Company: QXO-PB
Filing Date: 2025-03-20
Form Type: 8-K
Source: 0001140361-25-009591
Chunk: 0

Company: QXO, Inc.
Filing Date: 2025-03-20
Form: 8-K
Item: Item 1.01
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Item 1.01

Entry

into a Material Definitive Agreement.

Merger Agreement

On March 20, 2025, QXO, Inc., a Delaware corporation (“ QXO”), entered into an Agreement and Plan of Merger (the “ Merger
Agreement”), with Beacon Roofing Supply, Inc., a Delaware corporation (“ Beacon”), and Queen MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of QXO (“ Merger Sub”).

The Offer. Pursuant to the
Merger Agreement, and upon the terms and subject to the conditions thereof, QXO will cause Merger Sub to amend its previously commenced tender offer, which was commenced on January 27, 2025 and contemplated a purchase of all of the outstanding shares
of common stock, par value $0.01 per share, of Beacon (the “ Shares”) at a price of $124.25 per share (such offer, as amended prior to the execution of the Merger Agreement, the “ January Offer”), to increase the purchase price of the Shares to $124.35
per share (such amount, the “ Offer Price”) in cash, without interest, and to make such other amendments to reflect the execution, terms and other conditions of the Merger Agreement (the “ Amended Offer” and together with the January Offer, the
“ Offer”). The Offer will remain open for a minimum of 10 business days from the date of commencement of the Amended Offer, subject to potential extensions of the Offer as contemplated by the terms of the Merger Agreement.

Offer Closing Conditions. The obligation of Merger Sub to purchase Shares tendered in the Offer is subject to customary closing conditions(the “ Offer Conditions”), including (i)that there shall have been validly tendered and not validly withdrawn prior to the expiration of the Offer, when added to the number of Shares then owned by QXO and
Merger Sub, a majority of the Shares outstanding (determined on a fully diluted basis), (ii) the receipt of required regulatory approvals, (iii) the absence of any law,
order, injunction or decree in effect that restrains, enjoins or otherwise prohibits consummation of the Offer or the Merger (as defined below), (iv) the non-occurrence of a Company Material Adverse Effect (as defined in the Merger Agreement) and
(v) the satisfaction of other conditions set forth in Annex A to the Merger Agreement.

If on the scheduled expiration