8-K
filed May 1, 2023, 7:59 PM ET
ticker LGIH
CIK 0001580670
other material
confidence high
sentiment neutral
materiality 0.25
LGI Homes adopts officer exculpation amendment; annual meeting votes pass all proposals
LGI Homes, Inc.
- Certificate of incorporation amended to exculpate officers from personal liability for direct claims (excluding breaches of loyalty, bad faith, etc.).
- All 7 director nominees elected at April 27 annual meeting; Ryan Edone, Eric Lipar, Shailee Parikh, Bryan Sansbury, Maria Sharpe, Steven Smith, Robert Vahradian.
- Stockholders ratified Ernst & Young as independent auditor for FY2023 (18.1M for, 131K against).
- Advisory votes on 2022 executive compensation and officer exculpation amendment both approved (15.9M for each).
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
LGI Homes, Inc.: Amended Certificate of Incorporation to provide for exculpation of certain officers from personal liability under certain circumstances as permitted by Delaware law (effective 2023-04-28).
- Change
- charter amendment
- Effective
- 2023-04-28
Exact text from the filing
Effective April 28, 2023, LGI Homes, Inc. (the “Company”) amended the Certificate of Incorporation of the Company (the “Certificate of Incorporation”) to provide for exculpation of certain officers of the Company from personal liability under certain circumstances as permitted by Delaware law (the “Amendment”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LGI Homes, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-04-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Ratification of Appointment of Independent Registered Public Accounting Firm (Item 2) The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LGI Homes, Inc. shareholders approved Advisory Vote to Approve the Compensation Paid to the Named Executive Officers for 2022 at the 2023-04-27 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Advisory Vote to Approve the Compensation Paid to the Named Executive Officers for 2022 (Item 3) The advisory vote on the compensation paid to the named executive officers for 2022 was approved:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LGI Homes, Inc. shareholders approved Advisory Vote to Amend the Certificate of Incorporation for Exculpation of Officers at the 2023-04-27 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Advisory Vote to Amend the Certificate of Incorporation for Exculpation of Officers (Item 4) The advisory vote on the certificate of incorporation for exculpation of officers for 2022 was approved:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LGI Homes, Inc. shareholders approved Election of Directors at the 2023-04-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Election of Directors (Item 1) The following nominees for director were elected to serve one-year terms expiring at the Company’s 2024 annual meeting of stockholders:
View on SEC.gov
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