M/I Homes, Inc 8-K, filed Aug 11, 2020
M/I Homes, Inc. (MHO)
8-K
2020-08-11
For: 2020-08-11
View Original
Added on
April 10, 2026
About this 8-K
M/I Homes, Inc filed this 8-K on August 11, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
| CURRENT REPORT | ||
| Pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934 | ||
Date of Report (Date of earliest event reported): August 11, 2020
| (Exact name of registrant as specified in its charter) | ||||||||||||||||||||||||||
| (State or other jurisdiction | (Commission | (I.R.S. Employer | ||||||||||||||||||||||||
| of incorporation) | File Number) | Identification No.) | ||||||||||||||||||||||||
(Address of principal executive offices) (Zip Code)
(614 ) 418-8000
(Telephone Number)
| N/A | ||
| (Former name or former address, if changed since last report) | ||
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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
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; Elections of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) Appointment of New Director
On August 11, 2020, the Board of Directors (the “Board”) of M/I Homes, Inc. (the “Company”) (1) increased the number of directors that comprise the Board from nine to ten directors in accordance with the Company’s Amended and Restated Regulations and (2) upon the recommendation of the Board’s Nominating and Governance Committee, elected Kumi D. Walker, the Chief Business Development & Strategy Officer of Root Insurance, Inc., to the Board effective immediately to fill the director’s office created by such increase. Mr. Walker will serve on the Board until the 2021 Annual Meeting of Shareholders and until his successor is duly elected and qualified or until his earlier death, resignation or removal.
In connection with his election, the Board determined that Mr. Walker qualifies as an independent director under the New York Stock Exchange rules. There were no arrangements or understandings between Mr. Walker and any other persons, pursuant to which Mr. Walker was selected as a director. No information is required to be disclosed with respect to Mr. Walker or his immediate family members pursuant to Item 404(a) of Regulation S-K. Mr. Walker will receive the same compensation as the Company’s other non-employee directors as described in the Company’s Proxy Statement for the 2020 Annual Meeting of Shareholders under the caption “Compensation of Directors.” A copy of the press release announcing Mr. Walker’s election is attached hereto as Exhibit 99.1.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. | Description of Exhibit | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document).* | |||||||
*Submitted electronically with this Report in accordance with the provisions of Regulation S-T.
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.
Date: August 11, 2020
M/I Homes, Inc.
By: | /s/ Ann Marie W. Hunker | ||||
Ann Marie W. Hunker | |||||
Vice President, Controller and Chief Accounting Officer | |||||
Exhibit 99.1
KUMI D. WALKER
JOINS M/I HOMES BOARD
Columbus, Ohio (August 11, 2020) – M/I Homes, Inc. (NYSE: MHO) today announced that Kumi D. Walker, Chief Business Development & Strategy Officer for Root Insurance, Inc., has been appointed to the M/I Homes Board of Directors effective August 11, 2020. Mr. Walker will be filling a newly added seat to the M/I Homes Board.
In making the announcement, M/I Homes Chairman and CEO Robert H. Schottenstein stated: “We are pleased and honored to have Kumi Walker join our Board. He is a highly respected, proven leader with exceptional skills in business development, e-commerce, and digital media solutions. His expertise and acumen in these areas will greatly benefit our Company.”
In his role as Chief Business Development & Strategy Officer for Root Insurance, Kumi Walker leads strategy, business development, enterprise technology and corporate development. Prior to his role at Root Insurance, Mr. Walker held leadership roles with extensive business development experience across several technology-driven industries. Most recently, he was General Manager of Live Video, and Global Head of Platform Business Development for Twitter.
M/I Homes, Inc. is one of the nation’s leading builders of single-family homes, having sold over 120,000 homes. The Company’s homes are marketed and sold primarily under the trade names M/I Homes and Showcase Collection (exclusively by M/I Homes), and are also currently sold under the name Hans Hagen Homes in the Minneapolis/St. Paul, Minnesota market. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; and Charlotte and Raleigh, North Carolina.
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “targets,” “envisions,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements. These statements involve a number of risks and uncertainties. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those in such forward-looking
statements as a result of various factors, including, without limitation, factors relating to the economic environment, including the impact of COVID-19, interest rates, availability of resources, competition, market concentration, land development activities, integration of acquisitions, construction defects, product liability and warranty claims and various governmental rules and regulations, as more fully discussed in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2019, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission. All forward-looking statements made in this press release are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. We undertake no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent filings, releases or presentations should be consulted.
Contact M/I Homes, Inc.
Kevin C. Hake, Senior Vice President, Treasurer, (614) 418-8227
Ann Marie W. Hunker, Vice President, Controller, (614) 418-8225