• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Meritage Homes Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

    3/7/25 5:16:10 PM ET
    $MTH
    Homebuilding
    Consumer Discretionary
    Get the next $MTH alert in real time by email
    mth-20250307
    0000833079FALSE00008330792025-03-072025-03-07

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, DC 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): March 7, 2025
    _______________________
    MERITAGE HOMES CORPORATION
    (Exact Name of Registrant as Specified in its Charter)
    Maryland1-0997786-0611231
    (State or Other Jurisdiction
    of Incorporation)
    (Commission File
    Number)
    (IRS Employer
    Identification No.)
    18655 North Claret Drive, Suite 400, Scottsdale, Arizona 85255
    (Address of Principal Executive Offices, including Zip Code)
    (480) 515-8100
    (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:
    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbol(s)Name of each exchange on which registered
    Common Stock $.01 par valueMTHNew York Stock Exchange
    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 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

    On March 7, 2025, the Executive Compensation Committee (the "Compensation Committee") of the Company approved increases in certain components of compensation for Phillippe Lord, Chief Executive Officer, Hilla Sferruzza, Executive Vice President and Chief Financial Officer, Clinton Szubinski, Executive Vice President and Chief Operating Officer, Malissia Clinton, Executive Vice President and General Counsel, and Javier Feliciano, Executive Vice President and Chief People Officer, as allowed by each of their respective employment agreements. The compensation for Steven J. Hilton, Executive Chairman, remains unchanged.

    Following is a description of the changes in compensation for each executive. The descriptions contained in this Form 8-K are qualified in their entirety by the terms of the actual notices filed herewith as exhibits to this Form 8-K and incorporated by reference herein.

    Base Salary Compensation
    The base salary for the executives set forth below will be increased effective January 1, 2025 as shown in the table below. The base salary for Mr. Lord remains unchanged.

    Executive OfficerRevised Base Salary
    Hilla Sferruzza$800,000
    Clinton Szubinski$800,000
    Malissia Clinton$560,000
    Javier Feliciano$515,000

    Performance-Based Cash Incentive and Equity (Non-Cash) Compensation

    The target annual cash incentive bonus and target value of equity compensation (non-cash) increased to the amounts noted below.

    Executive OfficerRevised Annual Target Cash Incentive Compensation
    Revised Annual Target (non-cash) Equity Incentive Compensation (1)
    Phillippe Lord$3,250,000$5,500,000
    Hilla Sferruzza$1,400,000$1,800,000
    Clinton Szubinski$2,000,000$2,200,000
    Malissia Clinton$560,000$952,000
    Javier Feliciano$386,250$849,750

    (1) Approximately 50% of the award value is to be comprised of time-based restricted stock units and approximately 50% of the award value is to be comprised of performance-based share awards.



    ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
    (d) Exhibits
    Exhibit NumberDescription
    10.1
    Phillippe Lord - Notice of Approved 2025 Compensation
    10.2
    Hilla Sferruzza - Notice of Approved 2025 Compensation
    10.3
    Clint Szubinski - Notice of Approved 2025 Compensation
    10.4
    Malissia Clinton - Notice of Approved 2025 Compensation
    10.5
    Javier Feliciano - Notice of Approved 2025 Compensation
    104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.





    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: March 7, 2025
     
    MERITAGE HOMES CORPORATION
    /s/Javier Feliciano
    By:Javier Feliciano
    Executive Vice President and Chief People Officer


    Get the next $MTH alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MTH

    DatePrice TargetRatingAnalyst
    5/5/2025$82.00Buy
    BofA Securities
    3/6/2025$70.00Sell → Neutral
    Seaport Research Partners
    12/13/2024$220.00 → $197.00Overweight → Neutral
    Analyst
    11/7/2024Outperform → Mkt Perform
    Raymond James
    10/31/2024$205.00 → $235.00Neutral → Buy
    Goldman
    10/15/2024$160.00 → $195.00Underperform → Neutral
    Wedbush
    8/14/2024$230.00Peer Perform → Outperform
    Wolfe Research
    8/5/2024$153.00Neutral → Sell
    Seaport Research Partners
    More analyst ratings

    $MTH
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Meritage Homes reports first quarter 2025 results

      SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), the fifth-largest U.S. homebuilder, reported first quarter results for the period ended March 31, 2025.   Summary Operating Results (unaudited)(Dollars in thousands, except per share amounts)   Three Months Ended March 31,  2025  2024 % ChgHomes closed (units) 3,416  3,507 (3)%Home closing revenue$1,342,104 $1,466,096 (8)%Average sales price — closings$393 $418 (6)%Home orders (units) 3,876  3,991 (3)%Home order value$1,558,177 $1,631,195 (4)%Average sales price — orders$402 $409 (2)%Ending backlog (units) 2,004  3,033 (34)%Ending backlog value$812,358 $1,244,257 (35)%Average sales price — backlog$

