Highest-materiality recent filing
Stanley Martin completes $221M all-cash acquisition of United Homes at $1.18/share
Merger closed May 4, 2026; United Homes shareholders receive $1.18 per share in cash.
UHG gets covenant waivers on both credit facilities pending merger by May 31, 2026
Wells Fargo facility waives Debt Service Coverage and Leverage Ratio tests until merger close or May 31, 2026.
United Homes Group Q4 revenue $123.4M, EPS $0.05; merger with Stanley Martin expected Q2 2026
Q4 home closings 375 (-9% YoY); revenue $123.4M (-8%); net income $3.2M ($0.05 diluted EPS) vs $0.7M ($0.01) year ago.
Stanley Martin Homes to acquire United Homes for $1.18/share; enterprise value $221M
All-cash transaction at $1.18 per share; enterprise value $221 million.
United Homes Group approves 2026 executive compensation framework with bonus metrics
Executive Chairman Michael Nieri: $608k base salary, no cash bonus target.
Board members Haley and Pirrello resign; retention agreements for three named executives
Director Nikki Haley and James M. Pirrello resigned effective Nov 7, 2025, as previously announced.
United Homes Q3 net loss $31.3M, revenue down 23%; closings fall 29%
Net loss $31.3M ($0.53 diluted EPS) vs. $7.3M loss in Q3 2024; includes $27.2M non-cash derivative loss.
United Homes concludes strategic review; 6 directors resign after Nieri refuses to step down
Special Committee ended strategic review; determined to remain independent in current macroeconomic conditions.
United Homes Q3 net new orders fall 5% YoY; closings down 29%
Net new orders 324 (-5% YoY); starts 526 (+66%) reflecting delayed community openings earlier in year.
United Homes amends credit agreements to ease DSCR covenants through year-end 2025
WF Credit Agreement: DSCR minimum lowered to 1.35x for Q3 2025 and 1.50x for Q4 2025 (from 2.00x).
United Homes Group Q2 net loss $6.3M; revenue down 4%, closings down 10% YoY
Net loss $6.3M ($0.11 diluted) vs net income $28.6M ($0.50) in Q2 2024.
Net new orders of 304 (-5.9% YoY); closings 303 (-10.1% YoY); starts 357 (+2.9% YoY).
Shareholders elect Dozier and Levine to board, ratify Forvis Mazars as auditor
Robert Dozier and Alan Levine elected as Class II directors with ~81M votes for each, ~1M against.
United Homes Group appoints Jack Micenko CEO; Board initiates strategic alternatives review
Jack Micenko promoted from President to CEO effective May 19, 2025; replaces interim CEO Jamie Pirrello (remains on Board).
United Homes Group Q1 revenue down 14% YoY to $87M; closings fall 19%
Home closings 252 (-19% YoY); net new orders 296 (-23%); revenue $87.0M (-14%).
United Homes Q1 net new orders fall 22.9% YoY to 296; closings down 19%
Net new orders 296, down 22.9% YoY; closings 252, down 19.0% YoY.
United Homes Group Q4 net income $0.7M, revenue up 15%; full-year closings up 3%
Q4 2024 net income $0.7M ($0.01 diluted EPS) vs net loss $66.6M ($1.38 loss) in Q4 2023.
Base salaries: Nieri $608k, Micenko $650k, O'Grady $325k, Feldman $400k.
United Homes reports Q4 net new orders up 19.4% YoY; closings up 7.0%
Q4 net new orders of 351 units (+19.4% YoY); full-year orders of 1,399 (+7.9%).
Company posted an investor presentation to www.unitedhomesgroup.com on December 27, 2024.
Pirrello as Interim CEO: annual salary $500k; term ends 3 months after permanent CEO selected.
Director Robert Grove resigns from United Homes Group Board under redemption agreement
Robert Grove resigned from the Board effective December 12, 2024, pursuant to a redemption agreement with Conversant Opportunity Master Fund LP.
United Homes refinances convertible notes with $70M loan and secondary offering of 7.42M shares
Secondary offering of 7,420,057 shares at $5.00 per share by selling stockholders; underwriter option for 1,113,009 additional shares.
United Homes Q3 revenue up 35% YoY to $118.6M, net loss $7.3M on derivative charge
Net loss $7.3M ($0.15 diluted EPS) vs net income $150.8M ($2.35) in Q3 2023, which included $149.7M derivative gain.
Effective October 1, 2024, Michael Nieri moves from CEO to Executive Chairman; board initiates search for permanent CEO.
United Homes Group reports Q2 EPS $0.50, revenue $109.4M; closings fall 12% YoY
Net income $28.6M (diluted EPS $0.50) vs $245.4M ($4.27) a year ago; includes $32.1M derivative non-cash charge.
United Homes Group amends credit agreement, waives Q2 2024 default, cuts commitment to $220M
Maximum Leverage Ratio increased to 2.50:1 for up to two quarters through Dec 2025.
Annual meeting vote: directors elected, auditor ratified
Michael P. Nieri and James P. Clements elected as Class I directors with ~75.3M and ~75.2M votes for, respectively.
United Homes Q1 net income $24.9M; home closings down 5% YoY
Net income $24.9M ($0.44/diluted) vs net loss $204.5M in Q1 2023; includes $26.4M non-cash derivative expense.
UHG board change: David Hamamoto resigns, James Pirrello elected director
David Hamamoto resigned as Class III director effective April 17, 2024; not due to any disagreement.
UHG reports Q4 2023 net loss of $66.6M on $116.8M revenue; orders up 8%
Net loss $66.6M ($1.38 diluted EPS) vs net income $10.9M a year ago; includes $69.1M non-cash earnout adjustment.
