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): May 6, 2024
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ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR.
As reported below in Item 5.07, on May 6, 2024, the shareholders of PulteGroup, Inc. (the “Company”) approved an amendment (the “Amendment”) of the Restated Articles of Incorporation, as amended, of the Company (the “Articles of Incorporation”). The Amendment was subsequently filed with the Michigan Department of Licensing and Regulatory Affairs and became effective on May 6, 2024.
Article X of the Articles of Incorporation had provided that certain business combinations with interested shareholders require the affirmative vote of holders of at least 69.3% of the shares voting on a proposed business combination at the meeting of shareholders. Article X had also provided that Article X may only be amended by the affirmative vote of 69.3% of the shares voting on the proposed amendment at a meeting of shareholders. Article XI of the Articles of Incorporation had provided that no provision of Article X or Article XI of the Articles of Incorporation may be altered, amended, changed or repealed and no provision inconsistent with the intent or purpose of such provisions shall be adopted without the affirmative vote of 69.3% of the shares voting at a meeting of the shareholders, in addition to the vote otherwise required by the Michigan Business Corporation Act. The provisions discussed in this paragraph are referred to, together, as the “Affected Articles Provisions”.
The Amendment provides that: (i) in the case of the applicable portions of Article X, certain business combinations with interested shareholders shall be approved by a majority of the outstanding shares of the Company entitled to vote on the proposed business combination, and if a class or series is entitled to vote thereon as a class, the affirmative vote of a majority of the outstanding shares of each such class or series entitled to vote (other than voting shares beneficially owned by the interested shareholder who is, or whose affiliate is, a party to the business combination or an affiliate or associate of the interested shareholder); and (ii) in the case of the applicable portions of Article X and Article XI, any amendment of the Affected Articles Provisions shall be approved by the affirmative vote of a majority of the outstanding shares of the Company entitled to vote on the proposed amendment, and if a class or series is entitled to vote thereon as a class, the affirmative vote of a majority of the outstanding shares of each such class or series entitled to vote on the proposed amendment, at a meeting of shareholders, in addition to the vote otherwise required by the Michigan Business Corporation Act.
A copy of the Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The Company held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”) on May 6, 2024. A total of 190,736,801 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 eleven 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 2025 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 | 173,860,936 | 1,023,494 | 106,548 | 15,745,823 | ||||||||||||||||||||||
| Brian P. Anderson | 166,882,520 | 8,026,216 | 82,242 | 15,745,823 | ||||||||||||||||||||||
| Bryce Blair | 143,245,430 | 31,299,282 | 446,266 | 15,745,823 | ||||||||||||||||||||||
| Thomas J. Folliard | 164,020,031 | 10,889,342 | 81,605 | 15,745,823 | ||||||||||||||||||||||
| Cheryl W. Grisé | 163,299,286 | 11,606,952 | 84,740 | 15,745,823 | ||||||||||||||||||||||
| André J. Hawaux | 169,139,841 | 5,766,050 | 85,087 | 15,745,823 | ||||||||||||||||||||||
| J. Phillip Holloman | 173,263,486 | 1,617,595 | 109,897 | 15,745,823 | ||||||||||||||||||||||
| Ryan R. Marshall | 171,761,528 | 3,144,511 | 84,939 | 15,745,823 | ||||||||||||||||||||||
| John R. Peshkin | 173,299,757 | 1,607,199 | 84,022 | 15,745,823 | ||||||||||||||||||||||
| Scott F. Powers | 162,777,401 | 12,130,097 | 83,480 | 15,745,823 | ||||||||||||||||||||||
| Lila Snyder | 172,660,237 | 2,247,430 | 83,311 | 15,745,823 | ||||||||||||||||||||||
Proposal 2 - Ratification of Appointment of Ernst & Young LLP as the Independent Registered Public Accounting Firm for 2024
Ratification of Appointment of Ernst & Young LLP as the Independent Registered Public Accounting Firm for 2024
The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2024 was ratified by the Company’s shareholders by the votes set forth below.
| Voted For | Voted Against | Abstain | ||||||||||||
| 178,483,775 | 12,176,262 | 76,764 | ||||||||||||
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 | |||||||||||||||||
| 161,170,570 | 13,666,691 | 153,717 | 15,745,823 | |||||||||||||||||
Proposal 4 - Amendment of the Company’s Articles of Incorporation to Eliminate the 69.3% Supermajority Voting Requirements in Article X and Article XI
The Company’s shareholders approved an amendment of the Company’s Articles of Incorporation to eliminate the 69.3% supermajority voting requirements in Article X and Article XI by the votes set forth below.
| Voted For | Voted Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 174,109,541 | 522,293 | 359,144 | 15,745,823 | |||||||||||||||||
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 8, 2024 | By: | /s/ Todd N. Sheldon | ||||||||||||||
| Name: | Todd N. Sheldon | ||||||||||||||||
| Title: | Executive Vice President, General Counsel and Corporate Secretary | ||||||||||||||||