TMHC Filings — Taylor Morrison Home Corp - FilingSpy
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Taylor Morrison Home Corp
A national U.S. homebuilder and land developer that builds and sells homes under the Taylor Morrison and Esplanade brands, plus build-to-rent homes under the Yardly brand. It also provides mortgage, title, and insurance services through its own subsidiaries, and operates as a general contractor managing third-party subcontractors. The company uses an asset-light land strategy, acquiring finished lots through land banking and joint ventures rather than owning land outright.
Berkshire Hathaway completes $6.8B acquisition of Taylor Morrison at $72.50/share
Each outstanding share of Taylor Morrison common stock was converted into the right to receive $72.50 in cash, representing a total equity value of approximately $6.8 billion and total enterprise value of approximately $8.5 billion.
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Berkshire Hathaway Inc. completed its acquisition of Taylor Morrison Home Corporation on July 24, 2026, with Taylor Morrison becoming a wholly owned subsidiary.
Taylor Morrison's CEO Sheryl Palmer will continue to lead the company and oversee integration of its brands, including Esplanade, Yardly, and Taylor Morrison.
Taylor Morrison's common stock will be delisted from the New York Stock Exchange, with delisting effective August 3, 2026, and the company intends to file Form 15 to terminate registration.
The board of directors was replaced, with Sheryl Palmer, Todd Merrill, Curt VanHyfte, and Erik Heuser appointed as directors following the merger.
1.01 Entry into a Material Definitive Agreement · 2.01 Completion of Acquisition or Disposition of Assets · 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · 3.03 Material Modification to Rights of Security Holders · 5.01 Changes in Control of Registrant · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Taylor Morrison stockholders approve merger with Berkshire Hathaway at special meeting
The Merger Proposal was approved with 75,830,360 votes for, 2,333,091 against, and 8,211 abstentions.
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On July 22, 2026, Taylor Morrison Home Corporation held a special meeting of stockholders to vote on the Merger Agreement with Berkshire Hathaway Inc. and its subsidiary WXYZ Merger Sub, Inc.
The non-binding advisory proposal on executive compensation in connection with the merger was approved with 70,009,828 votes for, 8,095,053 against, and 66,781 abstentions.
A quorum was present with 78,171,662 of 91,999,956 outstanding shares represented at the meeting.
The Adjournment Proposal was not submitted because the Merger Proposal was approved and a quorum was present.
5.07 Submission of Matters to a Vote of Security Holders
Taylor Morrison's HSR waiting period for Berkshire Hathaway merger expired July 6, 2026.
The merger remains subject to other regulatory approvals, adoption by holders of a majority of Taylor Morrison's outstanding common stock, and other customary closing conditions.
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Taylor Morrison Home Corporation entered into a Merger Agreement with Berkshire Hathaway Inc. and its subsidiary WXYZ Merger Sub, Inc. on May 31, 2026.
The Hart-Scott-Rodino waiting period for the merger expired at 11:59 pm Eastern Time on July 6, 2026.
The definitive proxy statement has been mailed to Taylor Morrison stockholders.
Berkshire Hathaway to acquire Taylor Morrison for $72.50 per share in cash
Each Taylor Morrison share will be converted into the right to receive $72.50 in cash, representing a total equity value of about $6.8 billion and a total enterprise value of approximately $8.5 billion.
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On May 31, 2026, Taylor Morrison, Berkshire Hathaway, and a Berkshire subsidiary entered into a definitive merger agreement.
The merger is subject to stockholder adoption, regulatory approvals including HSR, and other customary conditions.
The Taylor Morrison board unanimously approved the merger and recommends stockholders adopt it.
If terminated under certain circumstances, Taylor Morrison may owe Berkshire Hathaway a termination fee of $221,622,677.
1.01 Entry into a Material Definitive Agreement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Taylor Morrison stockholders elect eight directors and approve say-on-pay, annual frequency, and auditor ratification at 2026 Annual Meeting.
At the May 21, 2026 Annual Meeting, stockholders elected eight directors: Peter Lane, Anne L. Mariucci, Heather C. Ostis, Andrea (Andi) Owen, Sheryl D. Palmer, Denise F. Warren, Amanda Whalen, and Christopher Yip.
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The say-on-pay advisory proposal passed with 79,589,837 votes for, 1,763,371 against, and 48,963 abstentions.
Stockholders voted for an annual frequency of future say-on-pay votes (74,767,195 votes for every year), and the Board determined future say-on-pay votes will be held annually until the next frequency vote.
The appointment of Deloitte & Touche LLP as independent auditor for fiscal year 2026 was ratified with 83,182,246 votes for, 1,374,121 against, and 48,613 abstentions.
The report was filed under Item 5.07 to disclose the results of these stockholder votes.
5.07 Submission of Matters to a Vote of Security Holders
Taylor Morrison reports Q1 2026 net income of $99M, or $1.01 per diluted share.
Home closings revenue was $1.3 billion, down approximately 28% year over year, with 2,268 closings at an average price of $578,000.
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Home closings gross margin was 20.0% (20.6% adjusted), down 400 bps from Q1 2025.
Net sales orders were 2,914, down 14% year over year, with a monthly sales pace of 2.7 per community.
Backlog grew 23% sequentially to 3,465 homes with a sales value of $2.3 billion.
Company reaffirmed full-year 2026 guidance across all key metrics, including approximately 11,000 home closings and home closings gross margin of at least 20% for Q2.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Taylor Morrison reports Q4 2025 net income of $174M, full-year net income of $783M
Q4 2025 home closings revenue was $1.96 billion, down 10% year over year, with 3,285 closings at an average price of $596,000.
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Full-year 2025 home closings revenue was $7.76 billion, flat year over year, with 12,997 closings at an average price of $597,000.
Q4 2025 home closings gross margin was 21.8%, down 300 basis points year over year; full-year gross margin was 22.5% (23.0% adjusted).
The company repurchased 6.5 million shares for $381 million in 2025 and increased its repurchase authorization to $1 billion through December 31, 2027.
For 2026, the company guides to approximately 11,000 home closings, average closing price between $580,000 and $590,000, and SG&A in the mid-10% range of home closings revenue.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits