Meritage Homes Strengthens Leadership with Erin Lantz's Addition

Erin Lantz Joins Meritage Homes' Board of Directors

Meritage Homes (NYSE:MTH), a prominent public homebuilder in the United States, recently made a significant move by appointing Erin Lantz to its Board of Directors. This appointment marks an important step in the company’s strategy to refresh its leadership team and broaden its expertise. With this addition, the company increases its board membership to eleven directors, further strengthening its governance structure.

Experience and Background of Erin Lantz

Erin Lantz brings over two decades of invaluable leadership experience and a profound understanding of technological advancements in the financial sector to the Meritage board. Currently, she is the Chief Revenue Officer at Ethos, a fintech company renowned for its innovative life insurance solutions. Her prior roles include Vice President and General Manager of Mortgages at Zillow Group, Inc. and Senior Vice President at Bank of America, where she was instrumental in leading the Direct-to-Consumer mortgage business.

Lantz's extensive experience in public company governance is evident from her participation on the board of Blend Labs, Inc. (NYSE: BLND), a company that focuses on delivering digital banking solutions. There, she chairs the Compensation Committee and plays an active role on the Audit Committee. Furthermore, she's served on boards such as TrueCar, Inc. and Washington Federal, Inc., enriching her expertise with diverse industry perspectives.

Comments from Leadership

Steven J. Hilton, the executive chairman of Meritage Homes, expressed enthusiasm about Lantz's appointment: "We are excited to welcome Erin to our Board. With her remarkable background in technology and real estate, she brings unique insights that will greatly enhance our Board’s depth of expertise and diversity of thought." Hilton emphasized the strategic importance of Lantz’s varied experience as Meritage continues to secure its position among the top homebuilders in the market.

Lantz shared her eagerness to contribute: "I am honored to join the Board of Meritage. I look forward to collaborating with fellow directors and utilizing my experience in digital consumer platforms to aid the Company in navigating this evolving landscape." Her proactive approach is anticipated to reinforce Meritage's goals and innovative spirit.

Board Declassification Proposal

In addition to welcoming Lantz, Meritage has announced plans to declassify its Board of Directors. This decision indicates a response to shareholder feedback advocating for enhanced accountability through annual elections. The vote on this pivotal proposal is slated for discussion at the 2025 annual meeting, reflecting the company’s commitment to governance best practices.

Future Steps for Shareholders

The Declassification Proposal aims to align with modern governance standards by enabling shareholders to elect directors each year. This measure is part of Meritage's broader initiative to refresh its governance and ensure that its leadership remains responsive and accountable to its shareholders.

Meritage Homes: A Leader in Sustainable Building

As the fifth-largest homebuilder in the United States, Meritage Homes has made a name for itself through its dedication to sustainable construction and home efficiency. The company is known for its energy-efficient homes, which cater to the growing demand for sustainable living options. In recent years, Meritage has successfully delivered over 185,000 homes, showcasing its commitment to quality and customer satisfaction.

Recognition and Achievements

Meritage’s efforts have not gone unnoticed; the company is a proud eleven-time recipient of the U.S. Environmental Protection Agency’s ENERGY STAR® Partner of the Year award. This recognition highlights their commitment to energy conservation and sustainable building practices, which are integral to their business model.

For further details or inquiries, please reach out to the company’s Investor Relations Team. Meritage Homes is dedicated to fostering open lines of communication with shareholders and interested parties, ensuring they remain informed about significant developments and company initiatives.

Frequently Asked Questions

What role will Erin Lantz play on the board?

Erin Lantz has been appointed as an independent director, contributing her expertise in technology and finance to enhance the board's capabilities.

How does the board declassification proposal benefit shareholders?

The proposal allows for annual elections, increasing transparency and accountability, ensuring directors are more responsive to shareholder interests.

What is Meritage Homes known for?

Meritage Homes is recognized as one of the largest homebuilders in the U.S., focusing on energy-efficient and affordable homes across multiple states.

What previous experience does Erin Lantz have?

Erin Lantz has over 20 years of experience in leadership roles, including her position as Chief Revenue Officer at Ethos and prior roles at Zillow Group and Bank of America.

How can shareholders stay updated on company developments?

Shareholders can stay informed through the company’s SEC filings, press releases, and by contacting the Investor Relations department directly.

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