0001782754FALSE00017827542024-11-252024-12-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________________________
FORM 8-K
__________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 30, 2024
__________________________________________________
The AZEK Company Inc.
(Exact name of Registrant as Specified in Its Charter)
__________________________________________________
Delaware001-3932290-1017663
(State or Other Jurisdiction
of Incorporation)		(Commission File Number)(IRS Employer
Identification No.)
1330 W Fulton Street, Suite 350
Chicago, Illinois
60607
(Address of Principal Executive Offices)(Zip Code)
Registrant’s Telephone Number, Including Area Code: (877) 275-2935
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instructions A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Class A Common Stock, par value $0.001 per shareAZEKThe New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company 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).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 6, 2025, The AZEK Company Inc. (the “Company”) announced that Mr. Peter Clifford is resigning from his positions as Senior Vice President, Chief Operations Officer and Chief Financial Officer of the Company, effective January 24, 2025, to pursue another opportunity with a private company outside of the building products industry. Mr. Clifford notified the Company of his intention to resign on December 30, 2024. Mr. Clifford’s resignation was not the result of any disagreement with the Company.

The Company further announced, as part of its planned succession, the appointment of Mr. Ryan Lada to succeed Mr. Clifford as Senior Vice President, Chief Financial Officer and Treasurer of the Company and the appointment of Mr. Matthew Wiora as Chief Accounting Officer of the Company, in each case effective simultaneously with Mr. Clifford’s resignation. In their new roles, Mr. Lada will report directly to Mr. Jesse Singh, the Company’s Chief Executive Officer and President, and Mr. Wiora will report to Mr. Lada. In his capacity as Chief Accounting Officer, Mr. Wiora will succeed Mr. Clifford as the Company’s principal accounting officer.

Mr. Lada, age 37, joined the Company as Vice President of Corporate Finance in July 2022 and currently serves as the Company's Chief Financial Officer - Residential Segment, overseeing financial planning and analysis, accounting, commercial and operational finance capabilities, as well as corporate investor relations initiatives. Mr. Lada brings more than fifteen years of global finance experience across multiple industries. Prior to joining the Company, Mr. Lada was most recently Vice President of Finance for Tank Holding Corp. from September 2021 to June 2022, and, prior thereto, held various financial roles of increasing responsibility at Cantel Medical Corporation, including Vice President, Investor Relations & Treasury, Chief Financial Officer of the Global Medical Division, and Chief Financial Officer, Europe, Middle East & Africa, from August 2015 until Cantel was acquired by STERIS plc in June 2021. Mr. Lada has also held a range of financial leadership positions with General Electric Company, IDEX Corporation & Medtronic Inc. over his career.

Mr. Wiora, age 38, joined the Company in June 2022 and has served in a variety of roles at the Company, including most recently as Vice President, Corporate Controller since April 2024. Prior to joining the Company, Mr. Wiora served as a Divisional Chief Financial Officer with Honeywell International Inc. from January 2022 to June 2022 and held various accounting and finance positions of increasing responsibility, including Global Division Controller with Illinois Tool Works Inc. from 2009 to January 2022. Mr. Wiora is a licensed certified public accountant and has more than fifteen years of experience in accounting and finance with publicly traded companies.

As of the date of this Current Report on Form 8-K, neither Mr. Lada or Mr. Wiora has any family relationships that require disclosure pursuant to Item 401(d) of Regulation S-K, and none of Mr. Lada or Mr. Wiora or any of their immediate family members is a party, either directly or indirectly, to any transactions that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 7.01. Regulation FD Disclosure.

On January 6, 2025, the Company issued a press release regarding the matters discussed herein. A copy of the press release is furnished herewith as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit
Number		Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
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.
The AZEK Company Inc.
Date: January 6, 2025By:/s/ Morgan Walbridge
Morgan Walbridge
Senior Vice President, Chief Legal Officer and Secretary

Exhibit 99.1
azeklogo2.jpg

The AZEK Company Announces Chief Financial Officer Transition and Internal Promotions

CHICAGO – January 6, 2025 – The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® Decking and Railing, Versatex® and AZEK Trim®, and StruXure® pergolas, today announced that Peter Clifford is resigning from his positions as Senior Vice President, Chief Operations Officer and Chief Financial Officer to pursue another opportunity with a private company outside of the building products industry. As part of its planned succession, AZEK also announced that Ryan Lada, Vice President and Chief Financial Officer – Residential Segment, will be promoted to the role of Senior Vice President, Chief Financial Officer and Treasurer and Matthew Wiora, Vice President, Corporate Controller, will be promoted to the role of Chief Accounting Officer, in each case effective January 24, 2025.

