Meritage Homes Corp. Names Larry Seay Executive Vice President.SCOTTSDALE, Ariz. & DALLAS -- Meritage Homes Corp. (NYSE NYSE See: New York Stock Exchange : MTH) today announced that Chief Financial Officer Larry W. Seay has been named executive vice president. "Larry will continue to serve as chief financial officer and secretary of Meritage Homes Corp., positions he has held since joining the company in April 1996," said Steven J. Hilton, Meritage co-chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Larry was instrumental in taking Meritage public at the end of 1996, and since that time has played a key role in Meritage's ability to raise capital and to successfully execute our growth strategy." "Larry's commitment to Meritage's success has been integral to our extraordinary growth and we feel fortunate to have him as part of our management team," added John R. Landon, Meritage co-chairman and CEO. "We are pleased to announce his promotion." Seay's professional career includes 26 years of homebuilding and finance experience, previously as chief financial officer and treasurer for two other publicly traded homebuilders and as audit manager with Deloitte & Touche. He graduated from Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. with bachelor's degrees in finance and accounting and a master's degree in business administration. Seay is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. in Arizona and is active in many professional organizations, including the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). , the ASCPA ASCPA Arizona Society of Certified Public Accountants ASCPA Australian Society of Certified Public Accountants and the Financial Executives Institute. He is also active in several civic and philanthropic organizations, and serves on the board of directors of the Central and Northern Arizona Better Business Bureau and the Department of Finance Advisory Board for the W.P. Carey School of Business. About Meritage Homes Corp. Meritage Homes Corp. is one of the nation's largest single-family homebuilders, and is traded on the NYSE, symbol: MTH. The company appears on Forbes' "Platinum 400" list as No. 1 in terms of five-year annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. total return, and is included in the S&P SmallCap 600 Index. Fortune magazine recently ranked Meritage 747th in its "Fortune 1000" list of America's largest corporations and included the company as a "top pick from 50 great investors" in its Investor's Guide 2004. Additionally, Meritage is ranked as one of Fortune's Fastest Growing Companies in America, its fourth appearance on this list in six years. The company has built approximately 40,000 homes, ranging from entry-level to semi-custom luxury. Meritage operates in fast-growing states of the southern and western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century , including six of the top 10 single-family housing markets in the country. For more information about the company, please visit the Meritage Web site located at www.meritagehomes.com. |
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