M.D.C. Holdings, Inc.
PROPOSAL NUMBER DESCRIPTION FOR WITHHELD 1A Election of Directors - 39,166,218 3,187,015 Nominee: William B. Kemper 1B Election of Directors - 42,145,527 207,706 Nominee: David D. Mandarich PROPOSAL NUMBER DESCRIPTION FOR AGAINST WITHHELD 2 To approve the M.D.C. 23,264,723 13,472,459 20,518 Holdings, Inc. Amended Executive Officer Performance-Based Compensation Plan. 3 To approve a plan amendment 22,909,524 12,869,331 978,845 to authorize stock option repricing and an exchange program to reprice stock options held by non-executive officer employees. 4 WITHDRAWN 5 To vote on a shareowner 1,171,892 35,523,419 62,389 proposal concerning establishment of a new compliance committee and review of regulatory, litigation and compliance risks. 6 To approve the selection of 42,237,185 86,903 29,145 Ernst & Young LLP as the Company's independent registered public accounting firm for the 2008 fiscal year.
The Company also announced that its board of directors has declared a regular quarterly cash dividend of twenty-five cents ($.25) per share on the Company's common stock. The dividend will be paid on Wednesday, May 28, 2008 to shareowners of record on Wednesday, May 14, 2008.
Since 1972, MDC has built and financed the American dream for more than 150,000 families. As one of the largest homebuilders in the United States, the Company has homebuilding divisions across the country, including Denver, Colorado Springs, Salt Lake City, Las Vegas, Phoenix, Tucson, California, Chicago, Northern Virginia, Maryland, Philadelphia/Delaware Valley and Jacksonville. The Company also provides mortgage financing, insurance and title services, primarily for MDC homebuyers, through its wholly owned subsidiaries, HomeAmerican Mortgage Corporation, American Home Insurance Agency and American Home Title and Escrow, respectively. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit https://www.richmondamerican.com/.
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SOURCE: M.D.C. Holdings, Inc.
CONTACT: Paris G. Reece III, Chief Financial Officer, +1-303-804-7706,
Web site: https://www.richmondamerican.com/