Landsea Homes confirms receipt of director nominees from Mill Road

Landsea Homes (LSEA) Corporation confirmed that its Board of Directors has received notice from Mill Road Capital III of its intention to nominate three director candidates to stand for election to the Company’s Board of Directors at Landsea Home’s 2025 Annual Meeting of Stockholders, as well as sharing Mill Road’s perspectives on certain matters. The 2025 Annual Meeting has not yet been scheduled, and Landsea Homes stockholders are not required to take any actions at this time. The Board and its Nominating and Governance Committee will review Mill Road’s proposed director nominees consistent with their normal evaluation procedures, and the Board will present its formal recommendation regarding the election of directors in the Company’s proxy materials and accompanying WHITE proxy card, which will be filed with the U.S. Securities and Exchange Commission ahead of the 2025 Annual Meeting.