LGI Homes, Inc. Announces Appreciation Bonus For Frontline Employees
10/16/2020 - 07:00 AM
THE WOODLANDS, Texas, Oct. 16, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the payment of a special appreciation bonus, totaling $1.5 million , to approximately 760 eligible “frontline” employees whose roles and responsibilities require that they directly interact with the public on a daily basis. The bonus is a recognition of the extraordinary efforts of these workers during the COVID-19 pandemic.
Eric Lipar, LGI Homes’ Chief Executive Officer noted, “I am incredibly proud of and grateful for the dedication of all of our employees during this unpredictable time. While some of our employees had the ability to fulfil their roles from home, approximately 760 LGI team members were needed in the field daily to support our operations as an essential business. These frontline workers, made up of our Office Managers, Sales Managers, New Home Consultants, Construction Managers and Customer Service Managers, are responsible for directly engaging with our customers, trade partners and other parties. Every day, these dedicated individuals left the comfort and safety of their own homes to make homeownership possible for others.
“In line with the announcement made during our earnings call in August, effective today, we are recognizing each of our frontline employees with a special $2,000 cash bonus as a token of our gratitude. Their unwavering commitment allowed us to provide homes for over 4,000 families since March. Without this remarkable group of individuals, we could not have met the early uncertainties of the pandemic or the unprecedented demand we have experienced since May.”
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia and Virginia. Since 2018, LGI Homes has been ranked as the 10th largest residential builder in the United States based on units closed. The Company has a notable legacy of more than 17 years of homebuilding operations, over which time it has closed more than 40,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.LGIHomes.com .
CONTACT:
LGIH Rankings
#2294 Ranked by Stock Gains
LGIH Stock Data
Industry
New Single-Family Housing Construction (except For-Sale Builders)
Sector
Construction
Tags
New Single-Family Housing Construction (except For-Sale Builders) , Homebuilding, Construction, Consumer Durables
Country
US
City
The Woodlands
About LGIH
based in the woodlands, texas, lgi homes is a publicly-traded homebuilder that has been making the dream of homeownership come true for buyers since 2003. our beautiful new homes, offered in amenity-rich communities conveniently located near major metropolitan areas, give the best in location, affordability and lifestyle to our homebuyers. our mission is simple: give first-time and long-time homebuyers quality homes at affordable prices. we are able to pass through savings to our customers because we procure and develop our own land, maximizing efficiencies and keeping costs low. our communities are located close to the urban centers where people work and play, while allowing our residents to enjoy the slower pace, open space and reduced expense that exists just a short distance from the city. we consider our communities the best of both worlds: where affordable homeownership meets the vibrancy and attractions of the greater metropolitan area. in addition to our presence in several tex
