Meritage Homes (MTH) Proxy Filing summary

Executive summary

• Erin Lantz appointed as an independent Class II Director, effective October 14, 2024, expanding the board to 11 members.

• Lantz brings over 20 years of leadership in technology, real estate, and mortgage sectors, with public company board experience.

• Board intends to propose declassification at the 2025 annual meeting, moving toward annual director elections in response to shareholder feedback.

• Forward-looking statements highlight intentions for board refreshment and governance best practices.

Voting matters and shareholder proposals

• Board will seek shareholder approval in 2025 for amendments to declassify the board, transitioning to annual elections.

• Declassification proposal aims to increase director accountability and align with governance best practices.

Board of directors and corporate governance

• Erin Lantz's appointment reflects ongoing board refreshment and increased diversity of expertise.

• Lantz may be considered for board committee roles in upcoming meetings.

• Board declassification is part of a broader initiative to transition longer-tenured directors over time.

• None of the directors or executive officers, except Steven J. Hilton, own more than 1% of outstanding common stock.