UWM Holdings Corp
For the period ended Jun 4, 2025. Filed Apr 25, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 4, 2025 · Filed Apr 25, 2025
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SCHEDULE 14A
INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant
☒
Filed by a Party other than the Registrant
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Definitive Additional Materials |
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| ☐ | Soliciting Material Pursuant to Section 240.14a-12 |
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UWM Holdings Corporation
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
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| ☐ | Fee paid previously with preliminary materials. |
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| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
| DATE AND TIME Wednesday, June 4, 2025 10:30 a.m., Eastern Time | LOCATION Our meeting will be held at our offices located at: UWM Main Campus – North Auditorium 585 S. Boulevard E, Pontiac, MI 48341 | RECORD DATE Stockholders of record at the close of business on April 7, 2025 are entitled to notice of, and to vote at, the meeting and any adjournment thereof. |
| ITEMS OF BUSINESS | BOARD RECOMMENDATION | |
| 1. | To elect as directors the three nominees named in the attached proxy statement for a three-year term or until their successors are elected and qualified | “FOR” each Director Nominee |
| 2. | To ratify the appointment of Deloitte & Touche LLP (“Deloitte”) as our Independent Registered Public Accountants | “FOR” |
| 3. | To approve, on an advisory basis, the compensation of our named executive officers | “FOR” |
Our Board of Directors is soliciting proxies from stockholders who wish to vote at the Annual Meeting. Stockholders will also transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof. These matters are more fully discussed in the accompanying proxy statement.
Whether or not you expect to attend the meeting, please vote using the internet or by mail, in each case, by following the instructions in our proxy statement. Stockholders who execute a proxy may nevertheless attend the meeting, revoke their proxy and vote their shares during the meeting.
By Order of the Board of Directors UWM HOLDINGS CORPORATION Mat Ishbia Chairman, Chief Executive Officer and President
VOTING METHODS
You can vote by proxy whether or not you attend the Annual Meeting. To vote by proxy, you have a choice of voting over the internet, by telephone or by using a traditional proxy card.
| INTERNET Visit www.proxyvote.com and follow the instructions to obtain your records and to create an electronic voting instruction form. | MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to: Vote Processing, c/o Broadridge 51 Mercedes Way, Edgewood, NY 11717 |
| TELEPHONE Call 1-800-690-6903 to transmit your voting instructions up until 11:59 p.m. Eastern Time the day before the cut-off date or meeting date. Have your proxy card in hand when you call and then follow the instructions. |
We mailed a Notice of Internet Availability of Proxy Materials containing instructions on how to access our proxy statement and annual report for the year ended December 31, 2024 on or about April 25, 2025. Our proxy statement and annual report are available online at www.proxyvote.com
UWM HOLDINGS CORPORATION > 2025 PROXY STATEMENT
LETTER FROM THE CHAIRMAN AND CEO
| TO OUR SHAREHOLDERS AND FAMILY: As we reflect on the last year, I want to take this opportunity to thank you for your continued trust and investment in United Wholesale Mortgage (UWMC). Since going public in 2021, we have remained steadfast in our commitment to championing the wholesale mortgage channel, delivering industry-leading technology, and providing unparalleled service to our broker partners. Our success is a testament to the dedication of our team members and the strength of our broker-centric model, which continues to drive growth and shareholder value. 2024 was another fantastic year for UWM. We delivered record-breaking purchase volume in the lowest year on record for existing home sales in the U.S. since 1995. We achieved approximately $330 million of net income and a gain margin of 110 basis points, up 19% from 2023. 2024 marked our third consecutive year as the #1 overall lender, our fourth year in a row as the #1 purchase lender, and our tenth consecutive year as the #1 wholesale lender. Despite rates staying higher for longer, we maintained our leadership position by staying true to our core principles: innovation, speed, and service. Our continued investments in proprietary technology, including artificial intelligence, have streamlined the loan process, improving efficiency for both brokers and borrowers. For example, we are very pleased with the efficiency and knowledge enhancements from ChatUWM, an exclusive client- and team-member-facing AI platform. Additionally, our disciplined approach to cost management and strategic execution has allowed us to navigate market fluctuations while maintaining financial strength with unparalleled preparedness for an evolving rate cycle. 2024 also proved to be another incredible year for broker channel growth. The Broker Channel achieved its highest overall share of direct-funded loans in over 15 years, posting a 27.3% share of the market. To put this in perspective, in 2020, the broker channel share in the U.S. was 18.2%. As we look ahead, we remain focused on expanding our leadership in the wholesale channel and capitalizing on opportunities to further differentiate UWM from our competitors. We will continue to make strategic investments in technology, training, and partnerships that empower mortgage brokers to thrive, which enable borrowers to receive unparalleled service and savings. Regardless of the rate environment, I believe that UWM has never been better prepared for the future. Your confidence and support are integral to our success. On behalf of our Board of Directors and the entire UWM team, thank you for your trust in our leadership and our vision for the future. We look forward to another year of progress, innovation, and shared success. Sincerely, | 2024 marked our third consecutive year as the #1 overall lender, our fourth yearin a row as the #1 purchaselender, and our tenthconsecutive year as the #1wholesale lender.” |
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UWM HOLDINGS CORPORATION > 2025 PROXY STATEMENT
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.