      4/23/25 4:30:00 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Meritage Homes First Quarter 2025 Earnings Conference Call and Webcast Scheduled for April 24, 2025

      SCOTTSDALE, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's first quarter 2025 results on Wednesday, April 23, 2025 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Pacific Standard Time (11:00 a.m. Eastern Standard Time) on Thursday, April 24, 2025. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-877-407-6951 U.S. toll free or 1-412-902-0046. A replay will be available on the Investor Relations page. About Meritage Homes Corporation Meritage is the fifth-largest public homeb

      3/19/25 5:30:35 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Meritage Homes Announces Pricing of $500 Million of 5.650% Senior Notes Due 2035

      SCOTTSDALE, Ariz., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH, "Meritage" or the "Company")) announced today that it has priced a registered underwritten public offering of $500 million aggregate principal amount of 5.650% Senior Notes due 2035 (the "senior notes"). The senior notes will pay interest semi-annually at a rate of 5.650% per year and will mature on March 15, 2035. The closing of the offering is expected to occur on March 6, 2025, subject to the satisfaction of customary closing conditions. Meritage intends to use the net proceeds of the offering for general corporate purposes. J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. L

      2/27/25 5:38:41 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary

    $MTH
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Keough Joseph bought $346,400 worth of MTH Common Stock (5,000 units at $69.28), increasing direct ownership by 15% to 37,700 units (SEC Form 4)

      4 - Meritage Homes CORP (0000833079) (Issuer)

      3/14/25 4:30:21 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Chief Executive Officer Lord Phillippe received a gift of 3,950 units of M/TH COMMON STOCK and gifted 3,950 units of M/TH COMMON STOCK (SEC Form 4)

      4 - Meritage Homes CORP (0000833079) (Issuer)

      3/10/25 4:29:54 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • EVP Chief People Officer Feliciano Javier sold $350,408 worth of MTH Common Stock (4,862 units at $72.07) and was granted 7,074 units of MTH Common Stock, increasing direct ownership by 6% to 36,278 units (SEC Form 4)

      4 - Meritage Homes CORP (0000833079) (Issuer)

      3/4/25 4:31:30 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary

    $MTH
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Keough Joseph bought $346,400 worth of MTH Common Stock (5,000 units at $69.28), increasing direct ownership by 15% to 37,700 units (SEC Form 4)

      4 - Meritage Homes CORP (0000833079) (Issuer)

      3/14/25 4:30:21 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Executive Chairman Hilton Steven J bought $819,610 worth of MTH Common Stock (11,000 units at $74.51) and sold $819,610 worth of MTH Common Stock (11,000 units at $74.51) (SEC Form 4)

      4 - Meritage Homes CORP (0000833079) (Issuer)

      2/12/25 4:31:24 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary

    $MTH
    Financials

    Live finance-specific insights

    See more
    • Meritage Homes reports first quarter 2025 results

      SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), the fifth-largest U.S. homebuilder, reported first quarter results for the period ended March 31, 2025.   Summary Operating Results (unaudited)(Dollars in thousands, except per share amounts)   Three Months Ended March 31,  2025  2024 % ChgHomes closed (units) 3,416  3,507 (3)%Home closing revenue$1,342,104 $1,466,096 (8)%Average sales price — closings$393 $418 (6)%Home orders (units) 3,876  3,991 (3)%Home order value$1,558,177 $1,631,195 (4)%Average sales price — orders$402 $409 (2)%Ending backlog (units) 2,004  3,033 (34)%Ending backlog value$812,358 $1,244,257 (35)%Average sales price — backlog$

      4/23/25 4:30:00 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Meritage Homes First Quarter 2025 Earnings Conference Call and Webcast Scheduled for April 24, 2025

      SCOTTSDALE, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's first quarter 2025 results on Wednesday, April 23, 2025 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Pacific Standard Time (11:00 a.m. Eastern Standard Time) on Thursday, April 24, 2025. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-877-407-6951 U.S. toll free or 1-412-902-0046. A replay will be available on the Investor Relations page. About Meritage Homes Corporation Meritage is the fifth-largest public homeb

      3/19/25 5:30:35 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Meritage Homes Increases Quarterly Cash Dividend and Renews Programmatic Share Repurchase Strategy

