Robert G. Baugnon
About Robert G. Baugnon
Robert G. Baugnon is Senior Vice President, Personnel and Administration at Construction Partners, Inc. (NASDAQ: ROAD). He was designated an “executive officer” under SEC rules on May 8, 2025 and serves on the corporate leadership team alongside the CEO, CFO, Strategy, and Legal heads . He brings over 30 years of diverse management experience, with prior roles in executive search focused on the heavy civil construction sector and management positions in high-tech manufacturing; he served as Vice President of Personnel at CPI beginning April 2021 and became SVP in January 2025 . During his tenure, CPI delivered strong operating results: Q2 FY25 revenue rose 54% year over year to $571.7 million and Adjusted EBITDA margin expanded to 12.1% (up >400 bps); backlog reached a record $2.84 billion, and FY25 guidance was raised for revenue and Adjusted EBITDA .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Construction Partners, Inc. | Vice President, Personnel | 2021–2025 (Apr 2021 to Jan 2025) | Led personnel function supporting CPI’s Sunbelt footprint . |
| Executive Search (Heavy Civil) | Executive search professional | Not disclosed | Focused exclusively on heavy civil construction talent pipelines . |
| High-Tech Manufacturing | Management roles | Not disclosed | Operational and managerial experience in manufacturing environments . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Fred Smith Company (CPI NC operating company) | Vice President of Personnel | Not disclosed | Prior role at CPI’s North Carolina operating company . |
Fixed Compensation
- The May 2025 executive team reorganization did not result in changes to compensation arrangements for the named executives (including Baugnon). Specific base salary and bonus targets for Baugnon are not disclosed .
Performance Compensation
- CPI’s NEO program uses formulaic annual incentives and LTIP-A (time-based) and LTIP-B (performance-based PSUs) with metrics such as Adjusted EBITDA, revenue growth, and EBITDA margin; Baugnon’s individual incentive metrics are not disclosed (he was not listed as an NEO in FY2024) .
- Company-level performance context (during Baugnon’s tenure): Adjusted EBITDA margin in Q2 FY25 was 12.1%; FY25 Adjusted EBITDA outlook is $410–$430 million (14.8%–15.2% margin) .
Company Performance Snapshot (context)
| Metric | Q2 FY2024 | Q2 FY2025 |
|---|---|---|
| Revenue ($USD Millions) | $371.4 | $571.7 |
| Adjusted EBITDA ($USD Millions) | $29.5 | $69.3 |
| Adjusted EBITDA Margin (%) | 7.9% | 12.1% |
Equity Ownership & Alignment
| Item | Value |
|---|---|
| Total beneficial ownership (Class A) | 25,731 shares |
| Of which restricted (unvested, time-based) | 15,792 shares |
| Ownership form | Direct; sole voting power over restricted shares |
| Options/derivatives | None listed on Form 3 (no derivative entries) |
| % of Class A outstanding (approx.) | ~0.05% (25,731 / 47,235,345 Class A shares at 3/31/25) |
Vesting Schedule (Restricted Shares)
| Vest Date | Shares | Notes |
|---|---|---|
| Sep 30, 2025 | 12,381 | Time-based vesting under CPI 2018 Equity Incentive Plan |
| Sep 30, 2026 | 1,792 | Time-based vesting |
| Sep 30, 2027 | 1,119 | Time-based vesting |
| Sep 30, 2028 | 500 | Time-based vesting |
- Pledging/Hedging: No pledging or hedging disclosed for Baugnon; company-level pledges disclosed for certain other executives in proxy footnotes do not list Baugnon .
Employment Terms
- Designated as an “executive officer” (Rule 3b-7) and “officer” (Section 16) on May 8, 2025 as part of a Board-approved executive team reorganization; the reorganization did not change compensation arrangements for named executives .
- Specific employment agreement terms (non-compete, severance, change-in-control) for Baugnon are not disclosed. Proxy describes employment agreements and severance economics for NEOs generally, but Baugnon was not an FY2024 NEO .
Investment Implications
- Alignment: Direct ownership of 25,731 shares with a multi-year vesting cadence aligns incentives to retention and long-term value creation; no options reported, limiting leverage-driven selling pressure signals .
- Vesting-related supply: Upcoming vest dates (12,381 shares vesting on Sep 30, 2025; smaller tranches through 2028) could modestly increase tradable float from insider holdings; magnitude is immaterial relative to Class A shares outstanding (~47.2 million at 3/31/25) .
- Performance linkage: Company-level metrics tied to broader incentive programs (Adjusted EBITDA, revenue growth) strengthened materially in FY25 to date, supporting pay-for-performance culture and potential PSU outcomes for eligible executives (though Baugnon’s specific PSU participation is not disclosed) .
- Retention risk: Role elevation to SVP and executive officer status in 2025, plus multi-year vesting schedule, point to low near-term retention risk; absence of disclosed individual severance terms limits precision on change-in-control economics for Baugnon .
Sources: Executive designation and reorg (8‑K, May 9, 2025) ; Corporate leadership slide (Investor Day/8‑K, Oct 22, 2025) ; Management biography ; Form 3 ownership and vesting (May 13, 2025) ; Company performance press release and outlook (May 9, 2025) ; Class A share count (Balance Sheet) .