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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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 13, 2025
Taylor Morrison Home Corporation
(Exact name of registrant as specified in its charter)
| Delaware | 001-35873 | 83-2026677 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
4900 N. Scottsdale Road, Suite 2000
Scottsdale, Arizona 85251
(Address of principal executive offices and zip code)
(480) 840-8100
(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:
| Name of each class |
Trading |
Name of each exchange |
||
| Common Stock, $0.00001 par value | TMHC | 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 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 provided 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 13, 2025, Darrell Sherman, Executive Vice President, Chief Legal Officer and Secretary of Taylor Morrison Home Corporation (the “Company”), informed the Company that he will retire from the Company effective May 31, 2025, after serving in the role for nearly 16 years. He has been called to serve as a mission president by the First Presidency of the Church of Jesus Christ of Latter-day Saints. His service to the church will be full-time and commence in June 2025.
Mr. Sherman will be succeeded as Executive Vice President, Chief Legal Officer and Secretary by Todd Merrill effective June 1, 2025. Mr. Merrill is currently serving as Vice President, General Counsel of Operations of the Company and has been a member of the legal team in various capacities since August 2004.
Item 7.01. Regulation FD Disclosure.
On March 14, 2025, the Company issued a press release announcing the retirement of Mr. Sherman from the Company. A copy of the Company’s press release is attached as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
||
| 99.1 | Press release issued March 14, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
Signature
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.
| Taylor Morrison Home Corporation | ||
| By: | /s/ Darrell C. Sherman |
|
| Name: | Darrell C. Sherman | |
| Title: | Executive Vice President, Chief Legal Officer and Secretary | |
Date: March 14, 2025
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT:
media@taylormorrison.com
Taylor Morrison’s EVP, Chief Legal Officer and Secretary Darrell Sherman to Retire After 16 Years of Service
Todd Merrill, VP and General Counsel of Operations, to succeed effective June 1, 2025
SCOTTSDALE, Ariz., March 14, 2025 – America’s Most Trusted® Home Builder, Taylor Morrison Home Corporation (NYSE: TMHC) (“Taylor Morrison”), announced today that Darrell Sherman, EVP, Chief Legal Officer and Secretary, will retire from Taylor Morrison effective May 31, 2025, after serving in the role for nearly 16 years. Mr. Sherman has been called to serve as a mission president by the First Presidency of the Church of Jesus Christ of Latter-day Saints. His service to the church will be full-time and commence in June 2025.
“Darrell has been a trusted advisor, providing remarkable legal oversight and guidance during his long tenure at Taylor Morrison,” said Sheryl Palmer, Taylor Morrison’s Chairman and CEO. “He has been instrumental in raising the bar in corporate governance and supporting finance, land acquisition, risk management, M&A and the strategic growth of the company. We congratulate him and wish him every success in his new assignment and service in his church.”
Mr. Sherman will be succeeded as EVP, Chief Legal Officer and Secretary by Todd Merrill effective June 1, 2025. Mr. Merrill is currently serving as VP and General Counsel of Operations at Taylor Morrison and has been a member of the legal team in various capacities since August 2004. Prior to joining the homebuilding industry, Mr. Merrill was a real estate partner at the Bush Ross, P.A. law firm in Tampa, Florida. He holds a bachelor’s degree in business administration from Stetson University and a Juris Doctor degree from the Florida State University College of Law, where he was a part of the university’s Law Review and Order of the Coif. He is also a member of the State Bar of Florida.
“Todd has been a key member of the legal team at Taylor Morrison for over 20 years and is well prepared to assume this new position,” added Ms. Palmer. “As we look to this next chapter, and the significant milestones ahead, I am confident that he will add tremendous value and play a pivotal role in our future successes.”
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation’s leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. From 2016-2025, Taylor Morrison has been recognized as America’s Most Trusted® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.
For more information about Taylor Morrison, please visit www.taylormorrison.com.