Meritage EVP & GC C. Timothy White to retire Dec 15, 2021; receives $3.6M lump sum and accelerated vesting

Meritage Homes CORP

C. Timothy White, Executive VP and General Counsel, will retire effective Dec 15, 2021.
White to provide consulting services for up to 12 months post-retirement as needed.
Amendment sets base salary at $560,000 through termination and provides $3.6M lump sum payment.
All outstanding time-based equity awards vest; performance awards settled based on actual performance.
Change of Control Agreement terminated; COBRA premium subsidy of 150% for 18 months.

item 5.02 item 9.01

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Departed

C. Timothy White

Executive Vice President and General Counsel

MTH · Meritage Homes CORP

Effective: 2021-12-15
Filed: September 3, 2021, 7:59 PM ET

On September 1, 2021, C. Timothy White, Executive Vice President and General Counsel, notified the Company that he is retiring effective December 15, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

C. Timothy White departed as Executive Vice President and General Counsel at Meritage Homes CORP.

Action: retiring
Role: Executive Vice President and General Counsel

Exact text from the filing

On September 1, 2021, C. Timothy White, Executive Vice President and General Counsel, notified the Company that he is retiring effective December 15, 2021.

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Meritage Homes CORP filing history →

Source: SEC EDGAR

accession 0000833079-21-000129

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