<SEC-DOCUMENT>0001571049-16-013701.txt : 20160406
<SEC-HEADER>0001571049-16-013701.hdr.sgml : 20160406
<ACCEPTANCE-DATETIME>20160406165422
ACCESSION NUMBER:		0001571049-16-013701
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160406
DATE AS OF CHANGE:		20160406
EFFECTIVENESS DATE:		20160406

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PULTEGROUP INC/MI/
		CENTRAL INDEX KEY:			0000822416
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				382766606
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09804
		FILM NUMBER:		161557996

	BUSINESS ADDRESS:	
		STREET 1:		3350 PEACHTREE ROAD NORTHEAST
		STREET 2:		SUITE 1600
		CITY:			ATLANTA
		STATE:			2Q
		ZIP:			30326
		BUSINESS PHONE:		2486472750

	MAIL ADDRESS:	
		STREET 1:		3350 PEACHTREE ROAD NORTHEAST
		STREET 2:		SUITE 1600
		CITY:			ATLANTA
		STATE:			2Q
		ZIP:			30326

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PULTE HOMES INC/MI/
		DATE OF NAME CHANGE:	20011023

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PULTE CORP
		DATE OF NAME CHANGE:	19931118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHM CORP
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PULTE WILLIAM J
		CENTRAL INDEX KEY:			0001231248

	FILING VALUES:
		FORM TYPE:		PX14A6G

	MAIL ADDRESS:	
		STREET 1:		100 BLOOMFIELD HILL PARKWAY
		STREET 2:		STE 300
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48304
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>t1600957_px14a-6g.htm
<DESCRIPTION>NOTICE OF EXEMPT SOLICITATION
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<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>NOTICE OF
EXEMPT SOLICITATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Submitted Pursuant to Rule 14a-6(g)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white; text-indent: 0.5in">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Name of the Registrant:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>PulteGroup, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Name of person relying on exemption:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>William J. Pulte</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Address of person relying on exemption:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>6515 Thomas Jefferson Court, Naples, Florida 34108</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>Written Materials. Attach written material required to be
                                         submitted pursuant to Rule 14a-6(g)(1).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>The attached written materials are submitted pursuant
to voluntary application of Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934, as amended.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>William J. Pulte, Founder and Largest Shareholder
of PulteGroup, Sends Letter to the Board of Directors of PulteGroup, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">April 4, 2016 &mdash; William J. Pulte, the founder and largest
shareholder of PulteGroup, Inc., today announced that he sent the following letter to the Board of Directors of PulteGroup, Inc.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">April 4, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">PulteGroup, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">3350 Peachtree Road NE, Suite 150</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Atlanta, Georgia 30326</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">As the founder, former Chairman and CEO,
and largest shareholder of PulteGroup, Inc., I am writing in light of the company&rsquo;s public announcements this morning to
reiterate my extreme disappointment in the leadership of CEO Richard Dugas and the lack of performance of PulteGroup under his
watch.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">I told Richard early on in his tenure
that I intended to allow him to own and drive PulteGroup&rsquo;s operations and strategy and not to insert myself into the day-to-day
operations of the company. Unfortunately, Richard Dugas&rsquo; lack of performance and repeated bad decision-making has led me
to conclude that the company needs new leadership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Accordingly, I recently approached Richard
Dugas and the Board and conveyed my disappointment in Richard Dugas&rsquo; leadership and the need for an immediate change. Based
on ensuing discussions I had with members of the Board, I understood that the Board was seriously considering my concerns, and
I hoped that they would take steps to implement a near-term change for the benefit of PulteGroup shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This morning, however, I learned that PulteGroup announced that
Richard Dugas had informed the Board of his intention to retire over a year from now. This falls far short of the short-term leadership
change that PulteGroup shareholders and PulteGroup employees need.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In addition, the company also disclosed this morning in its definitive
proxy statement for the 2016 annual shareholder meeting that the Board had determined not to nominate James Grosfeld to continue
as a director of PulteGroup &ldquo;<FONT STYLE="background-color: white">for a number of reasons, </FONT>including as a result
of differing points of view between Mr. Grosfeld and the other independent directors over succession planning and other business
strategy matters.&rdquo; The company had previously disclosed in its preliminary proxy statement for the 2016 annual shareholder
meeting that Mr. Grosfeld was a nominee. The Board&rsquo;s decision not to renominate Mr. Grosfeld reflects an attempt to stifle
any differing views on management and business strategy matters, which is contrary to good corporate governance. Jim Grosfeld
is highly regarded as one of the best homebuilding executives and homebuilding financial experts in the history of the U.S.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">homebuilding industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Specific examples of the leadership failures of Richard Dugas and
the inadequate performance of PulteGroup under his watch include, but are not limited to, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Since Richard
                                         Dugas was appointed CEO almost 13 years ago, PulteGroup&rsquo;s stock price has not appreciated
                                         significantly, even when many peers have performed strongly since the Great Recession.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Richard Dugas
                                         laid off key and irreplaceable homebuilding talent that have left the Company.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>After many
                                         years of losses at PulteGroup, Richard Dugas moved the Company&rsquo;s headquarters from
                                         suburban Detroit to Atlanta, which cost the shareholders tens of millions of dollars
                                         with no apparent benefit to shareholders. It is important to note that PulteGroup had
                                         become the largest homebuilder in the United States while headquartered in Michigan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The shareholders and employees of PulteGroup deserve a strong and
growing company, especially in today&rsquo;s highly competitive and growing environment. The necessary management changes are
long overdue, and the succession plan announced by the Board only serves to further delay these changes to the detriment of shareholders.
PulteGroup has great assets and many loyal and talented employees, whose potential is waiting to be realized with effective leadership.
This is not about going backward; this is about going forward with the right CEO and the right strategies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Accordingly, I am asking the Board to significantly accelerate
the announced succession plan for Richard Dugas, and recruit an experienced and seasoned homebuilding operator as CEO, one who
truly understands the homebuilding business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I stand ready to assist in identifying such a person and enabling
a bright future for PulteGroup and my fellow shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Bill Pulte</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Founder</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pulte Homes (PHM:NYSE)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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