LGI Homes: to maintain listing on Nasdaq Global Select Market

LGI Homes, Inc. (NYSE: LGI) has reaffirmed its commitment to maintaining its listing on the Nasdaq Global Select Market by adhering to the Corporate Governance Guidelines. The Board of Directors oversees the company's operations and ensures compliance with applicable laws and Nasdaq listing requirements. A majority of the board qualifies as independent directors, as defined by Nasdaq, and the Nominating and Corporate Governance Committee is responsible for evaluating and recommending candidates based on a range of qualifications, including corporate management experience, industry expertise, and ethical integrity.

The board has established committees—Audit, Compensation, and Nominating and Corporate Governance—to assist in fulfilling its oversight responsibilities. These committees are composed solely of independent directors, as required by Nasdaq rules. The board also conducts annual performance evaluations to ensure effective governance and regularly reviews director tenure and qualifications to maintain a balanced and experienced leadership structure.

To align the interests of directors and executive officers with those of shareholders, LGI has implemented stock ownership guidelines, requiring directors and executives to hold a minimum level of company stock based on a multiple of their annual base salary or board retainer. These guidelines reinforce long-term commitment and accountability.

By maintaining strong corporate governance practices and adhering to Nasdaq requirements, LGI Homes continues to support transparency, accountability, and effective oversight in its operations.