*. For more information regarding the Audit and Finance Committee, please read the Committee Charter. Roses background, skills, and expertise give the board full confidence that she is the right person to serve as the next leader of Cornerstone Building Brandsas it continues positioning for growth and value creation. Its Windows segment provides vinyl, aluminum, wood, and aluminum clad-wood windows and patio doors; and steel, wood, and fiberglass entry doors under the Ply Gem, Simonton, Atrium, American Craftsman, Silver Line, Great Lakes Window, and North Star brands. These figures are given to the Indeed users for the purpose of generalized comparison only. They also provide assistance to the board regarding the corporate accounting and reporting practices of Cornerstone Building Brands and the quality and integrity of its financial reports. On August 3, 2021, Cornerstone Building Brands, Inc. (the Company) appointed Rose Lee as Chief Executive Officer of the Company and as a member of the Companys Board of Directors. ', . At the time of his retirement, he had served as Chairman since De, Powered by ERI's Executive Compensation Assessor, 2021 CEO Pay Trends in the Nonprofit World, 2020 CEO Pay Trends in the Nonprofit World, A CEO's Guide: How to Implement Performance-Driven Pay, Top 10 Highest-Paid CEOs in the United States in 2021, Top 10 Highest-Paid Athletic Heads at Nonprofits 2022, Top 10 Highest-Paid CEOs in Transportation, Director, President and Chief Executive Officer, 2014 - 2020 Currency in USD, Exec. Chairman of the Board and Chief Executive Officer, Contact us to find out more about the compensation structure for, The following Interpublic Group (IPG) board members are connected to Mr. James Metcalf, Mr. Metcalf, age 63, has served as a director since May 2017, as the Chairman of our Board of Directors since January 1, 2018 and as our Chief Executive Officer since November 2018. Rose Lee will succeed Mr. Metcalf as president and CEO and will join the board as a director of the Company. Cornerstone Building Brands broad, multichannel distribution platform and expansive national footprint includes more than 20,000 employees at manufacturing, distribution and office locations throughout North America. Our board has twelve directors and six standing committees. Ms.Lee joined Dupont de Nemours in January 2015 as Global Business Director, DuPont, Cover Page Interactive Data File (embedded within the Inline XBRL document). James Metcalf made $4,915,388 in total compensation as Chairman of the Board and Chief Executive Officer at Cornerstone Building Brands Inc in 2020. How do you feel about going to work each day at Cornerstone Building Brands? . On behalf of the board of directors, I would like to acknowledge and thank Jim for his steadfast leadership and for developing a winning management team that is poised for future success, said John Krenicki, Jr, lead director of the Cornerstone Building Brands Board of Directors. The Nominating and Corporate Governance Committee is responsible for reviewing and interviewing qualified candidates to serve on our board in order to make nominations to fill vacancies as well as to select the management nominees for the directors to be elected by our stockholders at each annual meeting. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.

There are no related-party transactions in which Ms. Lee or any of her immediate family members has an interest that would require disclosure under Item404(a) of Regulation S-K. On August 3, 2021, the Company entered into an employment agreement with Ms. Lee (the Employment Agreement). Our market leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, insulated metal panels, metal roofing, metal wall systems and metal accessories. Specifically, she has held multiple senior leadership positions at DuPont, most recently serving as president of the Water and Protection business and at Saint-Gobain, where she led building products businesses for the residential end-markets. Please enter a number between 8 and 64 for the password length. He was instrumental in creating an exterior building products industry leader beginning with the merger of NCI Building Systems & Ply Gem, integrating multiple acquisitions, driving portfolio simplification and setting a high bar for performance. The Employment Agreement provides Ms. Lee with a base salary of $1,000,000 per year, a target annual bonus opportunity of 120% of her base salary, and a 2022 long-term incentive grant having a total target grant date fair value equal to $4,000,000. Always ready to try the next shiny object. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549, CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 4, 2021 (August 3, 2021), (Exact name of registrant as specified in its charter), Registrants telephone number, including area code: (866) 419-0042. For more information about the responsibilities of the Routine Transactions Committee, please read the Committee Charter. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. For questions regarding investor information, ERI's Executive Compensation Assessor makes it easy to benchmark executive compensation packages for planning and reporting.

