At MDC, we do not believe in mediocrity. Our experience, leadership and disciplined approach to business have given us the competitive edge needed to succeed in an ever-evolving industry. These characteristics have helped to sustain us through turbulent economic periods and create value for our shareholders.
Our business judgment comes not only from building homes for more than 240,000 families over more than four decades, but also from the hands-on experience our two senior leaders have gained during their combined 90+ years at MDC.
Given the strength of our balance sheet and our industry expertise, we believe we are well positioned for continued success and growth.
We want to extend our appreciation to our employees, subcontractors, customers, business associates and shareowners for their continued support in our ongoing pursuit of operational excellence.
Sincerely,
Larry A. Mizel, Executive Chairman
David D. Mandarich, President and Chief Executive Officer
Shareholders and other interested parties may contact the independent Directors and the Board of Directors by sending communications directly to any of the following persons:
Paris G. Reece III, Chairman, Audit Committee
4350 S. Monaco Street, Denver, CO 80237 F: 303.488.4519
Any communications that come within the purview of a Board committee and/or the Board will be forwarded to the committee chair and the Lead Director, as applicable.
The Richmond American Homes companies (RAH), HomeAmerican Mortgage Corporation (HMC), American Home Insurance
Agency (also known as AHI Insurance Agency) (AHI) and American Home Title and Escrow Company (AHT) are
owned, directly or indirectly, by M.D.C. Holdings, Inc. and, therefore, are affiliated companies. Each of
RAH, HMC, AHI and AHT offers services independently of each other, and if you obtain a product or service
from one company, you are not required to utilize the services of, or obtain products from, the other
company. Your decision to use a company that is not affiliated with RAH, HMC, AHI or AHT will not affect
your ability to obtain products and services from these companies. See licensing information.
Certain statements on the Site, including statements regarding the MDC Companies' business, financial condition,
results of operation, cash flows, strategies and prospects, constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be
identified by terminology such as "likely," "may," "will," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential" or "continue," or the negative of such terms and other
comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements of the MDC Companies to be materially
different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Additional information about the risks and uncertainties applicable to the MDC Companies' business
is contained in MDC's filings with the Securities and Exchange Commission, including MDC's Annual Reports on
Form 10-K and Quarterly Reports on Form 10-Q. The MDC Companies undertake no duty to update publicly any
forward-looking statements, whether as a result of new information, future events or otherwise. However, any
further disclosures made on related subjects in MDC's subsequent filings with the Securities and Exchange
Commission, press releases and/or presentations should be considered.
