Green Brick Partners announces annual meeting results

Green Brick Partners, Inc. (NYSE:GRBK), a real estate and construction company with a market capitalization of $2.67 billion and strong financial health according to InvestingPro analysis, disclosed the results of its Annual Meeting held on June 10, 2025. The meeting concluded with the election of seven directors and the ratification of the company’s independent registered accounting firm for the fiscal year ending December 31, 2025. The company enters this new governance phase with robust financials, maintaining a healthy current ratio of 9.81 and operating with moderate debt levels.

During the Annual Meeting, shareholders voted on two key proposals. Proposal 1 involved the election of director nominees for a term expiring at the 2026 Annual Meeting. All seven director nominees were elected with a significant majority of the votes. The elected directors include Elizabeth K. Blake, Harry Brandler, James R. Brickman, David Einhorn, Kathleen Olsen, Richard S. Press, and Lila Manassa Murphy.

Proposal 2 sought the ratification of RSM US LLP as the independent registered public accounting firm for the current fiscal year. This proposal was also approved by the shareholders with a large majority voting in favor.

The detailed voting results revealed that for each director nominee, the number of votes "For" significantly outnumbered the "Withheld" votes, and there were no "Against" votes. The same pattern was observed in the ratification of the accounting firm, with a vast majority voting "For" and a minimal number of "Against" and "Abstain" votes.

This information is based on the 8-K filing submitted by Green Brick Partners, Inc. to the U.S. Securities and Exchange Commission on June 11, 2025. The company, incorporated in Delaware, is headquartered in Plano, TX, and is listed on the New York Stock Exchange under the ticker symbols GRBK for common stock and GRBK PRA for depositary shares. Trading at a P/E ratio of 7.28 and delivering a return on equity of 25%, the company demonstrates strong operational efficiency. For detailed financial analysis and additional insights, investors can access comprehensive research reports available on InvestingPro, which offers in-depth coverage of over 1,400 US stocks.

In other recent news, Green Brick Partners reported impressive financial results for the first quarter of 2025, exceeding both earnings and revenue expectations. The company posted earnings per share of $1.67, surpassing analyst forecasts of $1.54, while revenue reached $495 million, well above the anticipated $440.15 million. This performance was bolstered by a record high in net new home orders and an industry-leading gross margin of 31.2%. Despite these strong results, the stock experienced a slight decline, reflecting broader market conditions. Green Brick Partners also announced plans to invest $300 million in land development and expand its Trophy brand into the Houston market. Analyst firm BTIG noted the company’s strategic focus on infill locations and adaptability to market conditions, which are expected to support future growth. Additionally, the company maintains a strong lot pipeline and a five-year lot supply, positioning it for continued expansion. The recent promotion of Jeff Cox to Interim Chief Financial Officer and Bobby Samuel to Executive Vice President of Land highlights the company’s focus on strategic leadership.

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