Changes to M/I Homes Board of Directors

Rhea-AI Summary

M/I Homes (NYSE:MHO) announced on March 4, 2026 that independent director Norman L. Traeger will retire from the Board when his term expires in May 2026. Traeger has served as a board member since 1997, and the company thanked him for his long service and guidance.

The company reiterated forward-looking statement cautions and referred investors to its Annual Report on Form 10-K for risk factors and updates.

Positive

• Long-tenured governance: director served on board since 1997
• Independent board experience retained through term expiration in May 2026

Negative

• Board vacancy will occur upon the expiration of Traeger’s term in May 2026
• Loss of institutional knowledge after nearly three decades of service

COLUMBUS, Ohio, March 4, 2026 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) today announced that Norman L. Traeger, an independent member of the Company's Board of Directors, has informed the Company of his decision to retire from the Board upon the expiration of his term in May of this year. M/I Homes Chairman and CEO, Robert H. Schottenstein, stated, "Norman has served as a member of our Board with extraordinary distinction since 1997. We are deeply appreciative of his guidance, wisdom, and exceptional business acumen, all of which have contributed to our company's success and growth. His leadership and expertise have served us well, and we extend our heartfelt thanks for his longstanding dedicated service."

M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota, Fort Myers/Naples and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and Nashville, Tennessee.

Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "targets," "envisions," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements involve a number of risks and uncertainties. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those in such forward-looking statements as a result of various factors, including, without limitation, factors relating to the economic environment, interest rates, availability of resources, competition, market concentration, land development activities, construction defects, product liability and warranty claims various governmental rules and regulations including changes in trade policy affecting business such as new or increased tariffs, as well as the potential impact of retaliatory tariffs and other penalties, as more fully discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission. All forward-looking statements made in this press release are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. We undertake no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent filings, releases or presentations should be consulted.

View original content to download multimedia:https://www.prnewswire.com/news-releases/changes-to-mi-homes-board-of-directors-302704311.html

SOURCE M/I Homes, Inc.

FAQ

Who is retiring from the M/I Homes board and when will Norman L. Traeger leave (MHO)?

Norman L. Traeger, an independent director, will retire when his term expires in May 2026. According to the company, Traeger has served on the board since 1997 and will step down at term end.

How long did Norman L. Traeger serve on M/I Homes' board (NYSE:MHO)?

Traeger has served on M/I Homes' board since 1997, totaling nearly 29 years of service. According to the company, his tenure provided long-term governance continuity and experience.

Will Norman Traeger’s retirement create a vacancy on the M/I Homes board (MHO) and when?

Yes. His retirement will create a board vacancy when his term expires in May 2026. According to the company, the Board acknowledged his planned departure effective at term end.

Did M/I Homes (MHO) provide reasons for Norman Traeger’s retirement?

The company said Traeger informed M/I Homes of his decision to retire upon term expiration in May 2026. According to the company, the announcement emphasized appreciation for his long service and guidance.

How did M/I Homes' leadership comment on Norman Traeger’s retirement (MHO)?

M/I Homes' chairman and CEO expressed gratitude, praising Traeger’s guidance, wisdom, and business acumen since 1997. According to the company, leadership extended heartfelt thanks for his longstanding service.