Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 29, 2020, the Board of Directors of Foundation Building Material, Inc. ("the Company") appointed Mr. Onur Demirkaya as Chief Accounting Officer and principle accounting officer, effective May 12, 2020.
Mr. Demirkaya, age 41, joined the Company as Vice President of Finance and Accounting in December 2014. During his tenure, Mr. Demirkaya has been instrumental in building the accounting and finance functions including the implementation of scalable systems and business intelligence platforms for the Company. Prior to joining the Company, Mr. Demirkaya held progressive financial roles, lastly as Director of Finance-West Division, with Beacon Roofing Supply, Inc. (“Beacon”), a publicly traded distributor of commercial and residential roofing products, from January 2013 to December 2014. Prior to Beacon, Mr. Demirkaya held progressive financial roles with Clean Energy Fuels Corp. (“Clean Energy”), lastly as Assistant Corporate Controller of Clean Energy Fuels Corp., a publicly traded provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, from December 2010 to January 2013. Prior to Clean Energy, Mr. Demirkaya was an Audit Manager at Ernst and Young LLP. Mr. Demirkaya earned a Bachelor of Science degree in Accounting from California State University, Long Beach and a Master of Business Administration degree from the University of California, Los Angeles. Mr. Demirkaya is also a licensed CPA (inactive) in the State of California.
Mr. Demirkaya originally entered into to an employment agreement with the Company dated as of October 9, 2015. No new compensatory arrangements will be entered into with Mr. Demirkaya in connection with his appointment as the Company’s Chief Accounting Officer. A copy of the employment agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
There are no arrangements or understandings between Mr. Demirkaya and any person other than with the Company pursuant to which he was appointed as Chief Accounting Officer. There is no family relationship between Mr. Demirkaya and any director or executive officer of the Company or any person nominated or chosen to become a director or executive officer of the Company. Mr. Demirkaya has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A copy of the Company's press release announcing Mr. Demirkaya's appointment is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in Exhibit 99.1 is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
