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United States

MDC Holdings Inc (MDC)

MDC on New York Consolidated

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28 Apr 2017
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Summary

Name Age Since Current Position

Larry Mizel

73 1999 Chairman of the Board, Chief Executive Officer

David Mandarich

68 1999 President, Chief Operating Officer, Director

Robert Martin

38 2016 Chief Financial Officer, Senior Vice President, Principal Accounting Officer

Michael Touff

72 1999 Senior Vice President, General Counsel

Herbert Buchwald

84 2007 Lead Independent Director

Raymond Baker

65 2012 Independent Director

Michael Berman

70 2006 Independent Director

David Blackford

67 2001 Independent Director

Paris Reece

61 2013 Independent Director

David Siegel

59 2009 Independent Director

Kevin McCarty

2017 Vice President of Finance and Corporate Controller

Biographies

Name Description

Larry Mizel

Mr. Larry A. Mizel is Chairman of the Board, Chief Executive Officer of MDC Holdings Inc. Mr. Mizel founded the Company in 1972 and has served as a Director and Chairman of the Board since its inception. He was appointed Chief Executive Officer of the Company in 1988, a position he currently holds. Mr. Mizel has provided the Company with leadership and judgment, serving as the Chief Executive Officer and Chairman of the Board of Directors, and working to further the long-term interests of the Company's shareholders. One of the most experienced leaders in the homebuilding industry, his knowledge and foresight provide the Board with invaluable guidance.

David Mandarich

Mr. David D. Mandarich is President, Chief Operating Officer, Director of MDC Holdings Inc. Mr. Mandarich has been associated with the Company since 1977. He was elected President and Chief Operating Officer of the Company in June 1999, a position he currently holds. He previously had been elected Chief Operating Officer in March 1996, Co-Chief Operating Officer in September 1994 and Executive Vice President-Real Estate in April 1993. He was a Director from September 1980 until April 1989, and has been a Director continuously since March 1994. A skilled and experienced leader in the homebuilding industry, Mr. Mandarich provides the Board with the benefit of his judgment and his knowledge and understanding of the Company's homebuilding business and operations.

Robert Martin

Mr. Robert Nathaniel Martin, CPA, is Chief Financial Officer, Senior Vice President, Principal Accounting Officer of M.D.C. Holdings, Inc., since May 23, 2015. He joined the Company in 2002, and has since held a number of leadership roles within the Company. He previously served as Vice President – Finance and Business Development. In April 2013, he was promoted to the position of Vice President of Finance and Corporate Controller. Over the last five years, Mr. Martin has had direct oversight of the Company's division and corporate accounting, tax, investor relations and finance, planning and analysis functions. Additionally, he has served on all three AMCs and has performed a key role in the Company's capital markets activities. He is an officer, director or both of many of the Company’s subsidiaries. Mr. Martin received a bachelor’s degree in Accounting and Computer Applications from the University of Notre Dame and is both a Certified Public Accountant and a CFA Charterholder.

Michael Touff

Mr. Michael Touff is Senior Vice President and General Counsel of the Company. He was appointed Senior Vice President and General Counsel of the Company in July 1999, having been appointed previously as Vice President and General Counsel in December 1994. From August 1992 through December 1994, he was an officer in the law firm of Ireland, Stapleton, Pryor & Pascoe, P.C. Prior to August 1992, Mr. Touff was an officer in the law firm of Holmes & Starr, a Professional Corporation. Mr. Touff also is an officer, director or both of several of the Company's subsidiaries.

Herbert Buchwald

Mr. Herbert T. Buchwald is Lead Independent Director of MDC Holdings Inc. He is a principal in the law firm of Herbert T. Buchwald, P.A. and president and chairman of the board of directors of BPR Management Corporation, a property management company located in Denver, Colorado, positions he has held for more than the past five years. Mr. Buchwald has been engaged in the acquisition, development and management of residential and commercial real estate in Florida, New Jersey and Colorado, through both publicly and privately held ventures for more than forty years. As an attorney, he has been admitted to practice before federal and state trial and appellate courts in Florida and Colorado. In addition, he holds an accounting degree and formerly was a practicing Certified Public Accountant. The combination of his knowledge, experience and skills provide the Company with strong oversight of accounting, financial, regulatory and legal matters, as well as the operation of the Company's real estate businesses.

