8-K
Taylor Morrison Home Corp false 0001562476 0001562476 2020-05-28 2020-05-28

 

 

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): May 28, 2020

 

TAYLOR MORRISON HOME CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

001-35873

 

83-2026677

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

4900 N. Scottsdale Road, Suite 2000

Scottsdale, Arizona 85251

(Address of principal executive offices, including zip code)

(480) 840-8100

(Registrant’s telephone number, including area code)

N/A

(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:

  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 $0.00001 per share

 

TMHC

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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.  

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

Taylor Morrison Home Corporation (the “Company”) held its 2020 Annual Meeting of stockholders on May 28, 2020. The Company’s stockholders elected at the 2020 Annual Meeting eight directors, Jeffry L. Flake, Gary H. Hunt, Peter Lane, William H. Lyon, Anne L. Mariucci, Andrea (Andi) Owen, Sheryl D. Palmer and Denise F. Warren, to hold office until the Company’s annual meeting of stockholders to be held in 2021 and until his or her successor is duly elected and qualified. At the 2020 Annual Meeting, the Company’s stockholders also approved, on an advisory basis, the compensation of the Company’s named executive officers (“say-on-pay”) and the frequency of future “say-on-pay” votes, and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020. The voting results are set forth below.

Proposal No. 1 – Election of Directors

Director Nominee

 

Votes For

   

Votes Withheld

   

Broker Non-Votes

 

Jeffry L. Flake

   

115,060,903

     

1,187,567

     

4,143,504

 

Gary H. Hunt

   

115,624,491

     

623,979

     

4,143,504

 

Peter Lane

   

114,266,433

     

1,982,037

     

4,143,504

 

William H. Lyon

   

115,627,716

     

620,754

     

4,143,504

 

Anne L. Mariucci

   

110,309,008

     

5,939,462

     

4,143,504

 

Andrea (Andi) Owen

   

115,460,388

     

788,082

     

4,143,504

 

Sheryl D. Palmer

   

112,183,397

     

4,065,073

     

4,143,504

 

Denise F. Warren

   

115,467,170

     

781,300

     

4,143,504

 

Proposal No.  2 – Advisory Vote on Compensation of Named Executive Officers (“Say-on-Pay”)

Description of Proposal

 

Votes For

   

Votes Against

   

Abstentions

   

Broker Non-

Votes

 

To approve, on an advisory basis, the compensation of the Company’s named executive officers

   

113,724,750

     

2,386,146

     

137,574

     

4,143,504

 

Proposal No.  3 – Advisory Vote on Frequency of Future “Say-on-Pay” Advisory Votes

Description of Proposal

 

Every Year

   

Every 2 Years

   

Every 3 Years

   

Abstentions

 

Future “say-on-pay” advisory votes should be held:

   

100,931,964

     

15,586

     

10,359,788

     

4,941,132

 

Based on the results of the vote, and consistent with the Board of Directors’ recommendation, the Board of Directors of the Company has determined that future “say-on-pay” advisory votes will be submitted annually to the Company’s stockholders until the next non-binding stockholder vote on the frequency of “say-on-pay” votes, or until the Board of Directors otherwise determines a different frequency for such non-binding votes. Therefore, the next “say-on-pay” advisory vote will be held at the Company’s 2021 Annual Meeting of Stockholders.

Proposal No. 4 – Ratification of Auditors

Description of Proposal

 

Votes For

   

Votes Against

   

Abstentions

   

Broker Non-

Votes

 

To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020

   

117,449,818

     

2,892,708

     

49,448

     

—  

 


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: June 2, 2020

Taylor Morrison Home Corporation

 

/s/ Darrell C. Sherman

By:

 

Darrell C. Sherman

 

Executive Vice President,

Chief Legal Officer and Secretary

v3.20.1
Document and Entity Information
May 28, 2020
Cover [Abstract]  
Entity Registrant Name Taylor Morrison Home Corp
Amendment Flag false
Entity Central Index Key 0001562476
Document Type 8-K
Document Period End Date May 28, 2020
Entity Incorporation State Country Code DE
Entity File Number 001-35873
Entity Tax Identification Number 83-2026677
Entity Address, Address Line One 4900 N. Scottsdale Road
Entity Address, Address Line Two Suite 2000
Entity Address, City or Town Scottsdale
Entity Address, State or Province AZ
Entity Address, Postal Zip Code 85251
City Area Code (480)
Local Phone Number 840-8100
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common stock, par value $0.00001 per share
Trading Symbol TMHC
Security Exchange Name NYSE
Entity Emerging Growth Company false