MICHAEL R. ODELL - Corporate Board Profile

Meritage Homes CORP

Filing Date	Source Excerpt
2012-04-03	Michael R. Odell, 48, has been a director since December 2011. He is the president and chief executive officer of The Pep Boys Manny, Moe & Jack. Pep Boys is the nations leading automotive aftermarket service and retail chain, with more than 7,000 service bays in more than 700 locations in 35 states and Puerto Rico. Mr. Odell joined Pep Boys in September 2007 as the chief operating officer, and has also been a member of the Pep Boys Board of Directors since 2008. Previously, he served as executive vice president and general manager of Sears Retail & Specialty Stores, a $27 billion division of Sears Holdings Corporation. He joined Sears in 1994 where he served in executive operations positions of increasing responsibility, including as Vice President, StoresSears Automotive Group. Prior to Sears, Mr. Odell was a CPA with Deloitte & Touche LLP. Mr. Odell was appointed to the Board of Directors effective December 28, 2011. In 2011, our non-employee directors received an annual retainer of $50,000; committee chairmen received an additional annual payment of $15,000; and committee members received an additional payment of $10,000. The lead director received an additional $40,000 annually. In addition, during 2011, each of our directors (other than Mr. Hilton) received a grant of 6,000 shares of restricted stock, which cliff vest on February 9, 2014. Mr. Odell was appointed to the Board of Directors effective December 28, 2011 and did not receive any compensation in 2011.
2013-03-26	Michael R. Odell, 49 Mr. Odell has been a director since December 2011. He is the president and chief executive officer of The Pep Boys - Manny, Moe & Jack. Pep Boys is the nation's leading automotive aftermarket service and retail chain. Mr. Odell joined Pep Boys in September 2007 as the chief operating officer, and has also been a member of the Pep Boys' Board of Directors since 2008. Previously, he served as executive vice president and general manager of Sears Retail & Specialty Stores, a $27 billion division of Sears Holdings Corporation. Mr. Odell holds an M.B.A. from Northwestern University's Kellogg School of Management, and a B.S. in Accounting from the University of Denver's Daniels College of Business. He joined Sears in 1994 where he served in executive operations positions of increasing responsibility, including as Vice President, Stores-Sears Automotive Group. Prior to Sears, Mr. Odell was a CPA with Deloitte & Touche LLP. Board and Committees: Michael R. Odell X (Audit Committee) X (Executive Compensation Committee) X (Nominating/Governance Committee) Director Compensation: Michael R. Odell Fees Earned or Paid in Cash ($): 80,000 Stock Awards ($): 479,520 All Other Compensation ($): 0 Total ($): 559,520
2015-03-24	Michael R. Odell, 51, director since 2011, independent, serves on Audit Committee, Executive Compensation Committee, Nominating/Governance Committee. 2014 director compensation: $50,000 annual retainer, $30,000 committee fees, $273,600 stock awards, total $353,600.
2017-03-27	Michael R. Odell, 53, Mr. Odell has been a director since December 2011. He is president and Chief Executive Officer of MAIHO III LLC. Mr. Odell serves on the Audit Committee. The 2016 director compensation is set forth below: Michael R. Odell Fees Earned or Paid in Cash ($) 70,000, Stock Awards ($) 155,100, Total ($) 225,100.
2019-03-25	Michael R. Odell, 55, director since 2011, Chair of Nominating/Governance Committee. 2018 director compensation: $65,000 fees earned in cash, $231,250 stock awards, total $296,250.
2021-04-01	Michael R. Odell, 57, Independent Director, Chairman of Compensation Committee. 2020 director compensation total $287,290.
2023-03-24	Michael R. Odell, 59, Non-Employee Director. Committee: Audit Committee (Chair). 2022 compensation: $303,975.
2025-04-08	Michael R. Odell, 61, Director since 2011, Chair of Compensation Committee, 2024 director compensation total $309,770.