Raymond Baker

Mr. Raymond T. Baker is an Independent Director of MDC Holdings Inc. He has served as President of Gold Crown Management Company, a real estate asset management company, from 1978 to present. He is the founder and has served as Co-Director of the Gold Crown Foundation since 1986. He also is a member of the Board of Directors of Alpine Banks of Colorado and Land Title Guarantee Company. Mr. Baker is currently serving as Chairman of the Board of the Denver Metropolitan Major League Baseball Stadium District and Chairman of the Board of the Metropolitan Football Stadium District (Denver). From February 2004 until May 2007, he served as a director of Central Parking Corporation. He has over thirty-five years of experience in the real estate and banking industries. His experience and knowledge of the real estate and banking industries directly complement and support the Company’s real estate activities and the financing of those activities.

Michael Berman

Mr. Michael A. Berman, M.D., is an Independent Director of MDC Holdings Inc. He has over thirty years of experience in the financial services industry. He is a member of Applied Capital Management, a private investment management firm located in Scottsdale, Arizona, and has served as its chairman from 2002 to date. From 2005 to 2006, he also served as the chief executive officer of First Ascent Capital, a financial services firm located in New York. From July 2006 until December 2008, he served as president and Chief Executive Officer of Real Estate Equity Exchange, Inc. (Rex & Co.), a financial services firm located in San Francisco, California. From January 1990 to March 1999, Mr. Berman was employed by The Nomura Securities Co., Ltd. (Tokyo) group of companies, where he held several senior executive positions, including that of President and CEO of Nomura Holding America Inc. and Chairman of Capital America, Nomura's commercial real estate lending subsidiary. Mr. Berman’s experience as a senior executive in corporate finance, in general, and the residential mortgage market, in particular, provide the Company with a valuable resource.

David Blackford

Mr. David E. Blackford is an Independent Director of MDC Holdings Inc. He has over thirty-five years of experience in the banking industry. He is employed by California Bank & Trust (CB&T), a leading California banking institution and a division of ZB, N.A. Between 1998 and 2001, he was CB&T’s managing director, serving on the board of directors and the Senior Loan Committee for Real Estate Finance. In May 2001 he was appointed chairman, president and chief executive officer of CB&T, positions he currently holds. He also is an executive vice president of Zions Bancorporation, the parent company of ZB, N.A. Prior to 1998, he served as an executive officer in several financial institutions, including Bank One and Valley National Bank. His experience and knowledge of historic and current institutional real estate lending practices, the regulatory process and the volatility of the credit markets provide a unique perspective to the Board.

Paris Reece

Mr. Paris G. (Gary) Reece, III, is Independent Director of MDC Holdings, Inc., since May 20, 2013. Mr. Reece was formerly the Company’s Chief Financial Officer and Principal Accounting Officer, and retired on August 1, 2008. Since his retirement, Mr. Reece has performed consulting work and served in a volunteer position as the President of the Cancer League of Colorado, a leading non-profit organization that was established more than forty years ago to raise money for cancer research and patient care. He currently is the Chairman of the Audit Committee. As a Certified Public Accountant (Texas, retired), a former Chief Financial Officer and a highly respected person within the homebuilding industry, Mr. Reece is uniquely qualified to provide the Company with strong oversight of accounting and financial matters, as well as the operation of the Company's homebuilding and financial services businesses.

David Siegel

Mr. David Siegel is an Independent Director of MDC Holdings Inc. He has been a partner in the law firm of Irell & Manella LLP for more than twenty years, where he leads that firm's securities litigation practice and formerly was the firm's Managing Partner. Mr. Siegel's law practice, for which he is nationally recognized, is concentrated on securities class actions, corporate governance, risk management, SEC reporting standards and regulatory compliance. Mr. Siegel has chaired and is a frequent speaker at various seminars on securities litigation, class actions, and trial techniques. He has been named by his peers as one of the "Best Lawyers in Commercial Litigation" in The Best Lawyers in America guide. Mr. Siegel's knowledge and experience in corporate governance and litigation matters provide the Company with significant guidance and oversight.

Kevin McCarty

Basic Compensation

Name Fiscal Year Total

Larry Mizel

7,788,760

David Mandarich

7,545,300

Robert Martin

1,535,660

Michael Touff

761,949

Herbert Buchwald

500,307

Raymond Baker

271,807

Michael Berman

230,307

David Blackford

242,807

Paris Reece

254,307

David Siegel

257,807

Kevin McCarty

--
As Of  30 Dec 2016

Options Compensation

Name Options Value

Larry Mizel

1,793,950 48,526,780

David Mandarich

1,793,950 48,314,090

Robert Martin

0 0

Michael Touff

218,697 4,861,300

Herbert Buchwald

0 0

Raymond Baker

0 0

Michael Berman

0 0

David Blackford

0 0

Paris Reece

0 0

David Siegel

0 0

Kevin McCarty

0 0