# EDGAR Filing Document

**Accession Number:** 0000833079
**File Stem:** 0000833079-23-000025
**Filing Date:** 2023-2
**Character Count:** 11974
**Document Hash:** 5a5fd036bca8cb3b0f038b0e85b927c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000833079-23-000025.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0000833079-23-000025

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230216

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Meritage Homes CORP
- **CENTRAL INDEX KEY:** 0000833079
- **STANDARD INDUSTRIAL CLASSIFICATION:** OPERATIVE BUILDERS [1531]
- **IRS NUMBER:** 860611231
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09977
- **FILM NUMBER:** 23639243

**BUSINESS ADDRESS:**
- **STREET 1:** 8800 EAST RAINTREE DRIVE
- **STREET 2:** SUITE 300
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85260
- **BUSINESS PHONE:** 480-515-8100

**MAIL ADDRESS:**
- **STREET 1:** 8800 EAST RAINTREE DRIVE
- **STREET 2:** SUITE 300
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85260

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERITAGE CORP
- **DATE OF NAME CHANGE:** 19981009

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MONTEREY HOMES CORP
- **DATE OF NAME CHANGE:** 19970113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOMEPLEX MORTGAGE INVESTMENTS CORP
- **DATE OF NAME CHANGE:** 19920703

?xml version="1.0" ? mth-20230216

**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): February 16, 2023**

**_______________________**

**MERITAGE HOMES CORPORATION**

**(Exact Name of Registrant as Specified in Charter)**

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| | | |
|:---|:---|:---|
| **Maryland** | **1-9977** | **86-0611231** |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File<br>Number)** | **(IRS Employer<br>Identification No.)** |

---

**8800 E. Raintree Drive, Suite 300, Scottsdale, Arizona 85260** 

**(Address of Principal Executive Offices, including Zip Code)**

**(480) 515-8100** 

**(Registrant's telephone number, including area code)**

**N/A**

**(Former Name or Former Address, if Changed Since Last Report)**

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| | |
|:---|:---|
| 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: | 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: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

---

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| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | 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 $.01 par value | MTH | New York Stock Exchange |

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| | | |
|:---|:---|:---|
| 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 and Exchange Act of 1934 (§240.12b-2 of this chapter). | 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 and 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 pursuant to Section 13(a) of the Exchange Act. | 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 pursuant to Section 13(a) of the Exchange Act. | ☐ |

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ITEM 7.01 REGULATION FD

On February 16, 2023, Meritage Homes Corporation announced in a press release that its Board of Directors has approved the initiation of a recurring quarterly cash dividend on its common stock of $0.27 per share. The first dividend will be paid on March 31, 2023 to shareholders of record as of the close of trading on March 15, 2023. A copy of this press release, including information concerning forward-looking statements and factors that may affect our future results, is attached as Exhibit 99.1. This press release is being furnished, not filed, under Item 7.01 in this Report on Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | <u>[Press Release dated February 16, 2023](ex991pressrelease_021623.htm)</u> |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |

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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: February 16, 2023

---

| | |
|:---|:---|
| MERITAGE HOMES CORPORATION | MERITAGE HOMES CORPORATION |
| /s/ | MALISSIA CLINTON |
| By: | Malissia Clinton |
|  | Executive Vice President and General Counsel |

---

## Exhibit 99.1

**Exhibit 99.1**

![mhlogo1linetaga11a.jpg](mhlogo1linetaga11a.jpg)

**Meritage Homes Initiates Quarterly Cash Dividend**

**SCOTTSDALE, Ariz., Feb. 16, 2023**—Meritage Homes Corporation (NYSE: MTH), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has approved the initiation of a recurring quarterly cash dividend on its common stock of $0.27 per share. The first dividend will be paid on March 31, 2023 to shareholders of record as of the close of trading on March 15, 2023.

"I am pleased to announce the Board's decision to adopt a quarterly cash dividend, which reflects confidence in our business strategy and operating performance as well as our commitment to maximize long-term value for shareholders," said Phillippe Lord, chief executive officer of Meritage Homes. "We believe we are well-positioned to return capital to shareholders and attract a broader investor base without limiting our growth opportunities, given our sustainable free cash flow generation and strong balance sheet."

**Forward-Looking Statements**

The information included in this press release contains forward-looking statements within the

meaning of the Private Securities Litigation Reform Act of 1995. Such statements include our intention to pay future quarterly dividends. Such statements are based on the current beliefs

and expectations of Company management and current market conditions, which are subject to

significant uncertainties and fluctuations. Actual results may differ from those set forth in the

forward-looking statements. The Company makes no commitment, and disclaims any duty,

except as required by law, to update or revise any forward-looking statements to reflect future

events or changes in these expectations. Meritage's business is subject to a number of risks

and uncertainties. As a result of those risks and uncertainties, the Company's stock and note

prices may fluctuate dramatically. These risks and uncertainties include, but are not limited to,

the following: increases in mortgage interest rates and the availability and pricing of residential

mortgages; inflation in the cost of materials used to develop communities and construct homes;

cancellation rates; supply chain and labor shortages; the ability of our potential buyers to sell

their existing homes; our ability to acquire and develop lots may be negatively impacted if we

are unable to obtain performance and surety bonds; the adverse effect of slow absorption rates;

legislation related to tariffs; impairments of our real estate inventory; competition; home

warranty and construction defect claims; failures in health and safety performance; fluctuations

in quarterly operating results; our level of indebtedness; our ability to obtain financing if our credit ratings are downgraded; our potential exposure to and impacts from natural disasters or

severe weather conditions; the availability and cost of finished lots and undeveloped land; the

success of our strategy to offer and market entry-level and first move-up homes; a change to

the feasibility of projects under option or contract that could result in the write-down or write-off

of earnest money or option deposits; our limited geographic diversification; the replication of our energy-efficient technologies by our competitors; shortages in the availability and cost of

subcontract labor; our exposure to information technology failures and security breaches and

the impact thereof; the loss of key personnel; changes in tax laws that adversely impact us or

------

our homebuyers; our inability to prevail on contested tax positions; failure of our employees and

representatives to comply with laws and regulations; our compliance with government

regulations related to our financial services operations; negative publicity that affects our

reputation; potential disruptions to our business by an epidemic or pandemic (such as COVID-

19), and measures that federal, state and local governments and/or health authorities

implement to address it; and other factors identified in documents filed by the Company with the

Securities and Exchange Commission, including those set forth in our Form 10-K for the year

ended December 31, 2022 under the caption "Risk Factors," which can be found on our website

at https://investors.meritagehomes.com.

**About Meritage Homes Corporation**

Meritage Homes is the fifth-largest public homebuilder in the United States, based on homes closed in 2022. The Company offers affordable, energy-efficient entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.

Meritage Homes has delivered over 165,000 homes in its 37-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, a nine-time recipient of the U.S. Environmental Protection Agency's ("EPA") ENERGY STAR® Partner of the Year for Sustained Excellence Award since 2013 for innovation and industry leadership in energy-efficient homebuilding, and the recipient of the EPA's 2022 Market Leader Award for Certified Homes as well as the EPA's 2022 Indoor airPLUS Leader Award.

For more information, visit www.meritagehomes.com.

Contacts: Emily Tadano, VP Investor Relations and ESG

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(480) 515-8979 (office)

investors@meritagehomes.com

<br>