United Homes Group Inc filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
$UHG
Homebuilding
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 2024
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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.
Chief Executive Officer Transition
On September 25, 2024, United Homes Group, Inc. (the “Company”) announced that on October 1, 2024, Michael P. Nieri will transition from Chief Executive Officer of the Company to Executive Chairman. Mr. Nieri will continue to serve as a member of the Company’s board of directors (the “Board”).
Appointment of Jamie Pirrello as Interim Chief Executive Officer
Concurrently with the effectiveness of Mr. Nieri’s transition to Executive Chairman, the Board appointed Jamie Pirrello, a current member of the Board and a consultant to the Company, as interim Chief Executive Officer of the Company. The Company indicated that the Board intends to undertake a search to identify the Company’s next permanent Chief Executive Officer and will consider internal and external candidates.
Mr. Pirrello, age 66, has over 30 years’ experience in the homebuilding industry, having served most recently as a Regional President for Century Communities, Inc. (NYSE: CCS) from 2018 through February 2023, overseeing their Southeast, Texas, and Florida regions. After leaving Century Communities, Mr. Pirrello has been the Managing Partner of Berkeley-Columbia Consulting Group, a consultancy firm focused on the homebuilding industry. Mr. Pirrello earned two MBAs, from Columbia University and the University of California at Berkeley, a Masters in Education from The George Washington University, and his undergraduate degree in accounting from Juniata College.
There are no arrangements or understandings between Mr. Pirrello and other persons pursuant to which he was selected as interim Chief Executive Officer. Mr. Pirrello has not engaged in any transaction with the Company that would be reportable as a related party transaction under Item 404(a) of Securities and Exchange Commission Regulation S-K.
The specific compensatory plans or arrangements for Messrs. Nieri and Pirrello have not been finally determined at this time and, therefore, currently are unavailable. The Company will file an amendment to this Current Report on Form 8-K containing such information within four business days after it is determined or becomes available.
Item 7.01. Regulation FD Disclosure.
On September 25, 2024, the Company issued a press release regarding the events described in Item 5.02 above.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover page interactive data file (embedded within the Inline XBRL document) | |||||||
SIGNATURE
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.
Date: September 25, 2024
| United Homes Group, Inc. | ||||||||
| By: | /s/ Keith Feldman | |||||||
| Name: | Keith Feldman | |||||||
| Title: | Chief Financial Officer | |||||||