Beazer Files Preliminary Proxy for $33.50/Share Dream Finders Merger — Vote Set for Q4 2026
BZH sits 86% above its 52-week low of $17.825.
Summary
Beazer Homes filed its preliminary proxy for the $33.50/share all-cash acquisition by Dream Finders Homes, revealing the full bidding war, executive payouts up to $26.8M for the CEO, and a Q4 2026 stockholder vote.
Key Events · M&A and Partnerships · BZH
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Merger Vote Set for Q4 2026
Preliminary proxy statement filed for special meeting to approve $33.50/share all-cash acquisition by Dream Finders Homes; closing expected in Q4 2026 subject to stockholder approval and HSR clearance (waiting period expires September 21, 2026).
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Competitive Bidding Process Revealed
DFH's initial $28.50 offer was rejected; Party B bid $33.50 on July 9, 2026; DFH matched at $33.50 on August 3, 2026 after Party B and Party C withdrew. Final price represents 78.5% premium to $18.77 unaffected price.
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Executive Golden Parachutes Quantified
CEO Allan Merrill up to $26.8M, CFO David Goldberg up to $8.1M, General Counsel Michael Dunn up to $2.8M in merger-related compensation, including accelerated equity vesting and severance.
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DFH Holds 930,128 Shares
Voting Agreement requires DFH to vote its 930,128 shares (approximately 3.5% of outstanding) in favor of the merger; DFH also committed $2.15B in financing with no financing condition.
Analysis · BZH · Real Estate & Construction
Beazer Homes filed its preliminary proxy statement for the $2.2 billion all-cash acquisition by Dream Finders Homes at $33.50 per share. The filing reveals the full competitive process behind the deal: DFH's initial $28.50 offer was rejected, Party B bid $33.50, and DFH ultimately matched that price after multiple rounds. The proxy also quantifies executive golden parachutes — CEO Allan Merrill stands to receive up to $26.8 million, CFO David Goldberg up to $8.1 million, and General Counsel Michael Dunn up to $2.8 million — and discloses a $31.3 million termination fee. Stockholders will vote at a special meeting expected in Q4 2026, with closing subject to HSR clearance (waiting period expires September 21, 2026) and majority stockholder approval. The $33.50 price represents a 78.5% premium to the unaffected price of $18.77 on May 8, 2026, before DFH's public campaign began.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BZH was trading at $33.20 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $885.8M. The 52-week trading range was $17.83 to $34.54. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.