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

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
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On February15, 2018, the Compensation Committee of the Board of Directors (the “Committee”) of William Lyon Homes, a Delaware corporation (the “Company”), approved the following changes to the 2018 target compensation levels for certain of the Company’s named executive officers. The base salary, target cash bonus opportunity and target number of shares of Company common stock underlying equity awards under the Company’s long-term incentive program for such Company named executive officers, as approved by the Committee, are as follows:

Name

Title

2018 Base Salary 2018 Target Cash Bonus Opportunity Target Number of Shares

William H. Lyon

ExecutiveChairman $ 800,000 $ 1,600,000 47,673shares

Colin T. Severn

SeniorVicePresidentand Chief Financial Officer $ 400,000 $ 500,000 25,743 shares

Jason R. Liljestrom

SeniorVicePresident, General Counsel and Corporate Secretary $ 350,000 $ 425,000 17,162 shares

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