United States securities and exchange commission logo
August 31, 2022
David P. Singelyn
Chief Executive Officer
American Homes 4 Rent
23975 Park Sorrento
Suite 300
Calabasas, California 91302
Re: American Homes 4
Rent
Definitive Proxy
Statement on Schedule 14A
Filed March 18,
2022
File No. 001-36013
Dear Mr. Singelyn:
We have limited our review of your most recent definitive proxy
statement to those issues
we have addressed in our comments.
Please respond to these comments by confirming that you will
enhance your future proxy
disclosures in accordance with the topics discussed below as well as any
material developments
to your risk oversight structure. For guidance, refer to Item 407(h) of
Regulation S-K.
Definitive Proxy Statement on Schedule 14A filed March 18, 2022
General
1. Please expand your
discussion of the reasons you believe that your leadership structure is
appropriate, addressing
your specific characteristics or circumstances. In your discussion,
please also address the
circumstances under which it would be appropriate to have the
Chair and CEO roles
filled by a single individual, when shareholders would be notified of
any such change, and
whether you will seek prior input from shareholders.
2. Please expand upon the
role that your Chairperson plays in the leadership of the board.
For example, please
enhance your disclosure to address whether or not your Chairperson
may:
represent the
board in communications with shareholders and other stakeholders; or
require board
consideration of, and/or override your CEO on, any risk matters.
3. Please expand upon how
your board administers its risk oversight function. For example,
please disclose:
David P. Singelyn
American Homes 4 Rent
August 31, 2022
Page 2
the timeframe over which you evaluate risks (e.g., short-term,
intermediate-term, or
long-term) and how you apply different oversight standards based
upon the
immediacy of the risk assessed;
whether you consult with outside advisors and experts to
anticipate future threats and
trends, and how often you re-assess your risk environment;
how the board interacts with management to address existing risks
and identify
significant emerging risks;
whether you have a Chief Compliance Officer and to whom this
position reports; and
how your risk oversight process aligns with your disclosure
controls and procedures.
We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.
Please contact Amanda Ravitz at 202-551-3412 or Barbara Jacobs at
202-551-3735 with
any questions.
Sincerely,
FirstName LastNameDavid P. Singelyn
Division of
Corporation Finance
Comapany NameAmerican Homes 4 Rent
Disclosure Review
Program
August 31, 2022 Page 2
cc: Michael McTiernan
FirstName LastName