Company: QXO-PB
Filing Date: 2025-03-14
Form Type: DFAN14A
Source: 0000950142-25-000746
Chunk: 1

Company: QXO, Inc.
Filing Date: 2025-03-14
Form: DFAN14A
Chunk 1
---
 news 3/10/2025 Digital Commerce 360 — QXO in talks to acquire Beacon Roofing for $11 billion and plans a digital overhaul Read more 3/10/2025 Bloomberg — Beacon Roofing in talks with QXO for potential $11 billion deal Read more 3/10/2025 HBS Dealer — QXO and Beacon engage in talks Read more 3/10/2025 Wall Street Journal — Beacon Roofing Supply, QXO Discussing Potential Deal Read more 3/7/2025 Investing.com — QXO CEO outlines employee-first approach in potential Beacon takeover Read more 2/12/2025 MDM Distribution Intelligence — QXO Unveils Slate of Directors to Replace Beacon’s, Gains Antitrust Clearance Read more

Exhibit 1:

QXO CEO outlines employee-first approach in potential Beacon takeover

Investing.com

By Luke Juricic

March 7, 2025

QXO Inc.’s (NYSE:QXO) CEO, Brad Jacobs, addressed Beacon (NASDAQ:BECN)
employees directly in an open letter as the company continues its efforts to acquire the building products distributor. Jacobs emphasized
respect for Beacon’s workforce and outlined a commitment to prioritizing employee input should the takeover succeed.

In his letter, Jacobs acknowledged the challenging times of uncertainty
the Beacon employees might be facing due to the potential acquisition. He assured them that their well-being and opinions would be at
the forefront of QXO’s plans. Jacobs stated, “If we are fortunate enough to move forward, our first priority will be listening
to you.”

Jacobs clarified that QXO’s issue lies with decisions made at Beacon’s
board level, not with its employees, whose dedication he praised. He expressed his intention to conduct a “listening tour”
to leverage the employees’ expertise in the roofing distribution business.

The CEO also shared his vision for the company’s future, seeking
feedback from employees on what Beacon excels at and where there is room for improvement. He highlighted the importance of employee ideas
in past acquisitions, noting that these insights have been critical to strengthening the businesses QXO has acquired.

Jacobs concluded his letter with well-wishes to the Beacon team, regardless
of the acquisition’s outcome, and described his leadership style as one that values questions, careful listening, and collective
wisdom.

The CEO’s letter comes amidst ongoing attempts by QXO to acquire
Beacon for $124.