UCP Elects Eric H. Speron to Board of Directors
December 01 2016 - 11:45AM
Business Wire
UCP, Inc. (NYSE:UCP) today announced that its Board of Directors
has elected Eric H. Speron as a new director, effective December
12, 2016. Mr. Speron has over 16 years of management and advisory
experience across the financial services industry. Since January
2016, Mr. Speron has also served as a member of the Board of
Directors of PICO Holdings, Inc. (Nasdaq: PICO), which is UCP’s
controlling stockholder. Mr. Speron will be a Class I Director and
replace John R. Hart, who will resign as a director effective
December 12, 2016.
Dustin L. Bogue, President and CEO of UCP and a member of its
Board of Directors, stated, “We are pleased to welcome Eric to our
Board. He brings significant financial management, investing and
strategic experience that we expect will contribute positively to
our continued improvement in profitability and returns on equity.
He is aligned with our core values and committed to our goals to
build on our revenue momentum, discipline in operations and ongoing
transformation of our business to drive shareholder value.”
Michael C. Cortney, Chairman of UCP’s Board of Directors, added,
“We are delighted that Eric has agreed to join our Board. Eric’s
strong business and investment acumen further strengthens our
Board, which is fortunate to have a diverse team of highly
respected business leaders. His counsel will be an asset to the
ongoing expansion of UCP. Additionally, we would like to thank John
for his many years of exemplary service on our Board and we wish
him well in his future endeavors.”
Mr. Speron is an analyst and portfolio manager of three
portfolios managed for clients of First Foundation. He also serves
as a member of the investment committee of First Foundation
Advisors and, as a member of the First Foundation Advisors
investment committee, assists in shaping the portfolio investment
process and overall asset allocations. Mr. Speron joined First
Foundation Advisors in 2007 from JPMorgan’s Institutional Equity
division. Mr. Speron is also a member of the board of directors of
PICO Holding, Inc. Mr. Speron is currently a member of the CFA
Institute and the Orange County Society of Financial Analysts. He
earned a Bachelor of Arts Degree with a double major from
Georgetown University where he was also voted Academic
All-American, Mid-Atlantic, for his academic and athletic
accomplishments.
About UCP, Inc.
UCP is a homebuilder and land developer with expertise in
residential land acquisition, entitlement, and development, as well
as home design, construction and sales. UCP operates in the States
of California, Washington, North Carolina, South Carolina and
Tennessee. UCP designs and builds single-family homes for a variety
of lifestyles and budgets through its wholly-owned subsidiary,
Benchmark Communities, LLC.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other federal securities laws. These forward-looking statements
can be identified by the use of words such as “may,” “might,”
“will,” “should,” “expects,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” “potential,” “project,” “goal,” “intend,”
“continue” or other similar expressions. These forward-looking
statements are subject to known and unknown risks and uncertainties
that can cause actual results to differ materially from those
currently anticipated due to a number of factors, including, but
not limited to, those described in the “Risk Factors” section of
UCP, Inc.’s most recent Annual Report on Form 10-K, as may be
updated from time to time in UCP, Inc.’s periodic filings with the
Securities and Exchange Commission (the “SEC”), all of which are
available free of charge on the SEC’s website at www.sec.gov.
Any forward-looking statement made by UCP, Inc. herein, or
elsewhere, speaks only as of the date on which it was made. New
risks and uncertainties come up from time to time, and it is
impossible for UCP, Inc. to predict these events or how they may
affect it. UCP, Inc. expressly disclaims any responsibility to
update or revise forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
law.
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