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    Allan P. Merrill

    Chairman, President, and Chief Executive Officer at Beazer Homes USA Inc
    Board
    Since June 2011
    Age
    58 years
    Education
    Graduated from the University of Pennsylvania’s Wharton School with a Bachelor of Science degree in Economics.
    Tenure
    Joined BZH in May 2007 as Executive Vice President and Chief Financial Officer, was promoted to President and Chief Executive Officer in June 2011, and elected Chairman in November 2019.

    Also at Beazer Homes USA Inc

    DIG
    David I. Goldberg
    Senior Vice President and Chief Financial Officer
    MAD
    Michael A. Dunn
    Senior Vice President, General Counsel, Compliance Officer, and Corporate Secretary

    About

    Allan P. Merrill is a seasoned executive with extensive experience in finance, investment banking, and corporate strategy. Currently 58 years old, he holds a Bachelor of Science in Economics from the University of Pennsylvania’s Wharton School.

    He began his distinguished career in investment banking before transitioning to corporate roles, joining BZH in May 2007 as Executive Vice President and Chief Financial Officer. His leadership was soon recognized with his promotion to President and Chief Executive Officer in June 2011, and later he was elected Chairman in November 2019.

    Beyond his role at BZH, Merrill has contributed significantly to the industry through board memberships and advisory roles, leveraging his expertise to drive strategic development both within and outside the company.

    $BZH Performance Under Allan P. Merrill

    Past Roles

    OrganizationRoleDate RangeDetails
    Beazer Homes USA, Inc. President and Chief Executive Officer June 2011 - November 2019 Promoted to Chairman
    Beazer Homes USA, Inc. Executive Vice President and Chief Financial Officer May 2007 - June 2011 N/A
    Move, Inc. Executive Vice President, Corporate Development and Strategy; First President of Homebuilder.com Immediately prior to May 2007 N/A
    UBS / Dillon, Read & Co. Co-head of the Global Resources Group 1987 - 2000 Advised on Beazer Homes IPO and acquisitions

    External Roles

    OrganizationRoleDate RangeDetails
    Federal Home Loan Mortgage Corporation (Freddie Mac) Director Since September 2020 - Present N/A
    Joint Center for Housing Studies at Harvard University Policy Advisory Board Member N/A Advisory role

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,030,000 AnnuallyFixed annual salary
    Deferred Compensation$100,000 As specifiedContributions under the deferred compensation plan
    401(k) Company Match$7,131 As specifiedCompany match for 401(k) contributions
    Other$5,142 As incurredAdditional fixed compensation component

    Performance Compensation

    Data from  FY 2024

    Performance-Based Cash Award

    MetricValueDetails
    Grant Date11/20/2023 Award granted on November 20, 2023
    Threshold$1,158,750 Minimum performance level required
    Target$2,317,500 225% of base salary
    Maximum$4,635,000 Cap on bonus opportunity
    Payout$1,396,655 (60.3% of target) Actual 2024 payout based on performance results
    Performance Metrics60% Bonus Plan EBITDA; 40% other objectives Metrics include operational EBITDA and additional financial/operational objectives

    Stock Awards & Vesting

    MetricValueDetails
    Award TypePerformance Shares & Restricted StockComprises performance-based and time-based components
    Grant Date11/20/2023 Award granted on November 20, 2023
    Performance Shares Target34,771 shares Target share count based on performance
    Performance Shares Maximum79,104 shares Maximum shares available with superior performance
    Grant Date Fair Value (PS)$997,580 Fair value of performance shares
    Vesting (Performance Shares)End of 3-year period (2024-2026) Vesting contingent on achieving multi-year performance goals
    Restricted Stock Shares36,027 shares Time-based restricted stock awarded
    Vesting (Restricted Stock)Ratably over 3 years starting from 1st anniversary Vesting schedule for restricted stock component
    TSR Modifier+/- 30% Potential adjustment based on relative TSR performance
    Long-Term Incentive Mix40% cash, 30% performance shares, 30% restricted stock Overall mix for the long-term incentive opportunity (300% of base salary)