United Homes Group sets 2024 executive compensation; PSUs tied to $18 stock price target
CEO Michael Nieri base salary $1,033,907; max bonus potential $2,326,293 (quantitative $1,628,406 + qualitative $697,887).
United Homes Group acquires Creekside Custom Homes assets, nearly doubling Myrtle Beach presence
Acquired homebuilding business and assets of Creekside Custom Homes, LLC, a builder in Myrtle Beach, SC.
United Homes Group Q3 net income $150.8M includes $149.7M non-cash gain; orders up 55%
Net income $150.8M ($2.35 diluted EPS) includes $149.7M non-cash derivative gain; adjusted book value $93.3M.
United Homes Group acquires Rosewood Communities, expanding Upstate SC footprint
Acquired Rosewood Communities, a homebuilder in Greenville/Clemson markets; no deal price disclosed.
United Homes Group enters $240M amended revolving credit facility with Wells Fargo
Second Amended and Restated Credit Agreement ups facility to $240M revolving line, maturing August 10, 2026.
United Homes Q2 net income $245.4M; includes $242.3M derivative gain; revenue falls to $122.1M
Net income $245.4M ($4.27 diluted) includes $242.3M non-cash derivative gain; adjusted book value $91.0M.
United Homes Group appoints Jack Micenko as President; Nieri remains CEO/Chairman
Jack Micenko appointed President effective July 17, 2023; Michael Nieri continues as CEO and Chairman.
United Homes Q1 net loss $204.5M from $207.1M non-cash earn-out charge; adj EBITDA $8.5M
Net loss $204.5M ($5.44/sh) includes $207.1M unrealized loss on earn-out; vs net income $17M in Q1 2022.
United Homes Group dismisses Marcum, appoints FORVIS as auditor; cites material weakness
Audit committee approved dismissal of Marcum LLP effective April 26, 2023; FORVIS LLP engaged as new independent auditor.
Merger closed March 30, 2023; GSH shareholders received ~37.3M Class B and ~373K Class A shares plus earn-out rights.
Consummated merger with Great Southern Homes on March 30, 2023; GSH survives as wholly-owned subsidiary.
PIPE investors to purchase 471,500 UHG Class A shares at $10.00 each, plus 117,875 additional shares at $0.01, for ~$4.7M gross proceeds.
DiamondHead shareholders approve business combination with Great Southern Homes
All six proposals approved, including Business Combination Agreement (12,793,642 for, 29,597 against).
DHHC signs $80M convertible note and $75M PIPE for Great Southern Homes merger
$80M convertible promissory notes at 15% annual interest, convertible at 80% of 30-day VWAP (floor $5, cap $10).
DiamondHead files audited FY2022 financials for Great Southern Homes ahead of SPAC merger
GSH FY2022 revenue $477.0M, net income $69.5M, up from $432.9M and $62.4M in FY2021.
DiamondHead resets special meeting to March 23; redemption deadline extended
Special meeting rescheduled from March 14 to March 23, 2023 at 10:00 a.m. ET.
GSH preliminary 2022 revenue $477M (+10% YoY); net income $69.5M (+11%)
Home closings declined to 1,605 from 1,705 (-5.9% YoY).
DiamondHead Holdings extends deadline to July 2023; ~$304M redeemed from trust
Shareholders approved extension of business combination deadline from Jan 28 to July 28, 2023.
DiamondHead Holdings SPAC extension vote; $306M in redemptions, $43M left in trust
Special meeting Jan 25 to vote on extending business combination deadline to July 28, 2023.
Robert Dozier, Jr., Jason Enoch, Alan Levine and Michael Nieri, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director
Mr. Nieri’s employment terminated
John G. (Jack) Micenko, Jr., Keith Feldman, Michael Nieri, Clive R. G. (Tom) O’Grady, Robert Penny, Jeremy Pyle and Shelton Twine, each of whom was an officer of the Company immediately prior to the Effective Time, ceased to be an officer
John G. (Jack) Micenko, Jr., Keith Feldman, Michael Nieri, Clive R. G. (Tom) O’Grady, Robert Penny, Jeremy Pyle and Shelton Twine, each of whom was an officer of the Company immediately prior to the Effective Time, ceased to be an officer
John G. (Jack) Micenko, Jr., Keith Feldman, Michael Nieri, Clive R. G. (Tom) O’Grady, Robert Penny, Jeremy Pyle and Shelton Twine, each of whom was an officer of the Company immediately prior to the Effective Time, ceased to be an officer
Robert Dozier, Jr., Jason Enoch, Alan Levine and Michael Nieri, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director
John G. (Jack) Micenko, Jr., Keith Feldman, Michael Nieri, Clive R. G. (Tom) O’Grady, Robert Penny, Jeremy Pyle and Shelton Twine, each of whom was an officer of the Company immediately prior to the Effective Time, ceased to be an officer
Robert Dozier, Jr., Jason Enoch, Alan Levine and Michael Nieri, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director
John G. (Jack) Micenko, Jr., Keith Feldman, Michael Nieri, Clive R. G. (Tom) O’Grady, Robert Penny, Jeremy Pyle and Shelton Twine, each of whom was an officer of the Company immediately prior to the Effective Time, ceased to be an officer
Robert Dozier, Jr., Jason Enoch, Alan Levine and Michael Nieri, each of whom was a director of the Company as of immediately prior to the Effective Time, ceased to be a director
John G. (Jack) Micenko, Jr., Keith Feldman, Michael Nieri, Clive R. G. (Tom) O’Grady, Robert Penny, Jeremy Pyle and Shelton Twine, each of whom was an officer of the Company immediately prior to the Effective Time, ceased to be an officer
the Board appointed Jeremy Pyle, age 47, as a co-Chief Operating Officer of the Company.
Max materiality 1.00 · Median 0.65 · Most common event earnings