Meritage Homes Reports Officer/Director Changes, Comp Arrangements

TL;DR

**Meritage Homes just filed an 8-K about executive changes and pay, keep an eye on leadership shifts.**

AI Summary

Meritage Homes Corporation filed an 8-K on January 10, 2024, reporting an event that occurred on January 9, 2024. This filing indicates changes related to the departure or election of directors or certain officers, and/or compensatory arrangements for certain officers. While specific names or dollar amounts are not detailed in this summary, such changes can signal shifts in leadership strategy or executive compensation, which could impact the company's future performance and investor confidence. For shareholders, understanding these changes is crucial as they often reflect the company's strategic direction and commitment to executive talent.

Why It Matters

Changes in leadership or executive compensation can signal strategic shifts or impact investor confidence, directly affecting the stock's perceived value and future performance.

Risk Assessment

Risk Level: medium — The filing indicates changes in leadership or compensation, which can introduce uncertainty regarding future company direction and stability, warranting a medium risk assessment.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the personnel changes and compensation arrangements, as these will provide clarity on strategic direction and potential financial impacts.

Key Players & Entities

• Meritage Homes Corporation (company) — the registrant filing the 8-K
• January 9, 2024 (date) — date of the earliest event reported
• January 10, 2024 (date) — date the 8-K was filed
• Maryland (company) — state of incorporation for Meritage Homes Corporation
• Scottsdale, Arizona (company) — location of Meritage Homes Corporation's principal executive offices

FAQ

Key Financial Figures

• $1,000,000 — cer Revised Base Salary Phillippe Lord $1,000,000 Hilla Sferruzza $775,000 Clinton Szub
• $775,000 — llippe Lord $1,000,000 Hilla Sferruzza $775,000 Clinton Szubinski $750,000 Malissia C
• $750,000 M — a Sferruzza $775,000 Clinton Szubinski $750,000 Malissia Clinton $540,000 Javier Felicia
• $540,000 — on Szubinski $750,000 Malissia Clinton $540,000 Javier Feliciano $500,000 Performanc
• $500,000 — ssia Clinton $540,000 Javier Feliciano $500,000 Performance-Based Cash Incentive and
• $3,000,000 — ntive Compensation (1) Phillippe Lord $3,000,000 $5,000,000 Hilla Sferruzza $1,356,250
• $5,000,000 — nsation (1) Phillippe Lord $3,000,000 $5,000,000 Hilla Sferruzza $1,356,250 $1,743,750
• $1,356,250 — $3,000,000 $5,000,000 Hilla Sferruzza $1,356,250 $1,743,750 Clinton Szubinski $1,875,00
• $1,743,750 — $5,000,000 Hilla Sferruzza $1,356,250 $1,743,750 Clinton Szubinski $1,875,000 $2,062,50
• $1,875,000 — 1,356,250 $1,743,750 Clinton Szubinski $1,875,000 $2,062,500 Malissia Clinton $540,000 $
• $2,062,500 M — 1,743,750 Clinton Szubinski $1,875,000 $2,062,500 Malissia Clinton $540,000 $918,000 Javie
• $918,000 — 0 $2,062,500 Malissia Clinton $540,000 $918,000 Javier Feliciano $375,000 $825,000 (
• $375,000 — ton $540,000 $918,000 Javier Feliciano $375,000 $825,000 (1) 50% of the award value i
• $825,000 — 000 $918,000 Javier Feliciano $375,000 $825,000 (1) 50% of the award value is to be c

Filing Documents

• mth-20240109.htm (8-K) — 44KB
• ex101-ecemploymentagreement.htm (EX-10.1) — 200KB
• ex102-ceo2024compensationn.htm (EX-10.2) — 10KB
• ex103-cfo2024compensationn.htm (EX-10.3) — 10KB
• ex104-coo2024compensationn.htm (EX-10.4) — 10KB
• ex105-gc2024compensationno.htm (EX-10.5) — 10KB
• ex106-cpo2024compensationn.htm (EX-10.6) — 10KB
• 0000833079-24-000003.txt ( ) — 500KB
• mth-20240109.xsd (EX-101.SCH) — 2KB
• mth-20240109_def.xml (EX-101.DEF) — 15KB
• mth-20240109_lab.xml (EX-101.LAB) — 28KB
• mth-20240109_pre.xml (EX-101.PRE) — 15KB
• mth-20240109_htm.xml (XML) — 3KB

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description 10.1 Steven J. Hilton Employment Agreement 10.2 Phillippe Lord - Notice of Approved 2024 Compensation 10.3 Hilla Sferruzza - Notice of Approved 2024 Compensation 10.4 Clinton Szubinski - Notice of Approved 2024 Compensation 10.5 Malissia Clinton - Notice of Approved 2024 Compensation 10.6 Javier Feliciano- Notice of Approved 2024 Compensation 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

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 hereunto duly authorized. Dated: January 10, 2024 MERITAGE HOMES CORPORATION /s/ Javier Feliciano By: Javier Feliciano Executive Vice President and Chief People Officer

View Full Filing

View this 8-K filing on SEC EDGAR