mail@shareholdersfoundation.com
If you are a current long term investor in Beazer Homes USA, Inc. (NYSE:BZH) stock and/or if you have any information relating the investigation including whistleblowers and former employees, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether the directors and officers of Beazer Homes USA, Inc. harmed the company by breaching their fiduciary duties to shareholders. In particular the investigation on behalf of current long term investors in Beazer Homes USA, Inc. (NYSE BZH) focuses on possible shareholder claims that certain of Beazer Homes’s senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.
Beazer Homes’ CEO pay rose from about $6.43million in ‘09 to $6.893million in 2010, its CFO pay increased from about $2.571million in 2009 to $3.524million in 2010, its EVP and General Counsel’s compensation rose from about $444,000 in ‘09 to $1.113million in 2010, and its SVP, Chief Accounting Officer’s pay increased from roughly $340,000 in ‘09 to $608,000 in 2010.
However, Beazer Homes’ shareholders recently expressed their disdain for executive pay packages by voting “no” on Beazer Homes' say on pay provision. Beazer Homes USA, Inc. received less than 47% support for its pay practices at its February annual meeting, according to a company filing.
The investigation concerns possible claims that the prior compensation awarded at Beazer Homes USA, Inc. is improper based upon its current operating condition.
Beazer Homes’ 12months Total Revenue fell from $3.036billion reported on Sept. 30, 2007 to $1.009billion reported on Sept. 30, 2010. Its quarterly Revenue for the first quarter in 2011 decreased from $192.46million a year earlier to $127.50million.
Even though NYSE: BZH stock rose from as low as $0.29 per share in March 09 to recently $3.43, shares of Beazer Homes USA, Inc. (NYSE:BZH) had fallen from over $35 per BZH stock in 2007.
The investigation seeks to determine whether certain senior officers and executives at Beazer Homes USA, Inc. were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’
Finally the investigation focuses also on possible shareholder claims that would allow NYSE:BZH stockholders to more efficiently influence or control future compensation decisions at Beazer Homes USA, Inc.
Those who are current long term investors in Beazer Homes USA, Inc. (Public, NYSE:BZH) stock and/or those who have any information relating the investigation including also whistleblowers and former employees, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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The Shareholders Foundation, Inc. is a professional portfolio legal monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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