Company: QXO-PB
Filing Date: 2025-03-20
Form Type: 8-K
Source: 0001140361-25-009591
Chunk: 5

Company: QXO, Inc.
Filing Date: 2025-03-20
Form: 8-K
Item: Item 1.01
Chunk 5
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 announced, publicly known or otherwise made known to theBeacon Board and Beacon enters into a definitive agreement with respect to, or consummates the transactions contemplated by, an acquisition proposal within twelve (12) months following such termination. The Termination Fee is equal
to$336,931,450.

The Merger Agreement and the consummation of the Transactions have been unanimously approved by the board of directors of QXO.

The foregoing description of the Merger Agreement does not purport to be complete and is subject to, and qualified in its entirety by
reference to the full text of the Merger Agreement. A copy of the Merger Agreement is filed as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference.

The Merger Agreement and the above description of the Merger Agreement have been included to provide investors and security holders with
information regarding the terms of the Merger Agreement and are not intended to provide any other factual information about Beacon, QXO or their respective subsidiaries or affiliates. The representations and warranties contained in the Merger
Agreement were made only for purposes of that agreement and as of specific dates, were solely for the benefit of the parties to the Merger Agreement, may be subject to a contractual standard of materiality different from what might be viewed as
material to stockholders, and may be subject to limitations agreed upon by the parties, including being qualified by confidential disclosures made by the parties to each other. Investors should not rely on the representations and warranties contained
in the Merger Agreement as characterizations of the actual state of facts or condition of Beacon, QXO any of their respective subsidiaries, affiliates or businesses.

Effect on Ongoing Proxy Contest.

In accordance with the terms of, and as evidenced by the execution of, the Merger Agreement, QXO irrevocably withdrew the notice
of nomination of candidates for election to the Beacon Board that it previously delivered to Beacon.

Item 8.01 Other

Events.