8-K

Green Brick Partners, Inc. (GRBK)

8-K 2022-04-19 For: 2022-04-18
View Original
Added on April 04, 2026

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): April 18, 2022

Green Brick Partners, Inc.

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(Exact name of registrant as specified in its charter)

Delaware 001-33530 20-5952523
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)
2805 Dallas Pkwy , Ste 400
Plano , TX 75093 (469) 573-6755
(Address of principal executive offices, including Zip Code) (Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report) Not Applicable

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:

☐ 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
Common Stock, par value $0.01 per share GRBK The New York Stock Exchange
Depositary Shares (each representing a 1/1000th interest in a share of 5.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share) GRBK PRA The 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 ☐

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. ¨

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

On April 18,2022, the Board of Directors (the “Board) of Green Brick Partners, Inc. (the “Company”) appointed Lila Manassa Murphy to the Company’s Board, effective immediately. Ms. Manassa Murphy will serve as a director for a term expiring at the 2022 Annual Meeting of Stockholders, at which time she will stand for re-election. Concurrent with her appointment, the Board was expanded to eight directors. Ms. Manassa Murphy will serve on the Audit Committee of the Board.

The Board has determined that Ms. Manassa Murphy qualifies as independent under applicable New York Stock Exchange listing standards. There are no arrangements or understanding between Ms. Manassa Murphy and any other persons concerning her appointment as a director. Neither Ms. Manassa Murphy nor any immediate family member of Ms. Manassa Murphy has been a participant in any transaction or currently proposed transaction with the Company that is reportable under Item 404(a) of Regulation S-K.

Ms. Manassa Murphy will participate in the standard non-employee director compensation arrangements described under the heading “Director Compensation” in the Company’s Definitive Proxy Statement on Schedule 14A for the Company’s 2021 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on April 23, 2021.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
99 Press release issued by Green Brick Partners, Inc., on April 19, 2022
104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).

SIGNATURE

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.

GREEN BRICK PARTNERS, INC.
By: /s/ Richard A. Costello
Richard A. Costello
Chief Financial Officer

Date: April 19, 2022

Document

FOR IMMEDIATE RELEASE

Green Brick Partners, Inc. Announces the Appointment of Lila Manassa Murphy to its Board of Directors

PLANO, TEXAS, April 19, 2022 – Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”), Fortune Magazine’s top 20 fastest-growing company of 2021 and its fastest-growing public homebuilder, announced today that it has appointed Lila Manassa Murphy, CFA as a new independent director to the Green Brick Partners Board of Directors. Ms. Manassa Murphy will be filling a newly added seat on the GRBK Board.

Since May 2021, Ms. Lila Manassa Murphy has served as EVP and Chief Financial Officer of Dundee Corporation, a public Canadian independent holding company, focused on holding and managing investments in the mining, energy, natural resources, agriculture, and real estate industries. Ms. Manassa Murphy previously served on the board and audit committee of Dundee Corporation, from August 2018 to March 2021. Ms. Manassa Murphy founded Intrinsic Value Partners, LLC in 2018 a provider of consulting services to asset management firms and family offices. Previously, she was Vice President and Portfolio Manager at Federated Hermes, Inc., a Fortune 500, ESG-focused investment firm.

“We are honored to have Ms. Manassa Murphy join our Board,” said Jim Brickman, CEO and Co-Founder of Green Brick Partners. “Her experience in real estate finance and work as a public company director brings to the Board a well-rounded background that includes sustainability, finance, accounting, and risk assessment. As we continue to grow, her unique perspective will be critical in driving the long-term success of Green Brick Partners.”

Ms. Manassa Murphy has more than 25 years of diverse investment management experience and sits on the board and finance committee of Sustainable Development Strategies Group, a US-based independent non-profit research institute advancing best practices for sustainable management of natural resources. She is a Chartered Financial Analyst and a member of the Latino Corporate Directors Association.

About Green Brick Partners, Inc.

Green Brick Partners, Inc. is a diversified homebuilding and land development company operating through eight homebuilder brands in five major markets. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group), and an 80% interest in a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also owns a noncontrolling interest in Challenger Homes in Colorado Springs, Colorado, and retains interests in related financial services platforms, including Green Brick Title, Green Brick Mortgage, and BHome Mortgage. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. For more information about Green Brick Partners’ subsidiary homebuilders, please visit greenbrickpartners.com/homebuilders.

Media Contact: <br>Shalott Cecchini<br><br>Director of Marketing<br><br>scecchini@greenbrickpartners.com Investor Relations Contact: <br>Benting Hu<br><br>Vice President of Finance<br><br>bhu@greenbrickpartners.com