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<title>mth-20211214</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV80L2ZyYWc6NmY1YjA5MTE1NTU0NGQyYmFlNzc3ODUyMDdmYzRjYjUvdGFibGU6NzE1Yzc4ZjhiN2FmNDU0MTgyNjQzY2EyYzNkMzBlYjcvdGFibGVyYW5nZTo3MTVjNzhmOGI3YWY0NTQxODI2NDNjYTJjM2QzMGViN18xLTEtMS0xLTM5Mzg0_2cadb1d0-57b3-49a0-b74a-d8d85f2680a9">0000833079</ix:nonNumeric><ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:AmendmentFlag" 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style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">WASHINGTON, DC 20549</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">_______________________</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGV4dHJlZ2lvbjo5MjM1ODc1MjNlNDI0MTFiOTQ5MWUyNzc5ZTdiMjcxYV8xMDU_fa7166f0-885f-42ea-9863-0bb6260df26d">8-K</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Date of report (Date of earliest event reported) <ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGV4dHJlZ2lvbjo5MjM1ODc1MjNlNDI0MTFiOTQ5MWUyNzc5ZTdiMjcxYV8yMzM0_81bc9ae1-679d-4e6a-a5f4-6b4bb406092a">December 14, 2021</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">_______________________</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGV4dHJlZ2lvbjo5MjM1ODc1MjNlNDI0MTFiOTQ5MWUyNzc5ZTdiMjcxYV8yODc_0f5c457b-d7b0-4c0a-973a-9ccef643256a">MERITAGE HOMES CORPORATION</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(Exact Name of Registrant as Specified in 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Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGV4dHJlZ2lvbjo5MjM1ODc1MjNlNDI0MTFiOTQ5MWUyNzc5ZTdiMjcxYV8zNDM_c3f0fd6a-bbcd-441c-8f4f-ebd215697a41">8800 E. Raintree Drive</ix:nonNumeric>, <ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:EntityAddressAddressLine2" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGV4dHJlZ2lvbjo5MjM1ODc1MjNlNDI0MTFiOTQ5MWUyNzc5ZTdiMjcxYV8zNDc_1887d296-fc88-4a1b-b35e-6c4b47133f89">Suite 300</ix:nonNumeric>, <ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGV4dHJlZ2lvbjo5MjM1ODc1MjNlNDI0MTFiOTQ5MWUyNzc5ZTdiMjcxYV8zNTE_048bc853-b0f9-4419-b4ab-43ea72159751">Scottsdale</ix:nonNumeric>, <ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGV4dHJlZ2lvbjo5MjM1ODc1MjNlNDI0MTFiOTQ5MWUyNzc5ZTdiMjcxYV8zNTU_f3f41613-9041-4e5c-b51e-d4e75b533569">Arizona</ix:nonNumeric> <ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGV4dHJlZ2lvbjo5MjM1ODc1MjNlNDI0MTFiOTQ5MWUyNzc5ZTdiMjcxYV8zNTg_8a7b0931-707f-4ad8-bec3-59e73d32d4a9">85260</ix:nonNumeric> </span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(Address of Principal Executive Offices, including Zip 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</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(Registrant&#8217;s telephone number, including area code)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">N/A</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(Former Name or Former Address, if Changed Since Last Report)</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:30.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.341%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.136%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Securities registered pursuant to Section 12(b) of the Act:</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGFibGU6M2RlMjYzYzU2OTRiNGE1MWI4OWQ3M2Q0ZDE0MWIxMWQvdGFibGVyYW5nZTozZGUyNjNjNTY5NGI0YTUxYjg5ZDczZDRkMTQxYjExZF8yLTAtMS0xLTM5Mzg0_a99d0a28-7f00-4d5e-afad-f80a74b717f5">Common Stock 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> General Instruction A.2. below):</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGFibGU6YmYwYjRmMTY3NzlmNDNlMWE1Y2U4MDI3NmI4YWRiNTgvdGFibGVyYW5nZTpiZjBiNGYxNjc3OWY0M2UxYTVjZTgwMjc2YjhhZGI1OF8xLTAtMS0xLTM5Mzg0_30e989ab-be8e-4287-8503-283c893499be">&#9744;</ix:nonNumeric></span></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span 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id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGFibGU6YmYwYjRmMTY3NzlmNDNlMWE1Y2U4MDI3NmI4YWRiNTgvdGFibGVyYW5nZTpiZjBiNGYxNjc3OWY0M2UxYTVjZTgwMjc2YjhhZGI1OF80LTAtMS0xLTM5Mzg0_6ce3c69d-7059-41b2-ae31-951a6291f86e">&#9744;</ix:nonNumeric></span></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.514%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.432%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.683%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.697%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities and Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;Emerging growth company</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i5b4b386742aa4765b3d30dec0ac65cca_D20211214-20211214" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmUxZmEwMDhiMDM4MTRkNDg4NjhhY2RlZjI1YTAyNzU1L3NlYzplMWZhMDA4YjAzODE0ZDQ4ODY4YWNkZWYyNWEwMjc1NV8xL2ZyYWc6OTIzNTg3NTIzZTQyNDExYjk0OTFlMjc3OWU3YjI3MWEvdGFibGU6OTJiZjYxYmY2OGVhNDRhYzljNDRjZGZmY2Y2ODZjZDcvdGFibGVyYW5nZTo5MmJmNjFiZjY4ZWE0NGFjOWM0NGNkZmZjZjY4NmNkN18xLTYtMS0xLTM5Mzg0_8bb161c5-9c55-4120-9a53-ad01b135f746">&#9744;</ix:nonNumeric></span></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act.   </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#9744;</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">ITEM&#160;5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">   </span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On December 17, 2021, Meritage Homes Corporation (the &#8220;Company&#8221;) </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">increased certain components of compensation for Phillippe Lord, CEO, Hilla Sferruzza, Executive Vice President and CFO, Clinton Szubinski, Executive Vice President and COO, and Javier Feliciano, Executive Vice President and Chief People Officer as allowed by each of their respective employment agreements. </span></div><div><span><br/></span></div><div style="text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following is a description of the changes in compensation for each executive.  