Meritage Homes Appoints Erin Lantz to its Board of Directors

Core Points - Meritage Homes has appointed Erin Lantz as an independent director to its Board of Directors, effective October 14, 2024, increasing the board size to 11 directors [1] - The appointment reflects the company's commitment to board refreshment and diversity of thought [4] - The Board plans to consider Ms. Lantz for committee appointments in upcoming meetings [1] Company Background - Meritage Homes is the fifth-largest public homebuilder in the U.S., focusing on energy-efficient and affordable homes [10] - The company has delivered over 185,000 homes in its 38-year history and is recognized for quality construction and customer experience [11] Erin Lantz's Experience - Ms. Lantz has over 20 years of leadership experience in technology-related offerings, currently serving as Chief Revenue Officer for Ethos [2] - She has held significant positions at Zillow Group and Bank of America, bringing valuable insights to the board [2][3] - Her public company director experience includes roles at Blend Labs, TrueCar, and Washington Federal [3] Board Declassification Proposal - The Board has approved a proposal to declassify the Board of Directors, which will be presented to stockholders at the 2025 annual meeting [5] - This move is in response to stockholder feedback favoring annually elected boards for increased accountability [5] - The declassification aligns with the company's refreshment initiative to transition longer-tenured directors over time [5] Governance and Communication - The company plans to file a proxy statement with the SEC regarding the Declassification Proposal, urging stockholders to review the materials [6] - Key participants in the solicitation of proxies include the executive chairman and other directors [7][8]