Landsea Homes Corporation filed SEC Form 8-K: Leadership Update
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 16, 2024, Landsea Homes Corporation (the “Company”) eliminated the position of Chief Accounting Officer, effective as of May 17, 2024. As a result, effective as of May 17, 2024, Dilliana Stewart’s employment as the Company’s Chief Accounting Officer and Senior Vice President was terminated without cause. Ms. Stewart’s departure was not related to any disagreement with the Company on any matter relating to the Company’s accounting principles or practices, financial statement disclosures, internal controls, management or operations.
Effective May 17, 2024, Christopher Porter, the Company’s Chief Financial Officer, assumed the additional duties of the Company’s principal accounting officer. No additional compensation will be paid in connection with the performance of such additional responsibilities. Mr. Porter has no family relationships with any director or executive officer of the Company, and there are no arrangements or understandings with any person pursuant to which he was selected as principal accounting officer of the Company. In addition, there have been no transactions directly or indirectly involving Mr. Porter that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended, other than as disclosed in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 24, 2024 (the “2024 Proxy Statement”). Such disclosure is incorporated herein by reference. Mr. Porter’s biographical information is set forth in the 2024 Proxy Statement and is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LANDSEA HOMES CORPORATION | ||
| Date: May 21, 2024 | By: | /s/ C. Kelly Rentzel |
| Name: C. Kelly Rentzel | ||
| Title: General Counsel |