Landsea Homes Board Receives Nominees from Mill Road Capital

Update on Director Nominations at Landsea Homes

Landsea Homes Corporation (Nasdaq: LSEA) has confirmed that its Board of Directors has received notification from Mill Road Capital III, L.P. regarding their intention to nominate three candidates for director positions at the Company's upcoming Annual Meeting of Stockholders. This announcement highlights the ongoing engagement between Landsea Homes and its stockholders, illustrating their openness to constructive dialogue that seeks to enhance the interests of all parties involved.

Engagement with Stockholders

The leadership at Landsea Homes prides itself on maintaining regular communication with its stockholders. The Company acknowledges the importance of constructive feedback in driving the best outcomes for their stakeholders. The Board is committed to fostering a culture of transparency and collaboration, ensuring that all stockholder voices are heard and considered.

Annual Meeting and Nomination Process

While details about the specific date for the Annual Meeting have not been finalized, Landsea Homes stockholders won't need to take immediate action concerning the nominations. The Board, alongside the Nominating and Governance Committee, will thoroughly evaluate the proposed candidates from Mill Road, adhering to their standard evaluation protocols. Once this review is complete, the Board will provide a formal recommendation regarding the election of directors as part of the Company's proxy materials, which will be submitted to the appropriate regulatory authorities in advance of the Annual Meeting.

About Landsea Homes Corporation

Landsea Homes Corporation is a publicly traded homebuilder headquartered in Dallas, Texas, specializing in residential construction. The Company's mission revolves around designing and building top-notch homes and sustainable communities in highly sought-after markets throughout the country. Their portfolio encompasses various regions, showcasing properties in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas, and many areas in California, such as Silicon Valley, Los Angeles, and Orange County.

Recognized for their excellence, Landsea Homes received the Green Home Builder 2023 Builder of the Year award, following their achievement as the 2022 Builder of the Year by BUILDER magazine—reflecting a period of remarkable transformation within the organization.

Commitment to Quality and Sustainability

As a distinguished homebuilder, Landsea Homes develops a range of properties, including suburban single-family homes, mid-rise and high-rise buildings, and expansive master-planned communities. Their innovative approach emphasizes modern living that resonates with the lifestyle aspirations of homebuyers.

Embodying sustainability at their core, Landsea Homes implements High Performance Homes that leverage the latest technology, including home automation features supported by Apple®. These homes are thoughtfully designed to improve daily living while promoting energy efficiency, providing a comfortable environment without incurring excessive costs. This commitment to sustainability aligns with Landsea Homes' goal of fostering healthier living conditions for both residents and the planet.

Professional Guidance and Team Expertise

Landsea Homes is backed by a team of experienced professionals who possess extensive industry knowledge and expertise. This talented group is dedicated to enhancing the experiences of homebuyers, employees, and stakeholders alike, focusing on creating an exceptional lifestyle that sets Landsea Homes apart from competitors.

Investor Relationships and Company Outlook

For those interested in learning more about Landsea Homes, detailed information is available through their official website. Engaging with their stakeholders remains a priority, with a commitment to informing them about ongoing developments and the Company's strategic direction.

Contact Information

For any inquiries, Landsea Homes provides contact information for their Investor Relations and Media departments. Drew Mackintosh, CFA, represents Investor Relations, and can be reached at drew@mackintoshir.com or (310) 924-9036. Annie Noebel from Cornerstone Communications is the media contact and can be reached at anoebel@cornerstonecomms.com or (949) 449-2527.

Frequently Asked Questions

What is Landsea Homes Corporation's core business?

Landsea Homes Corporation is a residential homebuilder focused on designing and constructing innovative and sustainable communities across the United States.

Who nominated the director candidates for Landsea Homes?

Mill Road Capital III, L.P. has nominated three candidates for election to the Board of Directors of Landsea Homes.

When is the Annual Meeting for Landsea Homes stockholders?

The specific date of the Annual Meeting has not yet been announced, but it will be communicated to stockholders in due course.

What recognition has Landsea Homes received recently?

Landsea Homes was honored as the Green Home Builder 2023 Builder of the Year, highlighting their commitment to excellence in home building and sustainable practices.

How can stockholders engage with Landsea Homes?

Landsea Homes encourages open communication with stockholders and welcomes feedback to inform its business strategies.

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