RICHARD T. BURKE, SR. - Corporate Board Profile

Meritage Homes CORP

Filing Date	Source Excerpt
2010-03-31	Richard T. Burke, Sr., 66, has been a director since September 2004. Mr. Burke is the Chairman of the Board of Directors of UnitedHealth Group, which he founded, took public in 1984 and served as chairman and chief executive officer until 1988. From 1995 until 2001, Mr. Burke was the owner and chief executive officer of the Phoenix Coyotes, a National Hockey League team. In the last five years, Mr. Burke also served as a director for First Cash Financial Services, Inc. Mr. Burke is a business and civil leader in Phoenix, Arizona, and his experience as the chairman and CEO of a multi-billion dollar public company provides the Board with outstanding corporate governance and financial insight.
2011-04-01	Richard T. Burke, Sr., 2010 director compensation total: $213,080; Committees: Audit Committee, Executive Compensation Committee, Nominating/Governance Committee
2012-04-03	Richard T. Burke, Sr., 68, has been a director since September 2004. Mr. Burke is the Chairman of the Board of Directors of UnitedHealth Group, which he founded, took public in 1984 and served as chairman and chief executive officer of until 1988. From 1995 until 2001, Mr. Burke was the owner and chief executive officer of the Phoenix Coyotes, a National Hockey League team. For the last six years, Mr. Burke also served as a director for First Cash Financial Services, Inc. Mr. Burke is a business and civic leader in Phoenix, Arizona, and his experience as the chairman and CEO of a multi-billion dollar public company provides the Board with outstanding corporate governance and financial insight. The Board has also determined that all governance committees of the Board are composed entirely of independent directors. The following table identifies the current members of our Board of Directors, and describes the current members of each of the committees and the number of meetings held during 2011: Richard T. Burke, Sr. is a member of the Audit Committee, Executive Compensation Committee and Nominating/Governance Committee. 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. Richard T. Burke, Sr. received $233,900 in total compensation in 2011.
2014-03-25	In 2013, our non-employee directors received an annual retainer of $50,000, committee chairmen received an additional annual payment of $15,000, and other committee members received an additional payment of $10,000, with the exception of Land Committee, as there is currently no compensation paid for service on this transaction-based committee, which meets at irregular intervals. The lead director received an additional $40,000 annually. In addition, during 2013, each of our directors (other than Mr. Hilton) received a grant of 6,000 shares of restricted stock, which cliff vest on February 13, 2016. The 2013 director compensation is set forth below: Robert G. Sarver 50,000 255,360 305,360 Raymond Oppel 85,000 255,360 1,200 341,560 Peter L. Ax 125,000 255,360 380,360 Richard T. Burke, Sr. 80,000 255,360 335,360 Gerald Haddock 85,000 255,360 340,360 Dana Bradford 80,000 255,360 335,360 Michael R. Odell 80,000 255,360 1,000 336,360
2018-03-26	Richard T. Burke, Sr., 75, Director since 2004, member of Executive Compensation Committee, 2017 director compensation $230,500.
2019-03-25	Richard T. Burke, Sr., director since 2004, independent director, member of Audit Committee. 2018 director compensation: $60,000 fees earned in cash, $231,250 stock awards, total $291,250.