WILLIAM LYON HOMES (NYSE:WLH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e) On February17, 2017, the Compensation Committee of the Board
of Directors (the Committee) of William Lyon Homes, a Delaware
corporation (the Company), approved an increase to the base
salary, target cash bonus opportunity and target number of shares
of Company common stock underlying equity awards under the
Companys long-term incentive program for certain Company named
executive officers as follows:
|
Name |
Title |
2017 Base Salary |
2017 Target Cash Bonus Opportunity |
Target Number of Shares |
||||
|
Matthew R. Zaist |
President and Chief Executive Officer | $900,000 | $1,700,000 | 117,544 shares | ||||
|
Colin T. Severn |
Senior Vice President and Chief Financial Offcer | $350,000 | $400,000 | 37,870 shares |
In addition, the Committee approved a reduction in the base
salary compensation of General William Lyon, Chairman Emeritus of
the Company, to $250,000, commensurate with his reduced level of
service to the Company commencing in 2017.
About WILLIAM LYON HOMES (NYSE:WLH)
William Lyon Homes is a regional homebuilder. The Company is engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington and Oregon. The Company operates through six segments: California, Arizona, Nevada, Colorado, Washington and Oregon. The Company’s California Segment consists of operations in Orange, Los Angeles, San Diego, Riverside, San Bernardino, Alameda, Contra Costa and San Joaquin counties. The Arizona Segment consists of operations in the Phoenix metropolitan area. The Nevada Segment consists of operations in Clark and Nye counties. The Colorado Segment consists of operations in Douglas, Grand, Jefferson and Larimer counties. The Washington Segment consists of operations in King, Snohomish and Pierce counties. The Oregon Segment consists of operations in Clackamas and Washington counties. The Company owns approximately 13,480 lots. WILLIAM LYON HOMES (NYSE:WLH) Recent Trading Information
WILLIAM LYON HOMES (NYSE:WLH) closed its last trading session up +0.84 at 18.84 with 385,484 shares trading hands.