Form 8-K

8-K — Meritage Homes CORP

Accession: 0000833079-26-000092

Filed: 2026-03-26

Period: 2026-03-23

CIK: 0000833079

SIC: 1531 (OPERATIVE BUILDERS)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — mth-20260323.htm (Primary)

EX-10.1 (ex101-ceo2026compnotice.htm)

EX-10.2 (ex102-cfo2026compnotice.htm)

EX-10.3 (ex103-gc2026compnotice.htm)

EX-10.4 (ex104-cpo2026compnotice.htm)

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8-K

8-K (Primary)

Filename: mth-20260323.htm · Sequence: 1

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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): March 23, 2026

_______________________

MERITAGE HOMES CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Maryland 001-9977 86-0611231

(State or Other Jurisdiction

of Incorporation) (Commission File

Number) (IRS Employer

Identification No.)

18655 North Claret Drive, Suite 400, Scottsdale, Arizona 85255

(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)

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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

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. ☐

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On March 23, 2026, the Executive Compensation Committee of the Board of Directors of Meritage Homes Corporation approved increases in certain components of compensation for Phillippe Lord, Chief Executive Officer, Hilla Sferruzza, Executive Vice President and Chief Financial Officer, Malissia Clinton, Executive Vice President and General Counsel, and Javier Feliciano, Executive Vice President and Chief People Officer, as allowed by each of their respective employment agreements. The compensation for Steven J. Hilton, Executive Chairman, and Austin Woffinden, Executive Vice President, Corporate Operations and Strategy, remains unchanged.

Following is a description of the changes in compensation for each executive. The descriptions contained in this Form 8-K are qualified in their entirety by the terms of the actual notices filed herewith as exhibits to this Form 8-K and incorporated by reference herein.

Performance-Based Cash Incentive and Equity (Non-Cash) Compensation

The target annual cash incentive bonus and target value of equity compensation (non-cash) increased effective January 1, 2026 to the amounts noted below.

Executive Officer Revised Annual Target Cash Incentive Compensation

Phillippe Lord $4,000,000

Hilla Sferruzza $1,600,000

Malissia Clinton $756,000

Javier Feliciano $412,000

Executive Officer

Revised Annual Target (non-cash) Equity Incentive Compensation (1) (2)

Phillippe Lord $6,000,000

Javier Feliciano $901,250

(1) Approximately 50% of the award value is to be comprised of time-based restricted stock units and approximately 50% of the award value is to be comprised of performance-based share awards.

(2) The performance-based portion of the 2026 equity incentive awards will have two performance metrics, targeted adjusted return on equity and three-year relative total shareholder return relative to our peer group, which are weighted 70% and 30%, respectively.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit Number Description

10.1

Phillippe Lord - Notice of Approved 2026 Compensation

10.2

Hilla Sferruzza - Notice of Approved 2026 Compensation

10.3

Malissia Clinton - Notice of Approved 2026 Compensation

10.4

Javier Feliciano - Notice of Approved 2026 Compensation

104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

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: March 26, 2026

MERITAGE HOMES CORPORATION

/s/ Javier Feliciano

By: Javier Feliciano

Executive Vice President and Chief People Officer

EX-10.1

Filename: ex101-ceo2026compnotice.htm · Sequence: 2

Document

Exhibit 10.1

TO: Phillippe Lord

FROM: Michael Odell, Chairman of the Compensation Committee (the “Committee”)

DATE: March 23, 2026

RE: Notice of Approved 2026 Compensation (“Notice”)

Reference is made to that certain employment agreement effective January 1, 2021 (the “Employment Agreement”) concerning the employment and compensation of Phillippe Lord, the Company’s Chief Executive Officer (“Executive”). Capitalized terms in this Notice not otherwise defined herein have the meanings prescribed to those terms in the Executive’s Employment Agreement.

Base Salary

As provided in the Employment Agreement, the Executive’s Base Salary is subject to annual review and may, in the Committee’s discretion, be increased without the Executive’s consent. With respect to the Executive, the Committee has reviewed Executive’s Base Salary and concluded that no adjustments should be made at this time. Accordingly, Executive’s Base Salary for the Company’s 2026 fiscal year will remain unchanged at $1,000,000.

Moreover, and as provided in the Employment Agreement, any adjustments to the Executive’s Base Salary made at the Committee’s discretion shall be considered the Executive’s Base Salary for purposes of the Executive’s Employment Agreement. Accordingly, effective January 1, 2026, the term “Base Salary” under the Executive’s Employment Agreement shall mean $1,000,000.

Annual Bonus

As provided in the Employment Agreement, the Executive is entitled to an annual incentive bonus (the “Bonus”) based on a previously-established minimum Target Bonus or such greater amount as may be provided in a written notice to the Executive from the Committee. The Executive’s minimum Target Bonus amount for 2025 was $3,250,000.

Accordingly, this is to provide notice to the Executive that effective beginning with the Company’s 2026 fiscal year, Executive’s minimum Target Bonus is being adjusted to $4,000,000.

