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.
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 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).
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.
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%).
Pirrello as Interim CEO: annual salary $500k; term ends 3 months after permanent CEO selected.
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.
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