In addition, they are responsible for evaluating, implementing, and overseeing the standards and guidelines for the governance of Cornerstone Building Brands, including monitoring compliance with those standards and guidelines, as well as overseeing succession planning and evaluating the performance of the board. This information is derived from proxy statements filed for the 2020 fiscal year. In addition, the Company has agreed that Mr. Metcalf will retain the full number of performance share units granted to him in March 2020 (consisting of 306,123 performance share units at target levels of performance) for the balance of the performance period as if his employment had continued for the full performance period, at which time Mr. Metcalf will earn a number of shares of common stock based on the actual satisfaction of the applicable performance metrics. Nominating & Corporate Governance Committee. On average, how many hours do you work a day at Cornerstone Building Brands? Email questions regarding investor information to us any time. Item 9.01. For more information, visit us atwww.cornerstonebuildingbrands.com, info@investors.cornerstonebuildingbrands.com, 0000883902 false 0000883902 2021-08-03 2021-08-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares, Ms. Lee, age 55, previously served as President, Water& Protection, of Dupont de Nemours, Inc., from June 2019 to August 2021. in aerospace engineering from Cornell University, a M.S. By providing your email address below, you are providing consent to Cornerstone Building Brands to send you the requested Investor Email Alert updates. The board is excited to have Rose join and lead Cornerstone Building Brands and work closely with Jim to ensure a seamless transition, concluded Mr. Krenicki. Ms. Lee, age 55, previously served as President, Water& Protection, of Dupont de Nemours, Inc., from June 2019 to August 2021. Corporate stewardship and environmental, social and governance (ESG) responsibility are deeply embedded in our culture, and we are committed to contributing positively to the communities where we live, work and play. In consideration of Mr. Metcalfs agreement to remain in the Executive Chairman role through March 31, 2022 (the Retirement Date), the Company has agreed to fully vest, on the originally scheduled vesting dates, (x) 122,992 stock options and 61,496 restricted stock units granted to Mr. Metcalf in November, 2018 and that would otherwise be forfeited on the Retirement Date and (y) 141,509 stock options and 40,816 restricted stock units granted to Mr. Metcalf in March, 2020 that would otherwise be forfeited on the Retirement Date. Politics, Management, CD&R involvement, HR Group. Prior to Saint-Gobain, she held various engineering and management positions at Pratt & Whitney, a United Technologies company. This page is a promotion for ERIs Assessor Series and is not intended for professional use. The make-whole options and make-whole restricted stock units will have a three-year vesting schedule from Ms. Lees start date, and the make-whole performance share units will have the same performance-vesting and service-vesting terms as the performance share units granted to other senior executive officers of the Company in March, 2021. CARY, NC August 4, 2021 Cornerstone Building Brands, Inc. (NYSE: CNR) (the Company), the largest manufacturer of exterior building products in North America, today announced that James S. Metcalf will retire as chief executive officer (CEO), effective September 6, 2021. For more information regarding the Compensation Committee, please read the Committee Charter.

The Employment Agreement also includes a severance benefit upon qualifying terminations of employment equal to two times annual base salary and two times target bonus, plus a pro rata bonus for the year of termination. The Company has also agreed to provide Mr. Metcalf with 180 days (rather than 60 days) to exercise his vested stock options following the Retirement Date or the vesting date, as applicable. , : site . VP, CFO, Chief Accounting Officer & Treasurer, Cornerstone Building Brands, Inc.s ISS Governance QualityScore as of. You must click the activation link in order to complete your subscription. The Affiliate Transactions Committee is responsible for reviewing, considering, and approving certain transactions between both the company and its controlled affiliates, as well as the significant shareholders of the company and their affiliates. What is the vacation policy like at Cornerstone Building Brands? Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). | Ms. Lee was not appointed as a director as a result of any arrangement or understanding between Ms. Lee and any other persons. I am extremely excited to join Cornerstone Building Brands as CEO and lead its next growth chapter, said Rose Lee. She also was a Senior Consultant at Booz, Allen & Hamilton in New York City. Few people think they are paid fairly at Cornerstone Building Brands, Compare all Director salaries in the United States, All Cornerstone Building Brands - Management salaries, See all Cornerstone Building Brands Director reviews, For the best experience, please upgrade to a modern, fully supported web browser. You can sign up for additional alert options at any time. Prior to such role, Ms.Lee served as President, Safety& Construction for the Specialty Products Division of DowDuPont from September 2017 to June 2019. At Cornerstone Building Brands, we promise to treat your data with respect and will not share your information with any third party. Get The Best Streaming Servers For Media Streaming & Unlimited Bandwidth Upto 1GBPS, Buy The Best VPS Plan Which Suits Your Needs, Select The Best AMD Ryzen Servers - Perfect For Gaming & Media Streaming - Less Than 24 Hours Delivery, Chose the Best Dedicated Server & Customize the Servers - DMCA Free Dedicated Servers, Get The Dedicated Servers For Gaming,Business & Capable Bandwidth Upto 1GBPS Network Port, Get The Dedicated Servers For Media Streaming & Unlimited Bandwidth Upto 40 GBPS Network Port, Buy The Storage Dedicated Servers For VOD's & Movies, Secure your domain name by registering it today, Transfer now to extend your domain by 1 year. The pillar scores are Audit: 5; Board: 5; Shareholder Rights: 7; Compensation: 5. Mr. Metcalf retired in October 2016 as the Chairman, President and Chief Executive Officer of USG Corporation. For more information regarding the Executive Committee, please read the Committee Charter. NCI has a habit of running off talent.

