PulteGroup Inc. filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$PHM
Homebuilding
Consumer Discretionary
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): April 30, 2025
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ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR.
On May 1, 2025, the Board of Directors of PulteGroup, Inc. (the “Company”) adopted Amended and Restated By-Laws, effective the same date. The primary purposes of the amendment and restatement, among other things, are to:
•Delete Article IX, which imposed certain restrictions on transfers of certain of the Company’s securities intended to prevent an “ownership change” within the meaning of Section 382 of the Internal Revenue Code that could substantially reduce the Company’s ability to utilize net operating losses and other tax attributes to offset the Company’s future taxable income or income tax;
•Update certain procedural and information requirements for shareholders to (i) submit director nominations and shareholder proposals, (ii) request a special meeting of shareholders and (iii) act by written consent;
•Update provisions regarding the number and eligibility of directors;
•Clarify certain notice requirements; and
•Make other clarifying and conforming changes.
The foregoing description of the Amended and Restated By-Laws is not complete and is qualified in its entirety by reference to the Amended and Restated By-Laws filed herewith as Exhibit 3.1 and incorporated herein by reference.
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The Company held its 2025 Annual Meeting of Shareholders (the “Annual Meeting”) on April 30, 2025. A total of 180,033,539 of the Company’s outstanding common shares were present or represented by proxy at the Annual Meeting. The matters submitted to a vote by the Company’s shareholders and the voting results of such matters are as follows:
Proposal 1 - Election of Directors
All ten of the directors nominated by the Company’s Board of Directors to serve as directors of the Company were elected by the Company’s shareholders, each to serve for a term which expires at our 2026 annual meeting of shareholders, and each to hold office until his or her successor is elected and qualified or until the director’s earlier death, resignation, retirement, disqualification or removal, by the votes set forth below.
| Director Nominee | Voted For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||
| Kristen Actis-Grande | 164,670,940 | 887,814 | 134,026 | 14,340,759 | ||||||||||||||||||||||
| Brian P. Anderson | 155,758,571 | 9,849,044 | 85,165 | 14,340,759 | ||||||||||||||||||||||
| Bryce Blair | 144,758,903 | 20,848,785 | 85,092 | 14,340,759 | ||||||||||||||||||||||
| Thomas J. Folliard | 153,958,887 | 11,209,952 | 523,941 | 14,340,759 | ||||||||||||||||||||||
| Cheryl W. Grisé | 156,285,465 | 9,162,272 | 245,043 | 14,340,759 | ||||||||||||||||||||||
| André J. Hawaux | 158,179,286 | 7,429,202 | 84,292 | 14,340,759 | ||||||||||||||||||||||
| Ryan R. Marshall | 162,822,547 | 1,923,416 | 946,817 | 14,340,759 | ||||||||||||||||||||||
| John R. Peshkin | 164,531,778 | 1,075,482 | 85,520 | 14,340,759 | ||||||||||||||||||||||
| Scott F. Powers | 161,280,169 | 4,280,720 | 131,891 | 14,340,759 | ||||||||||||||||||||||
| Lila Snyder | 165,454,730 | 154,239 | 83,811 | 14,340,759 | ||||||||||||||||||||||
Proposal 2 - Ratification of Appointment of Ernst & Young LLP as the Independent Registered Public Accounting Firm for 2025
The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2025 was ratified by the Company’s shareholders by the votes set forth below.
| Voted For | Voted Against | Abstain | ||||||||||||
| 166,308,607 | 13,653,613 | 71,319 | ||||||||||||
Proposal 3 - Say-on-Pay: Advisory Vote to Approve Executive Compensation
The Company’s shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers by the votes set forth below.
| Voted For | Voted Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 152,970,945 | 12,384,799 | 337,036 | 14,340,759 | |||||||||||||||||
Proposal 4 - Shareholder Proposal on Amendment to Clawback Policy on Unearned Incentive Pay
The Company’s shareholders did not approve a shareholder proposal to amend the Company's clawback policy on unearned incentive pay by the votes set forth below.
| Voted For | Voted Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 8,490,755 | 156,444,996 | 757,029 | 14,340,759 | |||||||||||||||||
Proposal 5 - Shareholder Proposal on Adoption of Paris-Aligned Emission Reduction Goals
The Company's shareholders did not approve a shareholder proposal to adopt Paris-aligned emission reduction goals by the votes set forth below.
| Voted For | Voted Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 39,006,430 | 124,655,123 | 2,031,227 | 14,340,759 | |||||||||||||||||
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
104 Cover Page Interactive Data File (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.
| PULTEGROUP, INC. | |||||||||||||||||
| Date: | May 6, 2025 | By: | /s/ Todd N. Sheldon | ||||||||||||||
| Name: | Todd N. Sheldon | ||||||||||||||||
| Title: | Executive Vice President, General Counsel and Corporate Secretary | ||||||||||||||||