{"url_path":"/sec/bld/8-k/2026-07-01/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/1633931/0001104659-26-079876-index.html","accession_number":"0001104659-26-079876","cik":"0001633931","ticker":"BLD","issuer_name":"QXO Insulation, LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1633931/0001104659-26-079876-index.html","primary_entity_key":"0001633931","primary_entity_name":"QXO Insulation, LLC"},"word_count":309,"has_tables":true,"body_markdown":"**Item 5.02 Departure of Directors or Certain\nOfficers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nThe information provided in\nthe Introductory Note and Items 2.01 of this Current Report on Form 8-K is incorporated into this Item 5.02 by reference.\n\n \n\nBy the operation of the Merger,\nall of the directors of TopBuild ceased to be directors of TopBuild and members of any and all committees of TopBuild’s board of\ndirectors, effective as of the effective time of the Titanium Merger. This was not a result of any disagreement between TopBuild and the\ndirectors on any matter relating to TopBuild’s operations, policies or practices.\n\n \n\nBy virtue of, and effective\nas of the effective time of, the Titanium Merger, all of the executive officers of TopBuild immediately prior to the effective time of\nthe Titanium Merger ceased to hold their respective positions with TopBuild, effective as of the effective time of the Titanium Merger.\n\n \n\nIn connection with the retirement\nof Joseph M. Viselli, as previously disclosed in TopBuild’s Current Report on Form 8-K filed with the SEC on April 17,\n2026, in recognition of his contributions to TopBuild and in consideration of his ongoing restrictive covenants and other post-employment\nobligations, on June 30, 2026, the Compensation Committee of TopBuild’s board of directors approved a cash payment to Mr. Viselli\nin the amount of $894,539, less applicable taxes and withholdings (the “Cash Payment”). The Cash Payment was conditioned\nupon (i) Mr. Viselli’s execution and non-revocation of a severance agreement, waiver and release of claims and (ii) Mr. Viselli’s\nlast day of employment being no later than June 30, 2026. On June 30, 2026, Mr. Viselli executed the severance, waiver\nand release of claims and voluntarily resigned from his employment. The Cash Payment will be made within 60 days following Mr. Viselli’s\nlast day of employment with TopBuild."}