Equity Awards

As provided in the Employment Agreement, the Executive is entitled to an annual Performance Share Award (“PSA”) and an annual Restricted Stock Unit Award (“RSU”), based on a previously-established minimum combined Equity Award target amount (i.e., the “minimum combined Equity Award target amount,” which is the sum of a minimum PSA target plus a minimum RSU target), or such greater amount as may be provided to Executive in written notice from the Committee. The Executive’s minimum combined Equity Award target amount for 2025 was $5,500,000.

Accordingly, this is to provide notice to the Executive that, effective beginning with the Company’s 2026 fiscal year, Executive’s minimum combined Equity Award target amount is being adjusted to $6,000,000.

* * * * *

Except as specifically expressed in this Notice, the Employment Agreement shall remain in full force and effect. To the extent there is any contradiction or inconsistency between the terms of this Notice and the terms of the Employment Agreement, the terms and intended effect of this Notice shall control solely with respect to the meanings of the terms: (i) “Base Salary,” (ii) minimum “Target Bonus,” and (iii) minimum combined Equity Award target amount.

COMPENSATION COMMITTEE

/s/ Michael Odell_________________________________

By: Michael Odell

Chairman of the Compensation Committee

The undersigned Executive hereby acknowledges and agrees to the adjusted Base Salary, Target Bonus, and Equity Award grants as set forth herein for the fiscal year beginning January 1, 2026.

/s/ Phillippe Lord_____________________________ March 23, 2026__________________________

Executive Date

EX-10.2

Filename: ex102-cfo2026compnotice.htm · Sequence: 3

Document

Exhibit 10.2

TO: Hilla Sferruzza

FROM: Michael Odell, Chairman of the Compensation Committee (the “Committee”)

DATE: March 23, 2026

RE: Notice of Approved 2026 Compensation (“Notice”)

Reference is made to that certain employment agreement effective January 1, 2021 (the “Employment Agreement”) concerning the employment and compensation of Hilla Sferruzza, the Company’s Executive Vice President, Chief Financial Officer (“Executive”). Capitalized terms in this Notice not otherwise defined herein have the meanings prescribed to those terms in the Executive’s Employment Agreement.

Base Salary

Annual Bonus

Accordingly, this is to provide notice to the Executive that effective beginning with the Company’s 2026 fiscal year, Executive’s minimum Target Bonus is being adjusted to $1,600,000.

Equity Awards

* * * * *

COMPENSATION COMMITTEE

/s/ Michael Odell__________________________________

By: Michael Odell

Chairman of the Compensation Committee

The undersigned Executive hereby acknowledges and agrees to the adjusted Base Salary, Target Bonus, and Equity Award grants as set forth herein for the fiscal year beginning January 1, 2026.

/s/ Hilla Sferruzza______________________________ March 23, 2026__________________________

Executive Date

EX-10.3

Filename: ex103-gc2026compnotice.htm · Sequence: 4

Document

Exhibit 10.3

TO: Malissia Clinton

FROM: Michael Odell, Chairman of the Compensation Committee (the “Committee”)

DATE: March 23, 2026

RE: Notice of Approved 2026 Compensation (“Notice”)

Reference is made to that certain employment agreement effective April 13, 2022 (the “Employment Agreement”) concerning the employment and compensation of Malissia Clinton, the Company’s Executive Vice President, General Counsel (“Executive”). Capitalized terms in this Notice not otherwise defined herein have the meanings prescribed to those terms in the Executive’s Employment Agreement.

Base Salary

Annual Bonus

Accordingly, this is to provide notice to the Executive that effective beginning with the Company’s 2026 fiscal year, Executive’s minimum Target Bonus is being adjusted to $756,000.

Equity Awards

* * * * *

COMPENSATION COMMITTEE

/s/ Michael Odell__________________________________

By: Michael Odell

Chairman of the Compensation Committee

The undersigned Executive hereby acknowledges and agrees to the adjusted Base Salary, Target Bonus, and Equity Award grants as set forth herein for the fiscal year beginning January 1, 2026.

/s/ Malissia Clinton_____________________________ March 23, 2026__________________________

Executive Date

EX-10.4

Filename: ex104-cpo2026compnotice.htm · Sequence: 5

Document

Exhibit 10.4

TO: Javier Feliciano

FROM: Michael Odell, Chairman of the Compensation Committee (the “Committee”)

DATE: March 23, 2026

RE: Notice of Approved 2026 Compensation (“Notice”)

Reference is made to that certain employment agreement effective January 1, 2021 (the “Employment Agreement”) concerning the employment and compensation of Javier Feliciano, the Company’s Executive Vice President, Chief People Officer (“Executive”). Capitalized terms in this Notice not otherwise defined herein have the meanings prescribed to those terms in the Executive’s Employment Agreement.

Base Salary

Annual Bonus

Accordingly, this is to provide notice to the Executive that effective beginning with the Company’s 2026 fiscal year, Executive’s minimum Target Bonus is being adjusted to $412,000.

Equity Awards

* * * * *

COMPENSATION COMMITTEE

/s/ Michael Odell__________________________________

By: Michael Odell

Chairman of the Compensation Committee

The undersigned Executive hereby acknowledges and agrees to the adjusted Base Salary, Target Bonus, and Equity Award grants as set forth herein for the fiscal year beginning January 1, 2026.

/s/ Javier Feliciano_____________________________ March 23, 2026__________________________

Executive Date

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