2 unchanged sentences
Currently, we plan to retain our cash to finance the continuing development of the business.
−Removed: Future cash dividends, if any, will depend upon financial condition, results of operations, capital requirements, statutory requirements, compliance with certain restrictive debt covenants, as well as other factors considered relevant by our Board of Directors.
+Added: Future cash dividends, if any, will depend upon financial condition, results of operations, capital requirements, statutory requirements, restrictions imposed by our Credit Facility, as well as other factors considered relevant by our Board of Directors.
Issuer Purchases of Equity Securities
6 unchanged sentences
The share repurchase program may be modified, suspended or discontinued at any time.
−Removed: As of September 30, 2021 there was $177.4 million available under this program to repurchase shares.
−Removed: We purchased 95,461 shares under the program during the three months ended September 30, 2021.
+Added: As of March 31, 2022 there was $54.1 million available under this program to repurchase shares.
+Added: We purchased 1,037,967 shares under the program during the three months ended March 31, 2022.
Period Total Number of Shares Purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares that may yet be purchased under the plans or programs
−Removed: July 1, 2021 - July 31, 2021 — $ — — $ 86,827,896
−Removed: August 1, 2021 - August 31, 2021 — $ — — $ 186,827,896
−Removed: September 1, 2021 - September 30, 2021 95,461 $ 99.23 95,461 $ 177,355,474
+Added: January 1, 2022 - January 31, 2022 232,312 $ 98.63 232,312 $ 130,468,038
+Added: February 1, 2022 - February 28, 2022 647,641 $ 93.96 647,641 $ 69,615,096
+Added: March 1, 2022 - March 31, 2022 158,014 $ 98.33 158,014 $ 54,077,423
Total 1,037,967 1,037,967
−Removed: Since September 30, 2021, we have repurchased and retired 243,885 shares of our common stock at an aggregate purchase price of $24.0 million under our authorized stock repurchase program.
−Removed: As of October 25, 2021, $153.4 million remained available under this program.
Description Page or Method of Filing
3.1 Restated Articles of Incorporation of Meritage Homes Corporation Incorporated by reference to Exhibit 3 of Form 8-K dated June 20, 2002
+Added: 3.1.1 Amendment to Articles of Incorporation of Meritage Homes Corporation Incorporated by reference to Exhibit 3.1 of Form 10-Q for the quarter ended September 30, 1998
3.1.2 Amendment to Articles of Incorporation of Meritage Homes Corporation Incorporated by reference to Exhibit 3.1 of Form 8-K dated September 15, 2004
1 unchanged sentence
3.1.4 Amendment to Articles of Incorporation of Meritage Homes Corporation Incorporated by reference to Appendix B of Proxy Statement for the Registrant's 2008 Annual Meeting of Stockholders
−Removed: 3.1.4 Amendment to Articles of Incorporation of Meritage Homes Corporation Incorporated by reference to Appendix A of the Definitive Proxy Statement filed with the Securities and Exchange Commission on January 9, 2009
−Removed: 3.2 Amended and Restated Bylaws of Meritage Homes Corporation Incorporated by reference to Exhibit 3.1 of Form 8-K dated May 10, 2017
−Removed: 10.1 Amended and Restated Employment Agreement between the Company and Clinton Szubinski* Incorporated by reference to Exhibit 10.1 of Form 8-K dated August 17, 2021
−Removed: 10.2 Amendment to the Third Amended and Restated Employment Agreement between the Company and C.
−Removed: Timothy White* Incorporated by reference to Exhibit 10.1 of Form 8-K dated September 3, 2021
+Added: 3.1.5 Amendment to Articles of Incorporation of Meritage Homes Corporation Incorporated by reference to Appendix A of the Definitive Proxy Statement filed by the Registrant with the Securities and Exchange Commission on January 9, 2009
+Added: 3.2 Amended and Restated Bylaws of Meritage Homes Corporation Incorporated by reference to Exhibit 3.1 of Form 8-K dated November 23, 2021
+Added: 10.1 * Employment Agreement between the Company and Malissia Clinton Filed herewith
22 List of Guarantor Subsidiaries Incorporated by reference to Exhibit 22 of Form 10-K for the year ended December 31, 2021
2 unchanged sentences
32.1 Section 1350 Certification of Chief Executive Officer and Chief Financial Officer Furnished herewith
−Removed: 101.0 The following financial statements from the Meritage Homes Corporation Quarterly Report on Form 10-Q as of and for the three months and nine months ended September 30, 2021 were formatted in Inline XBRL (Extensible Business Reporting Language);
+Added: 101.0 The following financial statements from the Meritage Homes Corporation Quarterly Report on Form 10-Q as of and for the three months ended March 31, 2022 were formatted in Inline XBRL (Extensible Business Reporting Language);
(i) Unaudited Consolidated Balance Sheets, (ii) Unaudited Consolidated Income Statements, (iii) Unaudited Consolidated Statements of Cash Flows, and (iv) Notes to Unaudited Consolidated Financial Statements.
−Removed: 104.0 The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, formatted in Inline XBRL.
+Added: 104.0 The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, formatted in Inline XBRL.
* Indicates a management contract or compensation plan.
4 unchanged sentences
Hilla Sferruzza
−Removed: Chief Financial Officer and Chief Accounting Officer
+Added: Executive Vice President and Chief Financial Officer
(Duly Authorized Officer and Principal Financial Officer)
−Removed: October 29, 2021
+Added: April 29, 2022
INDEX OF EXHIBITS
4 unchanged sentences
3.1.4 Amendment to Articles of Incorporation of Meritage Homes Corporation
+Added: 3.1.5 Amendment to Articles of Incorporation of Meritage Homes Corporation
3.2 Amended and Restated Bylaws of Meritage Homes Corporation
−Removed: 10.1 Amended and Restated Employment Agreement between the Company and Clinton Szubinski*
−Removed: 10.2 Amendment to the Third Amended and Restated Employment Agreement between the Company and C.
−Removed: Timothy White*
+Added: 10.1* Employment Agreement between the Company and Malissia Clinton
22 List of Guarantor Subsidiaries
2 unchanged sentences
32.1 Section 1350 Certification of Chief Executive Officer and Chief Financial Officer
−Removed: 101.0 The following financial statements from the Meritage Homes Corporation Quarterly Report on Form 10-Q as of and for the three months and nine months ended September 30, 2021 were formatted in Inline XBRL (Extensible Business Reporting Language);
+Added: 101.0 The following financial statements from the Meritage Homes Corporation Quarterly Report on Form 10-Q as of and for the three months ended March 31, 2022 were formatted in Inline XBRL (Extensible Business Reporting Language);
(i) Unaudited Consolidated Balance Sheets, (ii) Unaudited Consolidated Income Statements, (iii) Unaudited Consolidated Statements of Cash Flows, and (iv) Notes to Unaudited Consolidated Financial Statements.
−Removed: 104.0 The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, formatted in Inline XBRL.
+Added: 104.0 The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, formatted in Inline XBRL.
* Indicates a management contract or compensation plan.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.