 25.2 million votes each.

Other approved items include:

Ratification of PricewaterhouseCoopers LLP as the company’s auditor for fiscal year 2025

Advisory approval of executive compensation packages

The updated incentive plan and board decisions reflect continued shareholder support for TopBuild’s current strategic direction and leadership team.

TopBuild reported a strong fourth quarter and full-year 2024 performance, with Q4 sales increasing 2.0% to $1.31 billion, driven by 6.6% growth in Specialty Distribution. Full-year sales reached a record $5.3 billion, with adjusted EBITDA hitting $1.07 billion. The company completed eight acquisitions totaling $153.1 million in annual sales and returned $966.4 million to shareholders through share repurchases.

Looking ahead to 2025, TopBuild expects sales in the range of $5.05 billion to $5.35 billion and adjusted EBITDA between $925 million and $1.075 billion. The company continues to prioritize acquisitions and announced a new $1 billion share repurchase authorization, bringing total availability to $1.2 billion.

source: TopBuild, February 25, 2025.