Highest-materiality recent filing
Meritage Homes amends bylaws: special-meeting threshold to 25%, director retirement age set at 75
Board adopted bylaw amendments on Aug 20, 2026, cutting special-meeting ownership threshold from 50% to 25%.
Meritage Homes Q2 2026 net earnings down 38% YoY; home closing revenue falls 14%
Net earnings $90.6M ($1.37 diluted EPS) vs $146.9M ($2.04) in Q2 2025, down 38%.
Meritage Homes increases credit facility to $980M, extends maturity to 2031
Revolving facility raised to $980M from $910M; accordion feature increased to $1.47B.
Meritage Holds 2026 Annual Meeting; All Director Nominees Elected, Auditor Ratified
Six Class I directors elected: Dana Bradford, Louis Caldera, Deb Henretta, Steven Hilton, P. Kelly Mooney, Geisha Williams.
Meritage Homes Q1 net earnings down 55% to $55.3M; home closing margin falls to 17.5%
Net earnings $55.3M (diluted EPS $0.82) vs $122.8M ($1.69) in Q1 2025, down 55%.
Meritage Homes increases 2026 target compensation for CEO, CFO, GC, and CPO
CEO Phillippe Lord: base salary unchanged at $1M; target bonus raised to $4M (from $3.25M); equity target raised to $6M (from $5.5M).
Dennis V. Arriola notified resignation from Board effective March 31, 2026; no disagreement with company.
Meritage Homes Q4 2025 EPS $1.20 (adj $1.67) vs $2.36 prior; revenue down 12% YoY
Net earnings $84M ($1.20 diluted) vs $172.6M ($2.36) in Q4 2024, down 51%.
Meritage Q3 EPS $1.39 (-48% YoY), revenue $1.4B (-12%), guides Q4 EPS $1.51-1.70
Net earnings fell 49% to $99M, diluted EPS $1.39 vs $2.67; adjusted EPS $1.55.
Meritage Q2 EPS $2.04 vs $3.15 YoY; revenue down 5%; home closing gross margin 21.1%
Net earnings $147M (-37% YoY); diluted EPS $2.04 (-35%).
Meritage extends credit facility maturity to 2030, updates net worth covenant
Maturity date extended from June 12, 2029 to July 9, 2030 under Eleventh Amendment.
Declassification amendment passed: 61.3M for, 53k against, 3.8M broker non-votes.
Meritage Homes EVP and COO Clint Szubinski resigns; effective May 16, 2025
Clint Szubinski, EVP and COO, resigns for personal reasons; employment ends May 16, 2025.
Meritage Homes Q1 2025: EPS $1.69 (-33% YoY), revenue down 8%, gross margin 22.0%
Diluted EPS $1.69 vs $2.53 Q1 2024; net earnings $123M, down 34% YoY.
Meritage Homes approves 2025 compensation increases for CEO, CFO, COO, GC, CPO
CEO Lord base salary unchanged at $1M; target bonus raised to $3.25M and equity target to $5.5M.
Meritage Homes issues $500M 5.65% Senior Notes due 2035 for general corporate purposes
Net proceeds of $493.4M after underwriting discount; interest payable semi-annually at 5.65%.
Meritage Homes Q4 net earnings fall 13% to $172.6M; full year record closings of 15,611 homes
Q4 diluted EPS $4.72 vs $5.38; net earnings $172.6M, down 13% YoY.
Meritage Homes appoints Geisha Williams to Board of Directors
Geisha Williams appointed as independent Class II Director effective Jan 6, 2025.
Meritage Homes Q3 EPS $5.34, down 11% YoY; record closings but margins compress
Q3 diluted EPS $5.34 vs $5.98 YoY; net earnings $196M, down 12%.
Meritage appoints Erin Lantz to board; to propose board declassification at 2025 meeting
Erin Lantz appointed as independent Class II director effective Oct 14, 2024, increasing board size to 11.
Meritage Homes Q2 EPS $6.31, +26% YoY; home closings up 18% to 4,118
Net earnings $231.6M ($6.31 diluted EPS), up 26% YoY; revenue $1.69B, +10%.
Meritage Homes upsizes credit facility to $910M, extends maturity to 2029
Facility size increased from $835M to $910M; accordion feature allows further increase to $1.365B.
Meritage shareholders approve proposal to elect directors annually; board nominees elected
Shareholder proposal to elect each director annually passed: 19,033,038 for, 13,771,727 against.
Meritage Homes closes $575M 1.75% convertible senior notes offering due 2028
$575M aggregate principal, 1.75% interest, due May 15, 2028.
Meritage Homes prices $500M 1.75% convertible notes due 2028, redeems 6% senior notes due 2025
$500M aggregate principal of 1.75% Convertible Senior Notes due 2028 priced on May 6, 2024.
Meritage Homes posts record Q1 sales orders; diluted EPS up 43% to $5.06
Net earnings $186M ($5.06 diluted EPS) vs $131M ($3.54) prior year, up 43%.
Meritage Homes director Raymond Oppel to retire after 27-year board tenure
Raymond Oppel notified Meritage on March 14, 2024; retirement effective May 16, 2024, not seeking re-election.
Meritage Homes Q4 2023 EPS $5.38; orders surge 60% YoY to 2,892 units
Net earnings $198.9M ($5.38 diluted EPS) vs $262.4M ($7.09) a year ago, down 24%.
Meritage raises 2024 pay for CEO, CFO, COO, GC, and CPO; Hilton new agreement
CEO Lord: base $1M (+$200k), cash incentive target $3M, equity target $5M.
