Merrill LED moves the company
In March, the Securities and Exchange Commission ordered McCarthy back to $ 6.5 million in stocks of premiums and benefits received while the company was committing accounting fraud. McCarthy does not reimburse Beazer Homes (NYSE: Brit Air) for premiums, other incentives-based or focusing on equity compensation, and benefits from the sale of stock Beazer received during periods of twelve months after your business fraudulent financial statements fiscal year 2006.
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Merrill LED moves the company to recapitalize their balance sheet, thereby increasing the equity, the reduction of debt and debt maturing 2015 eliminated teams. Merrill held two strategic and operational leadership roles with move Inc. prior to joining the company, and worked for almost 13 years of Dillon Read & Co. Inc. and its successors, including UBS.
Beazer homes USA Inc. Executive Director Ian McCarthy resigned and builders has promoted Chief Financial Officer Allan Merrill, Executive Director.
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Atlanta-based Beazer had also called Robert Solomon CFO.
In a statement, the company President Brian Beazer says: "for many years Ian McCarthy skillfully guided the company to its current position among the ten largest builders in the United States." During this time, the industry of construction and the company experienced many complex problems that Ian has addressed for the benefit of society. The Commission appreciates his leadership and many contributions to society. These efforts we would like to thank him and wish him every success in the future. »
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Solomon joined the Beazer homes in 2008 as the Chief Accountant of the company. Solomon, accountant, has more than 25 years of experience in financial management, including more than 19 years in the construction industry. Prior to joining the company, Chief Financial Officer of Ashton Woods was homes for almost 10 years and served as accounting with MDC Holdings Inc. generator.
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Beazer reported a loss of 54.7 million in its second fiscal quarter.
The company ceased operations demonstrative Charlotte and several other cities in 2008. He delivered 355 houses in the Charlotte market in 2007.