The descriptions contained in this Form 8-K are qualified in their entirety by the terms of the actual agreements filed herewith as exhibits to this Form 8-K and incorporated by reference herein.</span></div><div><span><br/></span></div><div style="margin-top:8pt"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Base Salary Compensation</span></div><div style="margin-top:8pt;text-indent:24.75pt"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The base salary for Mr. Lord, Ms. Sferruzza and Messrs. Szubinski and Feliciano will be increased effective January 1, 2022.</span></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:55.116%"><tr><td style="width:1.0%"></td><td style="width:64.682%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.126%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.792%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Executive Officer</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revised Base Salary</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Phillippe Lord</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$900,000</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Hilla Sferruzza</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$725,000</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Clinton Szubinski</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$650,000</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Javier Feliciano</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$430,000</span></td></tr></table></div><div style="margin-top:8pt"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Performance-Based Compensation</span></div><div><span><br/></span></div><div style="text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, the target annual cash incentive bonus and the target value of performance-based equity compensation (non-cash) for each of </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mr. Lord, Ms. Sferruzza and Messrs. Szubinski and Feliciano will also increase, as noted below.  </span></div><div style="text-indent:24.75pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:74.853%"><tr><td style="width:1.0%"></td><td style="width:47.337%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.118%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.948%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.121%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Executive Officer</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revised Annual Target Cash Incentive Compensation</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revised Annual Target (non-cash) Equity Incentive Compensation</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Phillippe Lord</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2,250,000</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,800,000</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Hilla Sferruzza</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$906,250</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$725,000</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Clinton Szubinski</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,300,000</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$650,000</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Javier Feliciano</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$322,500</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$268,750</span></td></tr></table></div><div><span><br/></span></div><div style="text-indent:24.75pt"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, the value of time-based equity compensation f</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">or each of </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mr. Lord, Ms. Sferruzza and Messrs. Szubinski and Feliciano will increase to mirror the adjusted target value of performance-based equity compensation noted above.</span></div><div style="text-indent:24.75pt"><span><br/></span></div><div style="text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, on December 14, 2021, the Company announced that, effective as of January 1, 2022 (the &#8220;Effective Date&#8221;), Alison L. Sasser, who has been serving as the Company&#8217;s Vice President and Corporate Controller, has been appointed to the additional position of Principal Accounting Officer. Also on December 14, 2021, the Company announced that Hilla Sferruzza, the Company&#8217;s Executive Vice President and Chief Financial Officer will relinquish the Principal Accounting Officer position as of the Effective Date. In connection with Ms. Sasser&#8217;s appointment, her annual base salary and target value of annual equity grants was each increased by approximately $40,000. In addition, she is eligible to receive an annual cash bonus, based on company discretion and her performance, with a target value equal to 60% of her base salary as a result of this appointment. Ms. Sasser, 45, first joined the Company in December 2002, and has served as Vice President and Corporate Controller since March 2016. </span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> ITEM 9.01      FINANCIAL STATEMENTS AND EXHIBITS</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">(d) Exhibits</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:10.157%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:87.