First Amendment to Employment Agreement between BlueLinx Corporation and Stephen E. Macadam

Summary

BlueLinx Corporation and Stephen E. Macadam have amended their employment agreement to postpone a scheduled $50,000 salary increase for Mr. Macadam from 2008 to 2009, keeping his 2008 base salary at $750,000 and raising it to $800,000 in 2009. The amendment also extends Mr. Macadam's employment period by one year, now ending December 31, 2009. This change reflects the company's cost-cutting measures in response to market conditions.

EX-10.1 2 g11302exv10w1.htm EX-10.1 FIRST AMENDMENT TO EMPLOYMENT AGREEMENT WITH STEPHEN E. MACADMAN EX-10.1 FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

EXHIBIT 10.1

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) is entered into as of January 8, 2008, between BLUELINX CORPORATION, a Georgia Corporation (the “Company”) and STEPHEN E. MACADAM (“Executive”).

WHEREAS, Executive and Company entered into an Employment Agreement (the “Agreement”) dated October 20, 2005; and

WHEREAS, the Executive desires to postpone his contractual right under Section 4(b) of the Agreement to an increase in his Base Salary of $50,000 in 2008 in recognition of the Company’s decision to not provide salary increases to its officers in 2008 as part of its cost cutting initiatives in response to the severe housing market in which it currently operates; and

WHEREAS, the Executive’s Employment Period under the Agreement expires on December 31, 2008 as provided under Section 5 (a) of the Agreement, subject to a one-year extension; and

WHEREAS, the Company is in agreement with postponing Executive’s contractual right to a salary increase in 2008 until 2009 and to extending Executive’s Employment Period for an additional year;

NOW THEREFORE, the Executive and Company agree to extend the Employment Period under the Agreement for an additional year until December 31, 2009 and further agree that Executive’s Base Salary shall remain $750,000 for 2008 and shall be increased to $800,000 per year in 2009 rather than in 2008.

The parties are signing this First Amendment to the Agreement as of the date stated in the introductory clause.


EXECUTIVE		BLUELINX CORPORATION

/s/ Stephen E. Macadam		/s/ Barbara Tinsley

Stephen E. Macadam		Barbara Tinsley Senior Vice President, General Counsel, & Secretary