M.D.C. Holdings, Inc (NYSE:MDC) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

7 years ago

M.D.C. Holdings, Inc (NYSE:MDC) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07(d) of Form 8-K and in light of the voting results with
respect to the non-binding advisory vote on the frequency of
future non-binding advisory votes on the compensation of the
Companys named executive officers (say-on-pay), the Companys
decision as to how frequently the Company will conduct future
shareholder advisory say-on-pay votes.

ITEM 5.07

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

(d)

On June 26, 2017, the Companys Board of Directors
determined that the Company will continue to hold advisory
say-on-pay votes on an annual basis until the earlier of
the next vote on the frequency of such say-on-pay votes or
the Boards determination, in its discretion, that it is
appropriate to hold such votes on a less frequent basis.

About M.D.C. Holdings, Inc (NYSE:MDC)
M.D.C. Holdings, Inc. is engaged in two primary operations, such as homebuilding and financial services. The Company’s homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. Its homebuilding operations consists of homebuilding divisions that the Company considers to be its operating segments. Its financial services operations consists of HomeAmerican Mortgage Corporation (HomeAmerican), Allegiant Insurance Company, Inc., StarAmerican Insurance Ltd., and American Home Insurance Agency, Inc. The Company’s operating segments include West (includes operating segments located in Arizona, California, Nevada and Washington); Mountain (includes operating segments located in Colorado and Utah), and East (includes operating segments located in Virginia, Florida and Maryland).