Pulte Homes is adopting comprehensive reporting of its soft money contributions and payments to trade associations and other tax-exempt organizations used for political purposes. In implementing these steps, Pulte Homes joins a growing list of Fortune 500 companies that are adopting similar programs.
"Good corporate governance practices are important to Pulte Homes," said Richard J. Dugas, Jr., President and CEO of Pulte Homes, Inc. "We believe by taking this action we are meeting best practices in the political disclosure area and, as the nation's largest homebuilder, it is important for us to set the example."
Pulte will release its initial report on year-to-date political spending on pulteinc.com by June 1, 2010.
About Pulte Homes
Pulte Homes, Inc., (NYSE: PHM) based in Bloomfield Hills, Mich., is one of America's largest home building companies with operations in 69 markets, 29 states and the District of Columbia. The Company has an unmatched capacity to meet the needs of all buyer segments through its brand portfolio that includes Pulte Homes, Centex and Del Webb, as well as its regional brands of DiVosta Homes (Florida) and Fox & Jacobs (Texas). In 2009, Pulte Homes brands received more top rankings than any other homebuilder in the annual J.D. Power and Associates 2009 New-Home Builder Customer Satisfaction Studysm. Pulte Mortgage LLC is a nationwide lender offering Pulte customers a variety of loan products and superior service.
SOURCE: Pulte Homes, Inc.
Investors: Jim Zeumer
Media: Caryn Klebba