Mark Alexander
Builders FirstSourceAbout Mark A. Alexander
Independent director since 2021; age 66. Former CEO of Suburban Propane Partners and current Founder/Chairman/CEO of Landmark Property Group; prior senior business development leadership at Hanson Industries. Education: B.B.A., University of Notre Dame; Certified Public Accountant (inactive, NJ). Audit Committee financial expert; nominated for re‑election in 2025 (Class II) to a term expiring in 2028, with Board declassification proposed to move to annual elections starting 2026–2028 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Suburban Propane Partners (public) | Chief Executive Officer, President, Director | 1996–2009 | Led multibillion-dollar energy services company; deep finance/operations experience |
| Hanson Industries (U.S. arm of Hanson plc) | SVP, Business Development | 1984–1996 | M&A and business development leadership |
| Landmark Property Group | Founder, Chairman & CEO | 2009–Present | Real estate redevelopment/management; ongoing executive leadership |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| W.P. Carey Inc. (public) | Director | 2016–Present | Current service includes audit committee experience cited by BLDR |
| BMC Stock Holdings, Inc. (public; pre-merger) | Director; Audit Committee Chair | 2017–2021 | Chaired BMC audit committee prior to BLDR combination |
Board Governance
- Independence: Affirmatively determined independent; Audit Committee composed solely of independent directors; designated audit committee “financial expert” alongside other members .
- Committee assignments: Audit Committee member; Audit Committee held 4 meetings in 2024 with 100% attendance; committee charter covers oversight of financial reporting, auditor independence, internal audit, and related-party transaction review .
- Board activity: In 2024, Board met 9 times; all directors attended at least 75% of combined Board/committee meetings; independent directors hold executive sessions .
- Overboarding limits: Corporate Governance Guidelines cap directors at ≤4 public boards; audit committee members at ≤3 audit committees; Alexander’s known public board service (BLDR + W.P. Carey) is within limits .
Fixed Compensation
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Annual cash retainer (policy) | $100,000 | $120,000 (increase eff. Jun 1, 2023) | $120,000 |
| Committee fees – Audit member (policy) | $5,000 | $5,000 | $5,000 |
| Committee fees – Audit chair (policy) | $30,000 | $30,000 | $30,000 |
| Chair of Board retainer (policy) | $100,000 | $150,000 | $150,000 |
| Meeting fees | None | None | None |
| Alexander – Fees earned/paid (“cash,” incl. stock election) | $104,851 | $119,843 | $124,677 |
Notes:
- Alexander elected to receive retainers/committee fees in Common Stock in 2022–2024; reported “Fees Earned or Paid in Cash” include the grant-date fair value of stock taken in lieu of cash under the policy .
Performance Compensation
| Program Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Annual RSU grant value (policy) | $150,000; FMV-based share count on grant date; vests fully at 1-year or earlier upon death, disability, or retirement | $175,000 (increase eff. Jun 1, 2023); FMV-based share count; same vesting | $175,000; FMV-based share count; same vesting |
| Alexander – Stock awards (grant-date fair value) | $149,982 | $174,966 | $174,945 |
| Election to receive cash retainers in fully vested shares | Permitted; quarterly grants in lieu of cash; election effective following year; only in open window | Permitted; quarterly | Permitted; quarterly |
| Options granted | None disclosed | None disclosed | None disclosed |
| Performance metrics (TSR/revenue/EBITDA) | Not applicable to director RSUs; time-based vesting only | Not applicable | Not applicable |
Director Compensation Summary (Alexander)
| Component ($) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Fees Earned/Paid (incl. stock taken in lieu of cash) | 104,851 | 119,843 | 124,677 |
| Stock Awards (RSUs) | 149,982 | 174,966 | 174,945 |
| Total | 245,833 | 294,809 | 299,622 |
Other Directorships & Interlocks
- Current public boards: W.P. Carey Inc. (2016–present); audit committee experience explicitly referenced by BLDR .
- Prior public boards: BMC Stock Holdings, Inc. (2017–2021); chaired audit committee prior to merger with BLDR .
- Related-party exposure: Historical disclosure notes certain BLDR directors served on supplier PGT Innovations’ board; those directors resigned upon MITER Brands’ acquisition in Mar 2024; no Alexander-specific related-party transaction disclosed . BLDR’s Audit Committee reviews material related-party transactions under policy .
Expertise & Qualifications
- Financial expertise and CPA credential; designated Audit Committee “financial expert” by BLDR .
- CEO/President leadership; operational responsibility; logistics/manufacturing/finance; M&A and business development .
- Education: B.B.A., University of Notre Dame; CPA (inactive in NJ) .
Equity Ownership
| Metric | 2023 (as of Apr 14, 2023) | 2024 (as of Apr 15, 2024) | 2025 (as of Mar 28, 2025) |
|---|---|---|---|
| Beneficially owned BLDR shares | 37,884; <1% | 40,189; <1% | 42,147; <1% |
| RSUs outstanding at year-end | 2,722 (Dec 31, 2022) | 1,446 (Dec 31, 2023) | 1,194 (Dec 31, 2024) |
| Ownership guidelines | Directors: 5× annual cash retainer; unvested RSUs count; retain 50% of net shares until compliant | ||
| Compliance status | All directors in compliance or within grace period (Oct 2024 review) | ||
| Anti‑hedging/pledging | Prohibited without prior written approval; short sales/margin accounts restricted |
Governance Assessment
- Alignment: Alexander consistently elects equity in lieu of cash retainers and receives annual RSUs, supporting skin‑in‑the‑game alignment with BLDR shareholders; beneficial ownership has trended up through 2025 while RSU balances decline as awards vest .
- Effectiveness: Audit Committee financial expert with 100% meeting attendance in 2024; prior audit chair experience at BMC enhances BLDR’s oversight of financial reporting and auditor independence .
- Independence/conflicts: Affirmed independent; external public board service within overboarding limits; no Alexander‑specific related‑party transactions disclosed; Audit Committee reviews any such matters under policy .
- Compensation structure: Director pay emphasizes fixed retainers and time‑based RSUs with no performance metrics; policy increases in 2023 (retainer and RSU values) are modest and benchmarked by Meridian Compensation Partners; no options or repricing red flags .
- RED FLAGS: None evident specific to Alexander. Historical supplier interlocks (PGT Innovations) were remediated by resignations in 2024; anti‑hedging/pledging policy reduces alignment risk; attendance at Audit Committee was 100% in 2024 .