Company: QXO-PB
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011886
Chunk: 49

Company: QXO, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 49
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 (iii) QXO’s compliance with legal and regulatory requirements, (iv) the qualifications and independence of QXO’s outside auditors, (v) the performance of QXO’s outside auditors and internal audit function and (vi) related party transactions. Management is responsible for QXO’s financial statements and the financial reporting process, including the system of internal controls over financial reporting. We are solely responsible for selecting and reviewing the performance of QXO’s outside auditors and, if we deem appropriate in our sole discretion, terminating and replacing the outside auditors. We also are responsible for reviewing and approving the terms of the annual engagement of outside auditors, including the scope of audit and non-audit services to be provided by the outside auditors and the fees to be paid for these services, and discussing with the outside auditors any relationships or services that may impact their objectivity and independence. In fulfilling the oversight role, the Audit Committee met and held discussions, both together and separately, with QXO’s management and Marcum LLP (“Marcum”), QXO’s independent registered public accounting firm for fiscal year 2024. Management advised the Audit Committee that the company’s consolidated financial statements were prepared in accordance with generally accepted accounting principles, and such members reviewed and discussed the consolidated financial statements and key accounting and reporting issues with management and Marcum, both together and separately, in advance of the public release of operating results and filing of annual and quarterly reports with the SEC. The Audit Committee discussed with Marcum the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board (“PCAOB”) and the SEC and reviewed a letter from Marcum disclosing such matters. Marcum also provided the Audit Committee with the written disclosures and letters required by applicable requirements of the PCAOB regarding the outside auditors’ communications with the Audit Committee concerning independence, and such members discussed with Marcum matters relating to their independence and considered whether their provision of certain non-audit services is compatible with maintaining their independence. Marcum has confirmed its independence, and such members determined that Marcum’s provision of non-audit services to QXO is compatible with maintaining its independence. Based on the review and discussion by the Audit Committee of QXO’s audited consolidated financial statements with management and Marcum, and Marcum’s report on such financial statements, and based on the discussions and written disclosures described above, and the members’ business judgment, the Audit Committee recommended to the Board, and the Board approved, that the