Beazer Homes USA (BZH) Proxy Filing summary

Executive summary

• Fiscal 2024 saw strong financial results with net income over $140 million and EPS of $4.53, despite market headwinds from interest rates and affordability pressures.

• Progress was made on three multi-year goals: expanding to over 200 active communities by fiscal 2026, reducing net debt to net capitalization below 30% by fiscal 2026, and ensuring all homes started by end of 2025 meet DOE Zero Energy Ready standards.

• Average active community count grew by 16%, and $776.5 million was invested in land acquisition and development, supporting future growth.

• The company received significant external recognition for sustainability and corporate culture initiatives.

Voting matters and shareholder proposals

• Shareholders will vote on the election of directors, ratification of Deloitte & Touche LLP as independent auditors, and an advisory vote on executive compensation (say-on-pay).

• The board recommends voting FOR all director nominees, FOR auditor ratification, and FOR the say-on-pay proposal.

Board of directors and corporate governance

• Annual election of all directors, with significant refreshment: two retirements and three new appointments in 2024.

• Board diversity: 33.3% women and 33.3% racially/ethnically diverse; average tenure is 6.1 years.

• Majority vote standard for director elections and a director resignation policy are in place.

• Strong stockholder engagement, with over 210 meetings held with investors during the year.

• Board committees oversee ESG, risk, compensation, finance, and governance, with all committee members confirmed as independent.