“I am pleased to announce these well-deserved promotions for Ryan and Matt, which are reflective of their proven leadership, discipline and demonstrated understanding of AZEK’s financial operations and business,” said AZEK CEO Jesse Singh. “Over the last two years, Ryan has delivered exceptional results and driven strong performance in our Residential Segment, positioning us to navigate market dynamics effectively, capitalize on growth opportunities, realize cost saving programs, and deliver sustained value to our stakeholders. Ryan’s financial insight, strategic vision, and demonstrated results, along with Matt’s deep financial and accounting acumen, will be instrumental in continuing to execute AZEK’s strategy, strengthen our market presence, and drive continued growth and financial success.”

“I am thrilled to step into this role and expand my financial leadership at AZEK at such an exciting time for the company,” said Mr. Lada. “With its leadership position in the industry, commitment to innovation, dedication to supporting our customers, and strong history of performance, I look forward to continuing to collaborate with Jesse and the team to execute our business and financial strategy as we shape the future of the industry.”

Mr. Clifford’s last day is January 24, 2025. He will continue to partner closely with the team in the upcoming weeks, offering guidance and support to ensure a smooth and seamless transition.

“I would also like to thank Peter for his partnership and significant contributions to AZEK over the last several years. His financial and operational leadership has been instrumental in guiding AZEK beyond our IPO and into an exciting new phase of growth. Under Peter’s direction, we have consistently delivered operational excellence, enabling us to support our customers across diverse economic environments while driving meaningful shareholder value through strong top- and bottom-line growth, significant debt reduction, and strategic share repurchases. I wish him further success in the future,” continued Singh.

Mr. Lada joined the Company as Vice President of Corporate Finance in July 2022 and currently serves as the Company's Chief Financial Officer - Residential Segment, overseeing financial planning and analysis, accounting, commercial and operational finance capabilities, as well as corporate investor relations initiatives. Mr. Lada brings more than fifteen years of global finance experience across multiple industries. Prior to joining the Company, Mr. Lada was most recently Vice President of Finance for Tank Holding Corp., and, prior thereto, held various financial roles of increasing responsibility at Cantel Medical Corporation, including Vice President, Investor Relations & Treasury, Chief Financial Officer of


the Global Medical Division, and Chief Financial Officer, Europe, Middle East & Africa. Mr. Lada has also held a range of financial leadership positions with General Electric Company, IDEX Corporation & Medtronic Inc. over his career.

Mr. Wiora joined the Company in June 2022 and has served in a variety of roles at the Company, including most recently as Vice President, Corporate Controller. Prior to joining the Company, Mr. Wiora served as a Divisional Chief Financial Officer with Honeywell International Inc. and held various accounting and finance positions of increasing responsibility, including Global Division Controller with Illinois Tool Works Inc. Mr. Wiora is a licensed certified public accountant and has more than fifteen years of experience in accounting and finance with publicly traded companies.

“We remain confident and excited about 2025 and beyond and in the long-term opportunities of our strategic initiatives. As we look ahead, we will continue to build upon the strong foundation Ryan, Matt, and the entire team have built that will enable us to seize the incredible opportunities before us. Together, we are well-positioned to drive innovation, strengthen our market leadership, and deliver long-term, sustainable growth and margin expansion,” concluded Singh.

###

About The AZEK® Company
The AZEK Company Inc. (NYSE: AZEK) is the industry-leading designer and manufacturer of beautiful, low maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and StruXure® pergolas. Consistently awarded and recognized as the market leader in innovation, quality, aesthetics and sustainability, our products are made from up to 85% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly, and stylish solution to consumers. Leveraging the talents of its approximately 2,000 employees and the strength of relationships across its value chain, The AZEK Company is committed to accelerating the use of recycled material in the manufacturing of its innovative products, keeping hundreds of millions of pounds of waste and scrap out of landfills each year, and revolutionizing the industry to create a more sustainable future. The AZEK Company has recently been named one of America’s Most Responsible Companies by Newsweek, a Top Workplace by the Chicago Tribune and U.S. News and World Report, one of TIME’s World’s Best Companies in Sustainable Growth for 2025, and celebrated in Fast Company’s 2024 Brands That Matter list, where TimberTech was highlighted as a benchmark brand. Headquartered in Chicago, Illinois, the company operates manufacturing and recycling facilities in Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan, Minnesota and Texas.

Investor Relations Contact:
Eric Robinson
312-809-1093
ir@azekco.com

Media Contact:                     
Amanda Cimaglia                    
312-809-1093                        
media@azekco.com

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Dec. 30, 2024
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Document Type 8-K
Document Period End Date Dec. 30, 2024
Entity Registrant Name The AZEK Company Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-39322
Entity Tax Identification Number 90-1017663
Entity Address, Address Line One 1330 W Fulton Street, Suite 350
Entity Address, City or Town Chicago
Entity Address, State or Province IL
Entity Address, Postal Zip Code 60607
City Area Code (877)
Local Phone Number 275-2935
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Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock, par value $0.001 per share
Trading Symbol AZEK
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001782754
Amendment Flag false
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