LGI Homes, Inc. Announces Appreciation Bonus For Frontline Employees
16 October 2020 - 10:00PM
LGI Homes, Inc. (NASDAQ: LGIH) today announced the payment of a
special appreciation bonus, totaling $1.5 million, to approximately
760 eligible “frontline” employees whose roles and responsibilities
require that they directly interact with the public on a daily
basis. The bonus is a recognition of the extraordinary efforts of
these workers during the COVID-19 pandemic.
Eric Lipar, LGI Homes’ Chief Executive Officer
noted, “I am incredibly proud of and grateful for the dedication of
all of our employees during this unpredictable time. While some of
our employees had the ability to fulfil their roles from home,
approximately 760 LGI team members were needed in the field daily
to support our operations as an essential business. These frontline
workers, made up of our Office Managers, Sales Managers, New Home
Consultants, Construction Managers and Customer Service Managers,
are responsible for directly engaging with our customers, trade
partners and other parties. Every day, these dedicated individuals
left the comfort and safety of their own homes to make
homeownership possible for others.
“In line with the announcement made during our
earnings call in August, effective today, we are recognizing each
of our frontline employees with a special $2,000 cash bonus as a
token of our gratitude. Their unwavering commitment allowed us to
provide homes for over 4,000 families since March. Without this
remarkable group of individuals, we could not have met the early
uncertainties of the pandemic or the unprecedented demand we have
experienced since May.”
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, LGI
Homes, Inc. engages in the design, construction and sale of homes
in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North
Carolina, South Carolina, Washington, Tennessee, Minnesota,
Oklahoma, Alabama, California, Oregon, Nevada, West Virginia and
Virginia. Since 2018, LGI Homes has been ranked as the 10th largest
residential builder in the United States based on units closed. The
Company has a notable legacy of more than 17 years of homebuilding
operations, over which time it has closed more than 40,000 homes.
For more information about the Company and its new home
developments, please visit the Company’s website at
www.LGIHomes.com.
CONTACT: Investor RelationsJoshua Fattor, (281)
210-2619InvestorRelations@LGIHomes.com
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