Stock Information

Board of Directors

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Larry A. Mizel

Chairman & Chief Executive Officer

With little more than $50,000 and a dream, Larry A. Mizel founded Mizel Development Corporation in 1972, a homebuilding company which later became MDC Holdings, Inc., parent company to Richmond American Homes. Under Larry's leadership, the organization began trading on the NYSE in 1984, grew into a nearly $5 billion business at the height of the last market cycle and is among the most respected in the homebuilding industry. His vision and strategic direction have seen the company through four housing market downturns.

Larry's philanthropic endeavors are wide-ranging. As one of the founders of the Simon Wiesenthal Center, Mr. Mizel has served as the International Chairman of the Board of Trustees since 2003. In addition, he was the founder of the Mizel Museum. Both the Simon Wiesenthal Center and the Mizel Museum promote understanding and tolerance and champion human rights. Larry has received numerous honors and recognition over the years, including being named Honorary Dean of the University of Denver's Burns School of Real Estate and Construction Management and receiving the distinguished 2001 Ellis Island Medal of Honor. Larry also serves as a life member of the Council on Foreign Relations.

David D. Mandarich

President & Chief Operating Officer

As a Colorado native and Vietnam veteran, David Mandarich joined MDC in 1980 and has since held many prominent leadership positions with the company. David's superior management skills helped MDC emerge from housing market downturns in a position of strength. He has served in his current role as President and Chief Operating Officer since 1999.

In working on land acquisition and oversight of MDC's day-to-day operations, David takes a hands-on approach to his job. He works diligently both in the field and at the home office to continually advance every aspect of MDC's business processes. His unerring commitment to excellence—coupled with over 30 years of homebuilding experience—has driven the sale of more than 155,000 single-family homes in multiple markets across the country.

Michael A. Berman

Director

Mr. Berman is the Chairman of Applied Capital Management, a private investment management firm located in Scottsdale, Arizona. He also serves as CEO of First Ascent Capital, a start-up financial services firm located in New York. From January 1990 until March 1999, Mr. Berman was employed by The Nomura Securities Co., Ltd. (Tokyo) group of companies, where he held several 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. Prior to joining Nomura, Mr. Berman was employed at Merrill Lynch from 1987 until 1989, where he held the title of Director, and at Kidder Peabody & Co., Inc. from 1980 until 1987, where he held several executive positions. Mr. Berman received a BA in Economics with honors from San Francisco State University. He was appointed to the Company's Board of Directors in April 2006.

Member of the Audit Committee
Member of the Compensation Committee
Member of the Nominating and Corporate Governance Committee

David E. Blackford

Director

David Blackford has been president, chairman and chief executive officer of California Bank & Trust (CB&T), a subsidiary of Zions Bancorporation, since May 2001. Blackford joined CB&T in 1998 and has been a member of the bank's Board of Directors, Executive Committee and Senior Loan Committee since that time. Prior to this appointment, he was managing director of Real Estate Finance and executive vice president of the Orange County Division.

In addition to his CEO duties, Blackford retains responsibility for overseeing the branch and commercial banking operations of the Orange County Division, covering retail, middle market and corporate banking activities. Blackford has been instrumental in propelling CB&T to a highly regarded position in the field of commercial real estate lending and continues to build CB&T's overall strength in the California marketplace.

A graduate of Williams College in Massachusetts, he has 27 years of high-level banking experience, including serving as executive vice president and manager at Bank One, Southwestern Region.

Member of the Audit Committee
Chair of the Nominating and Corporate Governance Committee

Herbert T. Buchwald

Lead Director

Herbert T. Buchwald has been 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, for more than the past five years. Mr. Buchwald has been a practicing Certified Public Accountant and served as principal financial officer of a publicly held homebuilder in Florida. He is an attorney admitted to practice before federal and state trial and appellate courts in Florida and Colorado. In addition, Mr. Buchwald has been engaged for over 30 years in the real estate development of residential and commercial properties in Florida, New Jersey and Colorado, serving as chief executive officer of various entities. Mr. Buchwald was appointed to the Company's Board of Directors in March 1994 and is a member of the Audit, Compensation, Legal and Corporate Governance/Nominating Committees. He also is a director of M.D.C. Land Corporation ("MDC Land"), a wholly-owned subsidiary of the Company. Mr. Buchwald currently serves as the Board's Lead Director.

Chair of the Audit Committee
Member of the Compensation Committee
Member of the Legal Committee
Member of the Nominating and Corporate Governance Committee

William B. Kemper

Director

William B. Kemper has been engaged in private real estate investments, real estate development and property management since May 1982. Prior to May 1982, he was president of Gold Crown, Inc., a real estate development company. He also is a director of HomeAmerican Mortgage Corporation ("HomeAmerican"), the Company's wholly-owned mortgage lending subsidiary. Mr. Kemper has been a Director since January 1972. He is Chairman of the Audit Committee and a member of the Compensation and Corporate Governance/Nominating Committees.

Member of the Audit Committee
Chair of the Compensation Committee
Member of the Nominating and Corporate Governance Committee

Steven J. Borick

Director

Steven J. Borick was named President and Chief Executive Officer of Superior Industries International, Inc. effective January 1, 2004. Mr. Borick had been named President and Chief Operating Officer effective January 1, 2003 and, prior to that date, he served as Executive Vice President of that company. Mr. Borick has been a director of that company since 1981. Superior Industries International, Inc. is a NYSElisted manufacturer of automobile wheels and suspension parts. Mr. Borick has been President of Texakota, Inc., an oil and gas exploration and development company, and general partner in Texakota Oil Company, a private oil and gas partnership, for the last eight years. Mr. Borick has been a Director since April 1987 and is Chairman of the Compensation Committee. He was a member of the Audit Committee, having left that committee effective February 20, 2006.

Member of the Legal Committee

David Siegel

Director

Mr. Siegel is a partner in the law firm of Irell & Manella LLP and leads the firm's securities litigation practice. Mr. Siegel was the firm's Managing Partner for two three-year terms, the maximum tenure. Mr. Siegel's law practice is concentrated on the defense of securities class actions and investor claims against corporations, directors and officers. Mr. Siegel has chaired and is a frequent speaker at various seminars concerning securities litigations, 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 received a J.D. degree in 1981 from the University of California, Hastings College of Law, where he was valedictorian, a member of the Order of the Coif and the Thurson Legal Honor Society and Articles Editor of the Hastings Law Journal. He was appointed to the Company's Board of Directors in June 2009.