Green Brick (NYSE: GRBK) director Brandler exits board
Rhea-AI Filing Summary
Green Brick Partners, Inc. (GRBK) reported that on August 21, 2026, director Harry Brandler resigned from its Board of Directors, effective immediately. The company states that Mr. Brandler resigned to focus on recent business ventures and non-profit activities and that his resignation was not due to any disagreement with Green Brick Partners regarding its operations, policies, or practices.
Positive
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Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Resignation effective date: August 21, 2026
Report signature date: August 27, 2026
Par value of Common Stock: $0.01 per share
+2 more
5 metrics
Resignation effective date
August 21, 2026
Date Harry Brandler resigned from the Board of Directors, effective immediately
Report signature date
August 27, 2026
Date the report was signed by the Chief Financial Officer
Par value of Common Stock
$0.01 per share
Common Stock of Green Brick Partners, Inc. listed on the NYSE under GRBK
Series A Preferred Dividend Rate
5.75%
Dividend rate on Series A Cumulative Perpetual Preferred Stock represented by Texas Depositary Shares
Interest represented by each Texas Depositary Share
1/1000th interest
Each Texas Depositary Share represents a 1/1000th interest in a share of Series A Preferred Stock
Key Terms
Texas Depositary Shares, Cumulative Perpetual Preferred Stock, Emerging growth company, par value
4 terms
Cumulative Perpetual Preferred Stock financial
"5.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share"
A cumulative perpetual preferred stock is a share that acts like a long-lasting hybrid between a bond and a dividend-paying stock: it promises regular fixed payments that, if missed, accumulate and must be paid later before common shareholders get dividends, and it has no set maturity date. Investors care because it can provide steady, higher-priority income similar to interest, but with limited capital upside, sensitivity to interest rates, and the risk that payments can be delayed even though they continue to accrue.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
par value financial
"Common Stock, par value $0.01 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What board change did GRBK disclose on August 21, 2026?
Green Brick Partners, Inc. disclosed that director Harry Brandler resigned from its Board of Directors on August 21, 2026, effective immediately. The company stated his resignation was to focus on business ventures and non-profit activities and was not due to any disagreement with the company.
Was Harry Brandler’s resignation from GRBK due to a disagreement with the company?
No. Green Brick Partners, Inc. stated that Mr. Brandler’s resignation from the Board was not because of any disagreement with the company regarding its operations, policies, or practices, but rather to focus on recent business ventures and non-profit activities.
When did Harry Brandler’s resignation from the GRBK Board become effective?
Harry Brandler’s resignation from the Board of Directors of Green Brick Partners, Inc. became effective immediately on August 21, 2026, according to the company’s report.
Who signed the GRBK report announcing the director’s resignation?
The report announcing director Harry Brandler’s resignation was signed on behalf of Green Brick Partners, Inc. by Jeffery D. Cox, who is identified as the company’s Chief Financial Officer. The signature block is dated August 27, 2026.
What securities of GRBK are listed on the New York Stock Exchange?
Green Brick Partners, Inc. lists its Common Stock, par value $0.01 per share under the symbol GRBK, and its Texas Depositary Shares, each representing a 1/1000th interest in a share of 5.75% Series A Cumulative Perpetual Preferred Stock, under the symbol GRBK PRA on the New York Stock Exchange.
AI-generated analysis. How Rhea-AI works. Not financial advice.