in mechanical engineering from Rensselaer Polytechnic Institute, and an M.B.A. from Massachusetts Institute of Technology. Prior to joining Dupont de Nemours, Ms.Lee served in a series of roles with increasing responsibility at Saint-Gobain, Booz-Allen consultancy and United Technologies. In 2016, she assumed the role of President, DuPont Protection Solutions. Ms.Lee joined Dupont de Nemours in January 2015 as Global Business Director, DuPontKevlarand Aramid Intermediates. Rose Lee is President of the DuPont Water & Protection business where she leads a diverse business creating water, shelter, and safety solutions for a more sustainable world. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Average Cornerstone Building Brands Director yearly pay in the United States is approximately $145,000, which is 65% above the national average. 6 years, 2018 - 2018 Ms. Lees background and experience working with well-respected industry leading manufacturing companies, makes her an excellent addition to the Company. Ms.Lee is a board member of Crown Holdings, Inc. Ms.Lee earned a B.S. This covers all compensation that don't fit in any of these other standard categories. Our board committee charters for the respective committees are also available below.

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Salary estimated from 1 employee, user, and past and present job advertisement on Indeed in the past 36 months. How did you feel about telling people you worked at Cornerstone Building Brands? Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures. Rose is a proven leader and team builder with a diverse and deep set of skills and experiences. Anti-Corruption & Trade Compliance Policy Statement & Compliance Guide. The people of Cornerstone Building Brands hold professional integrity in the highest regard.

Nofamily relationshipexists between Ms. Lee and any of the Companys directors or executive officers. How would you describe the pace of work at Cornerstone Building Brands. Cornerstone Building Brands, Inc., together with its subsidiaries, designs, engineers, manufactures, markets, and installs external building products for the commercial, residential, and repair and remodel markets in the United States, Canada, Mexico, and internationally. The company's Siding segment offers vinyl siding and skirting, composite siding, steel siding, vinyl and aluminum soffit, aluminum trim coil, aluminum gutter coil, fabricated aluminum gutter protection, PVC trim and moldings, and window and door trim products, as well as injection molded accents, such as shakes, shingles, shutters and vents, vinyl fencing and railing, and stone veneer. | Retirement of James S. Metcalf in March, 2022. Mr. Metcalfs employment agreement contains certain covenants relating to confidentiality, non-disparagement, non-competition and non-solicitation, all of which will remain in effect in accordance with their terms following Retirement Date. Read our, Director - Technology Operations & User Experience, Stressful Environment with Continuous Turnover. As part of the leadership transition, Mr. Metcalf will continue in the role of executive chairman of the board through March 31, 2022. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Routine Transactions Committee is responsible for reviewing, considering and approving the following proposed transactions: (i) expenditures of capital or other assets outside the ordinary course and not part of the annual capital expenditure plan; (ii) mergers or acquisitions; (iii) non-ordinary course asset divestitures; (iv) any non-ordinary course joint ventures or similar arrangements with third-parties; and (v) certain hedging transactions. All of these equity awards are intended to be issued under an exception to the rules of the New York Stock Exchange for inducement grants but otherwise to have the same terms and conditions as if issued under the Companys 2003 Long-Term Stock Incentive Plan, and a press release will be issued with the number of shares of common stock subject to these grants when determined.