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Exhibit Number</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Description</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.1</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex101-ceo2022approvedcompe.htm">Phillippe Lord </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex101-ceo2022approvedcompe.htm">- Notice of Approved 202</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex101-ceo2022approvedcompe.htm">2</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex101-ceo2022approvedcompe.htm"> Compensation</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex102-cfo2022approvedcompe.htm">Hilla Sferruzza - Notice of Approved 2022 Compensation</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex103-coo2022approvedcompe.htm">Clinton Szubinski</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex103-coo2022approvedcompe.htm"> - Notice of Approved 2022 Compensation</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex104-cpo2022approvedcompe.htm">Javier Felic</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex104-cpo2022approvedcompe.htm">iano</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex104-cpo2022approvedcompe.htm"> - Notice of Approved 2022 Compensation</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.</span></td></tr></table></div><div style="margin-top:9pt"><span><br/></span></div><div style="margin-top:9pt"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SIGNATURES</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dated: December 20, 2021 </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:52.339%"><tr><td style="width:1.0%"></td><td style="width:10.911%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:86.889%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MERITAGE HOMES CORPORATION</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Javier Feliciano</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Javier Feliciano</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President and Chief People Officer<br/></span></td></tr></table></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
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mth-20211214
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_______________________
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported)
December 14, 2021
_______________________
MERITAGE HOMES CORPORATION
(Exact Name of Registrant as Specified in Charter)
Maryland
1-9977
86-0611231
(State or Other Jurisdiction
of Incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
8800 E. Raintree Drive
,
Suite 300
,
Scottsdale
,
Arizona
85260
(Address of Principal Executive Offices, including Zip Code)
(
480
)
515-8100
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock $.01 par value
MTH
New York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities and Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act.
☐
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On December 17, 2021, Meritage Homes Corporation (the "Company")
increased certain components of compensation for Phillippe Lord, CEO, Hilla Sferruzza, Executive Vice President and CFO, Clinton Szubinski, Executive Vice President and COO, and Javier Feliciano, Executive Vice President and Chief People Officer as allowed by each of their respective employment agreements.
Following is a description of the changes in compensation for each executive.  The descriptions contained in this Form 8-K are qualified in their entirety by the terms of the actual agreements filed herewith as exhibits to this Form 8-K and incorporated by reference herein.
Base Salary Compensation
The base salary for Mr. Lord, Ms. Sferruzza and Messrs. Szubinski and Feliciano will be increased effective January 1, 2022.
Executive Officer
Revised Base Salary
Phillippe Lord
$900,000
Hilla Sferruzza
$725,000
Clinton Szubinski
$650,000
Javier Feliciano
$430,000
Performance-Based Compensation
In addition, the target annual cash incentive bonus and the target value of performance-based equity compensation (non-cash) for each of
Mr. Lord, Ms. Sferruzza and Messrs. Szubinski and Feliciano will also increase, as noted below.
Executive Officer
Revised Annual Target Cash Incentive Compensation
Revised Annual Target (non-cash) Equity Incentive Compensation
Phillippe Lord
$2,250,000
$1,800,000
Hilla Sferruzza
$906,250
$725,000
Clinton Szubinski
$1,300,000
$650,000
Javier Feliciano
$322,500
$268,750
Additionally, the value of time-based equity compensation f
or each of
Mr. Lord, Ms. Sferruzza and Messrs. Szubinski and Feliciano will increase to mirror the adjusted target value of performance-based equity compensation noted above.
In addition, on December 14, 2021, the Company announced that, 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. Also on December 14, 2021, the Company announced that Hilla Sferruzza, the Company's Executive Vice President and Chief Financial Officer will relinquish the Principal Accounting Officer position as of the Effective Date. In connection with Ms. Sasser's appointment, her annual base salary and target value of annual equity grants was each increased by approximately $40,000. In addition, she is eligible to receive an annual cash bonus, based on company discretion and her performance, with a target value equal to 60% of her base salary as a result of this appointment. Ms. Sasser, 45, first joined the Company in December 2002, and has served as Vice President and Corporate Controller since March 2016.
ITEM 9.01      FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit Number
Description
10.1
Phillippe Lord
- Notice of Approved 202
2
Compensation
10.2
Hilla Sferruzza - Notice of Approved 2022 Compensation
10.3
Clinton Szubinski
- Notice of Approved 2022 Compensation
10.4
Javier Felic
iano
- Notice of Approved 2022 Compensation
104
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: December 20, 2021
MERITAGE HOMES CORPORATION
/s/
Javier Feliciano
By:
Javier Feliciano
Executive Vice President and Chief People Officer