LGI Homes Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$LGIH
Homebuilding
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported): April 25, 2024
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||
(281 ) 362-8998
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the annual meeting of stockholders of LGI Homes, Inc. (the “Company”) held on April 25, 2024, the matters voted upon and the number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes as to such matters, were as stated below. The proposals related to each matter are described in the Company’s definitive proxy statement for the annual meeting, which was filed with the Securities and Exchange Commission on March 15, 2024.
Election of Directors (Item 1)
The following nominees for director were elected to serve one-year terms expiring at the Company’s 2025 annual meeting of stockholders:
| Nominee | For | Withheld | Broker Non-Votes | |||||||||||||||||
| Ryan Edone | 19,409,524 | 249,150 | 1,572,319 | |||||||||||||||||
| Eric Lipar | 19,491,245 | 167,429 | 1,572,319 | |||||||||||||||||
| Shailee Parikh | 19,504,594 | 154,080 | 1,572,319 | |||||||||||||||||
| Bryan Sansbury | 19,268,453 | 390,221 | 1,572,319 | |||||||||||||||||
| Maria Sharpe | 19,571,644 | 87,030 | 1,572,319 | |||||||||||||||||
| Steven Smith | 16,788,231 | 2,870,443 | 1,572,319 | |||||||||||||||||
| Robert Vahradian | 19,269,523 | 389,151 | 1,572,319 | |||||||||||||||||
Ratification of Appointment of Independent Registered Public Accounting Firm (Item 2)
The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 18,907,659 | 125,697 | 3,365 | — | |||||||||||||||||
Advisory Vote to Approve the Compensation Paid to the Named Executive Officers for 2023 (Item 3)
The advisory vote on the compensation paid to the named executive officers for 2023 was approved:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 17,160,304 | 293,861 | 10,237 | 1,572,319 | |||||||||||||||||
Advisory Vote to Approve the Frequency of Future Stockholder Advisory Votes on Executive Compensation (Item 4)
The results of the advisory vote on the frequency of future stockholder advisory votes on executive compensation were
| 1 Year | 2 Years | 3 Years | Abstentions | |||||||||||||||||
| 16,028,592 | 17,514 | 1,412,782 | 5,514 | |||||||||||||||||
In light of the results of the advisory vote on the frequency of future stockholder advisory votes on executive compensation, the Board of Directors of the Company has determined that the Company will hold a non-binding advisory vote on executive compensation every year, until the next required non-binding advisory vote on the frequency of future stockholder advisory votes on executive compensation.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
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.
| Dated: April 30, 2024 | ||||||||
| LGI HOMES, INC. | ||||||||
| By: | /s/ Eric Lipar | |||||||
| Eric Lipar | ||||||||
| Chief Executive Officer and Chairman of the Board | ||||||||