8-K
Meritage Homes CORP (MTH)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) March 9, 2020
_______________________
MERITAGE HOMES CORPORATION
(Exact Name of Registrant as Specified in Charter)
| Maryland | 1-9977 | 86-0611231 |
|---|---|---|
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File<br>Number) | (IRS Employer<br>Identification No.) |
8800 E. Raintree Drive, Suite 300, Scottsdale, Arizona 85260
(Address of Principal Executive Offices, including Zip Code)
(480) 515-8100
(Registrant’s telephone number, including area code)
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): | |||
|---|---|---|---|
| ☐ | 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 or to be 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 $.01 par value | MTH | 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 and 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 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 ARRANGEMENTS OF CERTAIN OFFICERS
On March 10, 2020, we announced in a press release that effective March 9, 2020, the Board of Directors appointed P. Kelly Mooney as a Class I Director. Ms. Mooney is the former chief experience officer of IBM iX North America, one of the largest digital consultancies in the world. Prior to her time with IBM iX, she was co-owner and CEO of Resource/Ammirati, a strategic digital marketing firm.
A copy of the press release announcing the election of Ms. Mooney is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
| Exhibit Number | Description |
|---|---|
| 99.1 | Press Release |
| 104 | The cover page for this Current Report on Form 8-K, formatted in Inline XBRL. |
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: March 10, 2020
| MERITAGE HOMES CORPORATION | |
|---|---|
| /s/ | C. Timothy White |
| By: | C. Timothy White |
| Executive Vice President and General Counsel |
Document
Exhibit 99.1
Meritage Homes Corporation Elects Kelly Mooney to Its Board of Directors
SCOTTSDALE, Ariz., - March 09, 2020 - Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, announced the appointment of P. Kelly Mooney to its Board of Directors as an independent director.
| Ms. Mooney brings to the Meritage Board more than twenty years of experience in consulting services with an expertise in integrated marketing, digital experience and innovation to drive business growth. A seasoned technology and marketing executive, she has helped shape the strategy and roadmap for multiple world-class brands. |
|---|
Ms. Mooney is the former chief experience officer of IBM iX North America, one of the largest digital consultancies in the world. Prior to her time with IBM iX, she held various executive roles for Resource/Ammirati, a strategic digital marketing firm. As co-owner and chief executive officer of the firm, Ms. Mooney helped transform Resource/Ammirati into one of the largest independent and female-owned digital agencies in the U.S., before selling the firm to IBM in 2016.
"Kelly possesses a strong strategic background and customer-centric perspective, which will complement our Board’s breadth of talent and experience,” said Meritage Homes Chairman and Chief Executive Officer Steven J. Hilton. “Her ability to identify and shape relevant customer experiences will help Meritage enhance its brand strategy, reach more customers and create deeper engagement.”
Ms. Mooney also serves as a member of the Board of Directors of Sally Beauty Holdings, Inc., an international specialty retailer and distributor of professional beauty supplies, and J.Jill, Inc., a nationally recognized women’s apparel brand. She will stand for election at the Company’s next annual shareholder meeting on May 21, 2020.
About Meritage Homes Corporation:
Meritage Homes is the seventh-largest public homebuilder in the United States, based on homes closed in 2019. Meritage offers a variety of homes that are designed with a focus on first-time and first move-up buyers in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.
The Company has designed and built over 125,000 homes in its 35-year history, and has a reputation for its distinctive style, quality construction, and positive customer experience. Meritage is the industry leader in energy-efficient homebuilding and has received the U.S. Environmental Protection Agency’s ENERGY STAR® Partner of the Year for Sustained Excellence Award every year since 2013 for innovation and industry leadership in energy efficient homebuilding.
For more information, visit www.meritagehomes.com.
Contacts
Meritage Homes Corporation
Brent Anderson, 972-580-6360
VP Investor Relations
media@meritagehomes.com