      SCOTTSDALE, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH, "Meritage" or the "Company")), the fifth-largest public homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly cash dividend of $0.43 per share. This quarterly cash dividend is payable on March 31, 2025 to shareholders of record as of the close of trading on March 17, 2025. This compares to a quarterly cash dividend of $0.375 per share in 2024, which reflects the two-for-one stock split that was completed on January 2, 2025. Additionally, Meritage has renewed its programmatic share repurchase of $15 million during each quarter of 2025 while continuing to be opp

      2/20/25 4:15:37 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary

    $MTH
    Leadership Updates

    Live Leadership Updates

    See more
    • Meritage Homes Appoints Geisha Williams to its Board of Directors

      SCOTTSDALE, Ariz., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Geisha Williams as an independent director to its Board of Directors, effective immediately. Her appointment demonstrates the Company's commitment to ongoing board refreshment and increased diversity as it increases its size to 12 directors. The Board plans to consider Ms. Williams for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Ms. Williams brings over three decades of experience in the energy industry to the Meritage Board, culminating with her role as t

      1/6/25 9:00:30 AM ET
      $CRM
      $MTH
      Computer Software: Prepackaged Software
      Technology
      Homebuilding
      Consumer Discretionary
    • Meritage Homes Appoints Erin Lantz to its Board of Directors

      SCOTTSDALE, Ariz., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Erin Lantz as an independent director to its Board of Directors, effective October 14, 2024. Her appointment demonstrates the Company's commitment to ongoing board refreshment as it increases its size to 11 directors. The Board plans to consider Ms. Lantz for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Ms. Lantz brings to the Meritage Board over 20 years of leadership experience and extensive knowledge in technology-related offerings. She currently serves

      10/15/24 9:00:54 AM ET
      $BLND
      $MTH
      Computer Software: Programming Data Processing
      Technology
      Homebuilding
      Consumer Discretionary
    • Meritage Homes Named ENERGY STAR® Partner of the Year For 11th Year & Honored for Highest Homebuyer Ratings in 21st Annual Avid Awards

      SCOTTSDALE, Ariz., June 18, 2024 (GLOBE NEWSWIRE) -- Meritage Homes, the fifth largest public homebuilder in the U.S., is pleased to share recent national accolades recognizing its commitment to energy efficiency, customer service excellence, and philanthropic efforts. ENERGY STAR® PARTNER of the Year – Sustained Excellence Award Meritage has been named an ENERGY STAR Partner of the Year by the Environmental Protection Agency (EPA) 11 times for its continued leadership in the energy-efficient homebuilding industry. The Company has completed over 126,000 ENERGY STAR certified homes since committing to build 100% energy-efficient homes in 2009. Meritage also received the EPA's ENERGY

      6/18/24 9:00:37 AM ET
      $MTH
      Homebuilding
      Consumer Discretionary

    $MTH
    SEC Filings

    See more
    • SEC Form 10-Q filed by Meritage Homes Corporation

      10-Q - Meritage Homes CORP (0000833079) (Filer)

      4/25/25 4:31:48 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Meritage Homes Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Meritage Homes CORP (0000833079) (Filer)

      4/23/25 4:30:28 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • SEC Form DEFA14A filed by Meritage Homes Corporation

      DEFA14A - Meritage Homes CORP (0000833079) (Filer)

      4/8/25 4:18:58 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary

    $MTH
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • BofA Securities initiated coverage on Meritage with a new price target

      BofA Securities initiated coverage of Meritage with a rating of Buy and set a new price target of $82.00

      5/5/25 8:32:04 AM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Meritage upgraded by Seaport Research Partners with a new price target

      Seaport Research Partners upgraded Meritage from Sell to Neutral and set a new price target of $70.00

      3/6/25 7:29:26 AM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • Meritage downgraded by Analyst with a new price target

      Analyst downgraded Meritage from Overweight to Neutral and set a new price target of $197.00 from $220.00 previously

      12/13/24 8:08:27 AM ET
      $MTH
      Homebuilding
      Consumer Discretionary

    $MTH
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Meritage Homes Corporation (Amendment)

      SC 13G/A - Meritage Homes CORP (0000833079) (Subject)

      2/13/24 5:09:38 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Meritage Homes Corporation (Amendment)

      SC 13G/A - Meritage Homes CORP (0000833079) (Subject)

      1/22/24 2:03:09 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Meritage Homes Corporation (Amendment)

      SC 13G/A - Meritage Homes CORP (0000833079) (Subject)

      11/9/22 4:26:46 PM ET
      $MTH
      Homebuilding
      Consumer Discretionary