SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported): August 25, 2021
LGI HOMES, INC.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction|
|1450 Lake Robbins Drive, ||Suite 430,||The Woodlands,||Texas||77380|
|(Address of principal executive offices)||(Zip Code)|
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
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 Instructions 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))
|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, par value $0.01 per share||LGIH||NASDAQ Global Select Market|
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 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 provided pursuant to Section 13(a) of the Exchange Act. ☐
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 25, 2021, LGI Homes, Inc. (the “Company”) announced that Laura Miller resigned as a director of the Company to focus on her other professional responsibilities, including her chief information officer responsibilities at Macy’s, Inc. Ms. Miller’s resignation from the Company’s Board of Directors (the “Board”) did not result from any disagreement with the Company on any matter relating to its operations, policies or practices. The Company, the Board and the Corporate Governance Committee of the Board are currently evaluating alternatives with respect to appointing a new independent director to fill the vacancy created by Ms. Miller’s resignation.
|Item 7.01||Regulation FD Disclosure.|On August 25, 2021, the Company issued a press release regarding Ms. Miller’s resignation as a director. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. None of the information furnished in this Item 7.01 or the accompanying Exhibit 99.1 will be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor will it be deemed incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended.
|Item 9.01||Financial Statements and Exhibits.|
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.
|Date: August 25, 2021|
|LGI HOMES, INC.|
|By:||/s/ Eric Lipar|
|Chief Executive Officer and Chairman of the Board|
LGI Homes Announces Director Resignation
THE WOODLANDS, Texas, August 25, 2021 (GLOBE NEWSWIRE) - LGI Homes, Inc. (NASDAQ: LGIH) today announced that Laura Miller is resigning from LGI Homes’ Board of Directors (the “Board”) so that she may focus her efforts on other professional responsibilities.
Ms. Miller commented, “I have decided it is the right time to transition off the Board and focus on my CIO responsibilities at Macy’s along with other demands on my time. I am extremely proud of everything LGI Homes has accomplished and am confident that the Company is well-positioned to continue its successful record of growth and industry-leading profitability.”
Eric Lipar, LGI Homes’ Chief Executive Officer and Chairman of the Board, said, “In addition to her excellent contributions on the Board, Laura’s extensive cybersecurity and other technology-related expertise played a significant role as we modernized our IT platforms to support our future growth. We thank Laura for all her contributions to LGI Homes and we wish her well in her future endeavors.”
LGI Homes, the Board and the Nominating and Corporate Governance Committee of the Board are currently evaluating alternatives with respect to appointing a new independent director to fill the vacancy created by Ms. Miller’s resignation.
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania. Since 2018, LGI Homes has been ranked as the 10th largest residential builder in the United States based on units closed. The Company has a notable legacy of more than 18 years of homebuilding operations, over which time it has closed more than 50,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.lgihomes.com.
CONTACT: Joshua D. Fattor
Vice President of Investor Relations