Quanex Build SEC Filings

Quanex Building Products (NX) reported a restructuring-driven quarter that materially affected results. The company completed the acquisition of Tyman plc on August 1, 2024 for 14,139,477 Quanex shares and approximately $504.1 million in cash, funded in part by amended credit facilities providing a $475 million revolving line and a $500 million Term Loan A.

During Q3 2025 Quanex recorded $302.3 million of goodwill impairment related to the restructuring (of which $44.8 million is tax-deductible). As of July 31, 2025 the company had $66.3 million of cash, $672.5 million of borrowings under its facilities, and $271.4 million available under the revolving facility. Interest expense rose materially due to higher borrowings, and the nine-month pre-tax loss was $277.3 million with an estimated annual effective tax rate of 2.5% driven by discrete tax items tied to the impairment. Restructuring and workforce alignment charges totaled about $10.2 million for the nine months. The company reported compliance with debt covenants and a remaining $33.6 million authorization under its share repurchase program.

Quanex Building Products (NX) director William E. Waltz Jr. received 1,111.37 Phantom Stock Units on 08/28/2025 under the company's Deferred Compensation Plan as a result of deferral of director compensation. Each Phantom Stock Unit is the economic equivalent of one share of common stock and is distributable in cash on a participant-selected date or upon death, disability, or termination of service. The reported acquisition is recorded at $21.37 per equivalent share and increases Mr. Waltz's reported direct beneficial ownership to 18,630.116 common-stock-equivalent units, which includes 73.845 units from automatic dividend reinvestment. The Form 4 was signed by Paul B. Cornett as power of attorney on 08/29/2025.

Quanex Building Products Corp. (NX) director Manish H. Shah was credited with 1,111.37 Phantom Stock Units on 08/28/2025 under the company's Deferred Compensation Plan. Each phantom unit is the economic equivalent of one share of common stock and will be distributed in cash according to the participant's selected payment schedule or upon death, disability, or termination of service. The filing shows a reported per-unit price of $21.37 and indicates the reporting person now beneficially owns 3,671.084 phantom units in total, which includes 10.789 units from automatic dividend reinvestment. The Form 4 was signed by power of attorney on 08/29/2025.

Quanex Building Products director Bradley E. Hughes received 1,228.36 phantom stock units on 08/28/2025 as a result of deferring director compensation under the company's Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of common stock and distributions under the plan are paid in cash on a participant-selected date or upon death, disability, or termination of service. The reported transaction lists a per-unit price of $21.37 and shows 12,336.686 phantom stock units beneficially owned following the transaction, which includes 46.823 units credited for automatic dividend reinvestment. The Form 4 was signed by Paul B. Cornett as power of attorney on 08/29/2025.

Jason Lippert, a director of Quanex Building Products Corp (NX), received 1,111.37 phantom stock units on 08/28/2025 through the companys Deferred Compensation Plan in lieu of director compensation. Each phantom unit is the economic equivalent of one share of common stock and the reported per-unit value was $21.37, resulting in an addition of economic exposure equal to those units. Following the grant (including 57.908 units from dividend reinvestment), Mr. Lippert beneficially owns 14,849.411 phantom stock units held directly. Distributions under the plan are paid in cash on dates selected by participants or upon death, disability, or termination of service as a director.