MERITAGE HOMES CORPORATION (NYSE:MTH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS;ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS
into an amendment to the employment agreement with Phillippe
Lord, Executive Vice President and COO, dated February 14, 2017.
The amendment corrected an inconsistency in the February 14, 2017
agreement with respect to the upper end of the Bonus range
payable to Mr. Lord for Performance Periods beginning on and
after January 1, 2017. The Compensation Committee had approved on
November 14, 2016 a Bonus amount ranging from 0% to 170.5% of Mr.
Lord’s Target Bonus, but the original agreement incorrectly
reflected a range of 0% to 150%.
|
10.1
|
Amendment to Phillippe Lord Employment Agreement
|
About MERITAGE HOMES CORPORATION (NYSE:MTH)
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family detached homes. It operates in two segments: homebuilding and financial services. It offers a range of homes that are designed to offer to a range of homebuyers. It has homebuilding operations in over three regions: West, which includes Arizona, California Central and East; Central region, which includes Texas, and the East region includes Florida, Georgia, North Carolina, South Carolina and Tennessee. Its homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services. Its homebuilding and marketing activities are conducted under the Meritage Homes brand, other than in Tennessee, where it operates under the Phillips Builders brand, and in the Atlanta and Greenville markets, where it operates under the Legendary Communities brand. MERITAGE HOMES CORPORATION (NYSE:MTH) Recent Trading Information
MERITAGE HOMES CORPORATION (NYSE:MTH) closed its last trading session up +0.85 at 41.05 with 557,368 shares trading hands.