Meritage Homes board member Gerald Haddock to retire Jan 2 2024; Henretta named committee chair
Gerald Haddock, board member since 2005 and Nominating/Governance Chair, retires effective Jan 2, 2024.
Meritage Homes Q3 diluted EPS $5.98 (-16% YoY); orders surge 50% to 3,474 homes
Net earnings $221.8M ($5.98 diluted EPS) vs $262.5M ($7.10) in Q3 2022, down 16%.
Meritage Q2 EPS $5.02, down 26% YoY; home closing revenue $1.54B up 10%; orders decline 11%
Net earnings $186.8M ($5.02 diluted EPS) vs $250.1M ($6.77) in Q2 2022, a 25% decrease.
Meritage appoints Dennis V. Arriola to board; board size increased to 12
Dennis V. Arriola appointed independent Class II director effective June 14, 2023.
Meritage Homes increases credit facility to $835M, extends maturity to 2028
Facility size raised to $835M from $780M; maturity extended to June 2, 2028.
Meritage stockholders approve 800K share increase to stock plan, elect directors
Stockholders approved amendment to 2018 Stock Incentive Plan, adding 800,000 shares (30.6M for, 2.0M against).
Meritage Homes Q1 net earnings down 40% to $131M; EPS $3.54 vs $5.79
Home closing revenue $1.26B (+1% YoY); home closing gross margin fell 790 bps to 22.4%.
Meritage Homes raises 2023 compensation targets for top executives; increases max payout caps
CEO Lord: base salary unchanged at $900k; PSA/RSU target increased to $2.025M each; max payout cap raised to 200%.
Meritage Homes initiates quarterly cash dividend of $0.27 per share
Quarterly dividend of $0.27 per share approved by the Board.
Meritage Homes reports record Q4 EPS $7.09, but orders plunge 46% YoY with 39% cancellation rate
Q4 GAAP diluted EPS $7.09, up 13% YoY; full year EPS $26.74, up 39% YoY.
Meritage Homes Q3 EPS $7.10, +35% YoY; orders -33%; guides Q4 EPS $6.50-7.40
Q3 diluted EPS $7.10 vs $5.25 a year ago; net earnings $262.5M (+31%).
Meritage Homes amends bylaws to refine officer roles, effective August 11, 2022
Board adopted amendments to Article III (Officers) of the Amended and Restated Bylaws.
Meritage Homes Q2 diluted EPS $6.77 (+55% YoY); withdraws FY2022 guidance citing market uncertainty
Net earnings $250.1M vs $167.4M YoY; home closing revenue $1.41B (+11%).
Meritage Homes authorizes additional $200M share repurchase program
Board authorized up to $200M additional buyback under program originally approved Feb 13, 2019.
Six Class I directors elected: Bradford, Caldera, Henretta, Hilton, Mooney, Oppel; all received >93% votes cast.
Net earnings $217.3M vs $131.8M a year ago; diluted EPS $5.79 vs $3.44.
Meritage Homes Q4 diluted EPS $6.25, up 57% YoY; guides FY2022 EPS $23.15-$24.65
Q4 diluted EPS $6.25 vs $3.97 YoY; net earnings $237.5M; home closing revenue $1.5B (+6% YoY).
Meritage Homes extends credit facility maturity to Dec 2026, transitions to SOFR
Maturity extended from Dec 22, 2025 to Dec 22, 2026 via Seventh Amendment.
Meritage Homes raises 2022 executive compensation; appoints new Principal Accounting Officer
CEO Phillippe Lord: base salary $900K, target cash bonus $2.25M, equity targets $1.8M each.
Meritage Homes appoints Louis E. Caldera to board of directors, effective Dec 10, 2021
Louis E. Caldera appointed as independent Class I director effective December 10, 2021; board now totals 11.
Meritage Homes increases maximum board size from 10 to 11 members
Board of Directors adopted amendment on November 17, 2021.
On May 7, 2025, Clint Szubinski, the Company’s Executive Vice President and Chief Operating Officer, notified the Company he would be terminating his employment with Meritage Homes for personal reasons.
the Board of Directors (“the Board”) appointed Geisha Williams, 63, as an independent Class II Director.
on October 14, 2024 the Board of Directors (“the Board”) appointed Erin Lantz, 45, as an independent Class II Director to be effective as of October 14, 2024.
Raymond Oppel, a member of the the Company's Board of Directors (the "Board"), notified the Company on March 14, 2024 that he would retire from his position effective May 16, 2024, the end of his current term.
Gerald Haddock, a member of the the Company's Board of Directors (the "Board"), notified the Company that he would retire from his position effective January 2, 2024.
Meritage Homes Corporation (the "Company") announced in a press release that on June 14, 2023 the Board of Directors ("the Board") appointed Dennis V. Arriola as an independent Class II Director to be effective as of June 14, 2023.
Hilla Sferruzza, the Company’s Executive Vice President and Chief Financial Officer will relinquish the Principal Accounting Officer position as of the Effective Date.
effective as of January 1, 2022 (the “Effective Date”), Alison L. Sasser, who has been serving as the Company’s Vice President and Corporate Controller, has been appointed to the additional position of Principal Accounting Officer.
appointed Louis E. Caldera as an independent Class I Director to be effective as of December 10, 2021.
On September 1, 2021, C. Timothy White, Executive Vice President and General Counsel, notified the Company that he is retiring effective December 15, 2021.
Max materiality 0.85 · Median 0.60 · Most common event earnings