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    Beazer Homes USA Inc (BZH)

    Beazer Homes USA, Inc. is a leading homebuilder in the United States, headquartered in Atlanta, Georgia. The company designs and constructs high-quality, energy-efficient homes across various price points and demographic segments. Beazer Homes operates in 13 states, offering homes for sale typically in advance of their construction, with a focus on affordability and maximizing investment returns over the housing cycle.

    1. West Segment - Operates in markets including Arizona, California, Nevada, and Texas, focusing on the design, sale, and construction of single-family and multi-family homes.
    2. East Segment - Engages in homebuilding activities in Indiana, Maryland/Delaware, Tennessee, and Virginia, providing a range of housing options tailored to local market demands.
    3. Southeast Segment - Active in Florida, Georgia, North Carolina, and South Carolina, offering homes that cater to diverse customer needs and preferences.
    4. Land Sales and Other Revenue - Involves the sale of land and lots, contributing to the company's revenue through strategic timing and volume of sales.

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    NamePositionExternal RolesShort Bio

    Allan P. Merrill

    ExecutiveBoard

    Chairman, President, and Chief Executive Officer

    Freddie Mac Board of Directors; Policy Advisory Board of the Joint Center for Housing Studies at Harvard University

    CEO of Beazer Homes USA since June 2011 and Chairman since November 2019; joined the company as Executive Vice President and CFO in May 2007.

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    David I. Goldberg

    Executive

    Senior Vice President and Chief Financial Officer

    David I. Goldberg has been the Senior Vice President and Chief Financial Officer at BZH since November 20, 2020, and previously served as Vice President, Treasurer, and Head of Investor Relations starting in March 2015.

    Michael A. Dunn

    Executive

    Senior Vice President, General Counsel, Compliance Officer, and Corporate Secretary

    Michael A. Dunn is the Senior Vice President, General Counsel, Compliance Officer, and Corporate Secretary at Beazer Homes USA, Inc. since August 1, 2024, having previously served as Deputy General Counsel from January 2023 and Assistant General Counsel from March 2015, with his compliance duties starting in January 2020.

    Alyssa P. Steele

    Board

    Board Director

    CEO of Rugs USA, LLC

    Alyssa P. Steele was appointed as a Board Director at BZH effective January 1, 2024, and serves on the Audit and Finance and Development Committees. She has extensive leadership experience, including serving as CEO of Rugs USA, LLC since December 2022.

    C. Christian Winkle

    Board

    Director

    Board member of Argentum; Board member of American Seniors Housing Association

    C. Christian Winkle has been serving as a Director at Beazer Homes USA, Inc. since 2019 and is a member of the Audit Committee as well as the Chair of the Finance and Development Committee. He has extensive experience in leadership roles, having served as CEO at Sunrise Senior Living and MedQuest, Inc.

    Danny R. Shepherd

    Board

    Director

    Danny R. Shepherd has served as a Director at Beazer Homes USA, Inc. since 2016, and he is a member of the Audit Committee as well as the Governance Committee where he serves as Chair. He brings over 40 years of public company experience from prior roles at Vulcan Materials Company and GCP Applied Technologies.

    John J. Kelley III

    Board

    Director

    Chief Legal Officer and Executive Vice President of Equifax Inc.

    John J. Kelley III serves as a Director at BZH since August 1, 2024 and brings deep expertise in corporate governance and regulatory compliance. He has also held the role of Chief Legal Officer and Executive Vice President at Equifax Inc. since 2013.

    June Sauvaget

    Board

    Director

    Vice President, EMEA Marketing at Netflix, Inc.

    June Sauvaget has been serving as a Director at BZH since January 1, 2024 and is a member of the Finance and Development Committee and the Human Capital Committee. She is active externally as Vice President, EMEA Marketing at Netflix, Inc. and brings over 20 years of marketing and leadership experience.

    Lloyd E. Johnson

    Board

    Director

    Apogee Enterprises, Inc.; Haemonetics Corporation; VSE Corporation; AARP

    Lloyd E. Johnson has been a director at Beazer Homes USA, Inc. since 2021, serving as Chair of the Audit Committee and as a member of the Human Capital Committee. He brings over 40 years of expertise in financial management and accounting, with previous executive roles at Accenture Corporation and other companies.

    Norma A. Provencio

    Board

    Lead Director

    President and Owner of Provencio Advisory Services Inc.; Member, Mount Saint Mary's University Board of Trustees

    Norma A. Provencio has been a director at Beazer Homes USA, Inc. since 2009 and was appointed Lead Director in November 2019. She brings over 30 years of experience in accounting and financial consulting, having held leadership roles at KPMG and Arthur Andersen.

    Peter M. Orser

    Board

    Director

    Peter M. Orser has served as Director of BZH since 2016 and chairs the Human Capital Committee, while also serving on the Finance and Development Committee. Previously, he held leadership roles including President and CEO at Weyerhaeuser Real Estate Company (2010-2014) and President at Quadrant Homes.

    1. Given the weaker sales pace in Texas, what specific tactical adjustments will management implement to avoid another quarter at a 1.3 sales per community per month level without sacrificing gross margins?
    2. With the current spec mix in the high sixties, how does management plan to mitigate the adverse impact on construction cost premiums and gross margin compression in upcoming quarters?
    3. Despite ongoing cost savings initiatives in labor and materials, can you pinpoint the areas where tariff impacts or other external cost pressures might still threaten margin resilience going forward?
    4. Regarding the impairments in the Maricopa and Orlando communities, what prior indicators were missed, and how will future capital allocation decisions be adjusted to avoid similar write-downs?
    5. As management guides for a sequential improvement in Q4 orders and ASPs, how confident are you in this turnaround given historical patterns, and what measures are in place to balance increased incentives with margin preservation?
    Program DetailsProgram 1Program 2
    Approval DateMay 2022 April 2025
    End Date/DurationReplaced by Program 2 No expiration date
    Total additional amount$50.0 million $100.0 million
    Remaining authorization amount$8.3 million $87.5 million
    DetailsReplaced by April 2025 program Opportunity to purchase stock at a discount to book value

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Imagine Homes

    2022

    Completed on May 20, 2022, Beazer Homes acquired substantially all of the assets of Imagine Homes in an asset acquisition structured under ASC Topic 805-50, building on a 16-year one-third ownership stake. The acquisition strategically expands Beazer’s footprint in Texas and reinforces its focus on energy-efficient construction and ESG initiatives, although the specific financial terms were not disclosed.

    No recent press releases or 8-K filings found for BZH.