trending Market Intelligence /marketintelligence/en/news-insights/trending/j55n-kp8gf-i6nwmvclfkg2 content esgSubNav
In This List

Taylor Morrison Home seeks to declassify board


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Taylor Morrison Home seeks to declassify board

Taylor Morrison Home Corp. is proposing to amend its certificate of incorporation to adopt a phased-in board declassification and fix the term of directors to one year.

The declassification will be phased in through the company's 2021 annual shareholder meeting such that all directors elected by shareholders will serve for a term of one year. Upon approval of the declassification, directors may be removed with or without cause via a majority shareholder vote.

The homebuilder said its board is recommending that shareholders vote in favor of the proposal at the company's annual meeting scheduled for May 30.

In January, the company decreased the size of its board to five directors from nine after some shareholders sold their stakes.