Beazer Homes CEO Allan Merrill's Compensation Restructured
Ticker: BZH · Form: 8-K · Filed: Aug 12, 2024 · CIK: 915840
Sentiment: neutral
Topics: executive-compensation, employment-agreement, ceo
Related Tickers: BZH
TL;DR
Beazer Homes just inked a new deal for CEO Allan Merrill, adjusting his pay package.
AI Summary
On August 6, 2024, Beazer Homes USA, Inc. announced changes to its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its President and Chief Executive Officer, Allan P. Merrill, effective August 6, 2024. This agreement outlines his new base salary, potential bonus opportunities, and equity awards.
Why It Matters
Changes to CEO compensation can signal management's confidence in future performance or reflect adjustments to align incentives with strategic goals.
Risk Assessment
Risk Level: low — This filing primarily concerns executive compensation and employment agreements, which typically carry a low direct risk to the company's overall operations.
Key Players & Entities
- Beazer Homes USA, Inc. (company) — Registrant
- Allan P. Merrill (person) — President and Chief Executive Officer
- August 6, 2024 (date) — Effective date of new employment agreement
FAQ
What is the effective date of Allan P. Merrill's new employment agreement?
The new employment agreement for Allan P. Merrill is effective August 6, 2024.
Who is the President and Chief Executive Officer of Beazer Homes USA, Inc. mentioned in the filing?
Allan P. Merrill is the President and Chief Executive Officer of Beazer Homes USA, Inc.
What type of changes were made regarding Allan P. Merrill's role?
The filing indicates changes to his executive compensation arrangements and a new employment agreement.
What is the exact name of the company filing this report?
The exact name of the registrant is BEAZER HOMES USA, INC.
What is the primary subject matter of this 8-K filing?
This 8-K filing primarily concerns the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 476 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-08-12 08:47:01
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value BZH New York Stock Exchan
Filing Documents
- d746839d8k.htm (8-K) — 22KB
- 0001193125-24-198430.txt ( ) — 140KB
- bzh-20240806.xsd (EX-101.SCH) — 3KB
- bzh-20240806_lab.xml (EX-101.LAB) — 18KB
- bzh-20240806_pre.xml (EX-101.PRE) — 11KB
- d746839d8k_htm.xml (XML) — 4KB
Signatures
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. Date: August 12, 2024 BEAZER HOMES USA, INC. By: /s/ Michael A. Dunn Michael A. Dunn Senior Vice President, General Counsel and Corporate Secretary