Beazer Homes USA Executive Compensation Details

Ticker: BZH · Form: DEF 14A · Filed: Dec 20, 2024 · CIK: 915840

Beazer Homes Usa INC DEF 14A Filing Summary
FieldDetail
CompanyBeazer Homes Usa INC (BZH)
Form TypeDEF 14A
Filed DateDec 20, 2024
Risk Levellow
Pages15
Reading Time19 min
Key Dollar Amounts$140 million, $4.53, $776.5 million, $2.33 BILLION, $140.2 MILLION
Sentimentneutral

Sentiment: neutral

Topics: executive-compensation, proxy-statement, equity-awards

TL;DR

Beazer Homes USA dropped its proxy statement detailing exec pay for FY24. Focus on equity awards.

AI Summary

Beazer Homes USA, Inc. filed its DEF 14A on December 20, 2024, detailing executive compensation for the fiscal year ending September 30, 2024. The filing includes information on equity awards granted to its named executive officers, with specific details on awards outstanding and unvested as of the fiscal year-end.

Why It Matters

This filing provides transparency into how Beazer Homes USA compensates its top executives, which can influence investor decisions and perceptions of company governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing detailing executive compensation and is not indicative of immediate financial risk.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose of this DEF 14A filing is to provide information regarding the solicitation of proxies for the company's annual meeting of stockholders, including details on executive compensation.

What fiscal year does the compensation information primarily cover?

The compensation information primarily covers the fiscal year ending September 30, 2024.

What specific type of compensation is highlighted in the filing's summary tables?

The filing highlights equity awards granted to named executive officers, including those outstanding and unvested.

When was Beazer Homes USA, Inc. incorporated?

The filing does not explicitly state the incorporation date, but it indicates the state of incorporation is Delaware (DE).

What is Beazer Homes USA, Inc.'s Standard Industrial Classification (SIC) code?

Beazer Homes USA, Inc.'s SIC code is 1531, which falls under Operative Builders.

Filing Stats: 4,634 words · 19 min read · ~15 pages · Grade level 13.6 · Accepted 2024-12-20 10:36:52

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION HIGHLIGHTS

EXECUTIVE COMPENSATION HIGHLIGHTS Base Salaries (PG. 35) Mr. Merrill's base salary for fiscal 2024 was $1,030,000, which was unchanged from fiscal 2023; Mr. Goldberg's base salary for fiscal 2024 was increased by 5.5% to $625,000; and Mr. Belknap's base salary for fiscal 2024 was $592,250, which was unchanged from fiscal 2023. With the exception of Mr. Dunn, whose target total compensation is intended to be subject to a multi-year upward adjustment process associated with his appointment as the Company's Senior Vice President, General Counsel and Corporate Secretary, the salaries for our named executive officers (NEOs) were approved by the Human Capital Committee to closely align with the 2024 Peer Group 50th percentile market values, individually and in the aggregate. In connection with his retirement, Mr. Belknap continued to receive his base salary through the end of fiscal 2024. Additionally, in connection with Mr. Dunn's appointment as the Company's Senior Vice President, General Counsel and Corporate Secretary, effective August 1, 2024, the Board, based on the recommendation of the Committee, adjusted his base salary to $350,000. In doing so, the Board and the Committee considered, among other factors, the roles and responsibilities that Mr. Dunn would have in his new position with the Company, his prior experience and knowledge of the Company and Mr. Merrill's recommendation regarding Mr. Dunn's base salary. Mr. Dunn's weighted average base salary for fiscal 2024 was $285,408. Short-Term Incentive Opportunities (PGS. 36-38) For fiscal 2024, the target short-term incentive award opportunity (expressed as percentages of base salary) for Mr. Merrill was increased to 225% compared to 200% in fiscal 2023. The target short-term incentive award opportunity for Mr. Goldberg was increased to 135% in fiscal 2024 compared to 125% in fiscal 2023. These increases in target short-term award opportunities for Messrs. Merrill and Goldberg were made to align target awar

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 47 Summary Compensation Table 47 All Other Compensation 48 Grants of Plan-Based Awards Table 48 Outstanding Equity Awards at Fiscal Year End Table 50 Option Exercises and Stock Vested Table 51 Non-Qualified Deferred Compensation Table 51 Potential Payments Upon Termination or Change of Control 52 Pay Ratio 54 Pay vs. Performance 55

SECURITY OWNERSHIP

SECURITY OWNERSHIP 59 Greater Than 5%Beneficial Owners 59 Executive Officers and Directors 60 EXECUTIVE OFFICERS BIOGRAPHICAL INFORMATION 61 TRANSACTIONS WITH RELATED PERSONS 62 PROPOSALS FOR THE NEXT ANNUAL MEETING 62 OTHER INFORMATION 63 ANNEX I — NON-GAAP RECONCILIATION A ix t PROXY GENERAL This proxy statement contains information about the 2025 annual meeting of stockholders of Beazer Homes USA, Inc. In this proxy statement, both "Beazer" and the "Company" refer to Beazer Homes USA, Inc. This proxy statement and the enclosed proxy card are being made available to you by the Company's Board of Directors starting on or about December 20, 2024. PURPOSE OF THE ANNUAL MEETING At the Company's annual meeting, stockholders will vote on the following matters: l Proposal 1: election of directors; l Proposal 2: ratification of appointment of Deloitte & Touche LLP as the Company's independent auditors; l Proposal 3: approval of an advisory vote on the compensation of the Company's named executive officers; l Transaction of any other business that properly comes before the meeting or any adjournments or postponements thereof. As of the date of this proxy statement, the Company is not aware of any other business to come before the meeting. WHO CAN VOTE Only stockholders of record holding shares of Beazer common stock at the close of business on the record date, December 12, 2024, are entitled to receive notice of the annual meeting and to vote the shares of Beazer common stock they held on that date. A complete list of stockholders entitled to vote at the annual meeting will be available for examination by any Beazer stockholder at 2002 Summit Boulevard NE, 15th Floor, Atlanta, Georgia 30319, for purposes relating to the annual meeting, during normal business hours for a period of ten days before the meeting. As of December 12, 2024, there were 31,202,739 shares of Beazer common stock issued and outstanding. Hold

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