Lennar Corp Files 10-K/A Amendment for Fiscal Year Ended Nov 30, 2023

TL;DR

<b>Lennar Corp has submitted an amended annual report (10-K/A) for the fiscal year ending November 30, 2023, providing updated financial and operational details.</b>

AI Summary

LENNAR CORP /NEW/ (LEN-B) filed a Amended Annual Report (10-K/A) with the SEC on April 25, 2024. Lennar Corp filed an amended 10-K report for the fiscal year ending November 30, 2023. The company is incorporated in Delaware and headquartered in Miami, Florida. Lennar Corp's Class A and Class B common stock are traded on the New York Stock Exchange. The filing is an annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. This amendment (No. 1) was filed on April 25, 2024.

Why It Matters

For investors and stakeholders tracking LENNAR CORP /NEW/, this filing contains several important signals. This amended filing ensures compliance with SEC reporting requirements and provides stakeholders with the most current information regarding the company's performance and financial position. As a major homebuilder, updates to their annual report can signal changes in the housing market, construction industry trends, and the company's strategic direction.

Risk Assessment

Risk Level: — LENNAR CORP /NEW/ shows moderate risk based on this filing. The filing is an amendment to a previous 10-K, indicating a need for correction or addition of information, but the nature of the amendment is not detailed in the provided header.

Analyst Insight

Review the full 10-K/A filing to understand the specific changes and their implications for Lennar Corp's financial health and future outlook.

Key Numbers

• 2023-11-30 — Fiscal Year End Date (Fiscal year ended November 30, 2023)
• 0000920760 — Central Index Key (Lennar Corp's Central Index Key)
• 1-11749 — Commission File Number (Lennar Corp's SEC file number)
• 95-4337490 — IRS Number (Lennar Corp's IRS Employer Identification No.)

Key Players & Entities

• Lennar Corp (company) — Registrant
• New York Stock Exchange (company) — Exchange where securities are registered
• Delaware (company) — State of incorporation
• Miami, Florida (company) — Principal executive offices
• Securities Exchange Act of 1934 (regulator) — Act under which the report is filed
• PACIFIC GREYSTONE CORP /DE/ (company) — Former company name

FAQ

Industry Context

Lennar Corporation operates in the residential construction industry, a sector sensitive to economic conditions, interest rates, and consumer confidence.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information to investors.

What Investors Should Do

1. Thoroughly review the full 10-K/A filing to identify specific amendments and their impact.
2. Analyze any new financial data or disclosures provided in the amendment.
3. Assess how these updates might affect investor sentiment and the company's stock performance.

Key Dates

• 2023-11-30: Fiscal Year End — End of the reporting period for the 10-K/A filing.
• 2024-04-25: Filing Date — Date the amended 10-K/A was filed with the SEC.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating that the original 10-K filing for the fiscal year ended November 30, 2023, has been updated or corrected.

Filing Documents

• len-20231130.htm (10-K/A) — 82KB
• len-20231130x10kaxexh311.htm (EX-31.1) — 4KB
• len-20231130x10kaxexh312.htm (EX-31.2) — 4KB
• len-20231130x10kaxexh313.htm (EX-31.3) — 4KB
• executiveofficerrecoverypo.htm (EX-97) — 15KB
• len-20231130_g1.jpg (GRAPHIC) — 6KB
• 0001628280-24-018177.txt (&nbsp;) — 375KB
• len-20231130.xsd (EX-101.SCH) — 2KB
• len-20231130_def.xml (EX-101.DEF) — 22KB
• len-20231130_lab.xml (EX-101.LAB) — 39KB
• len-20231130_pre.xml (EX-101.PRE) — 23KB
• len-20231130_htm.xml (XML) — 10KB

Exhibit and Financial Statement Schedules

Item 15. Exhibit and Financial Statement Schedules. (a)(1) and (2) Financial Statements and Financial Statement Schedules. The financial statements and financial statement schedule of Lennar Corporation are not included in this Form 10-K/A. See Part II, Item 8 of the Original Form 10-K. (a)(3) Exhibits. The following exhibits are filed with this Report or incorporated by reference: 3.1 Restated Certificate of Incorporation of the Company, dated January 14, 2015, as amended by the Certificate of Amendment to Restated Certificate of Incorporation of the Company, dated February 12, 2018 - Incorporated by reference to Exhibit 3.1 of the Company's Annual Report on Form 10-K for the fiscal year ended November 30, 2019. 3.2 Bylaws of the Company, as amended effective September 28, 2022 - Incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K, dated September 28, 2022. 4.1 Description of Capital Stock - Incorporated by reference to Exhibit 4.1 of the Company's Annual Report on Form 10-K for the fiscal year ended November 30, 2019. 4.2 Indenture, dated as of December 31, 1997, between Lennar Corporation and Bank One Trust Company, N.A., as trustee - Incorporated by reference to Exhibit 4 of the Company's Registration Statement on Form S-3, Registration No. 333-45527, filed with the Commission on February 3, 1998. 4.3 Tenth Supplemental Indenture, dated as of April 28, 2015, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, including the form of 4.750% Senior Notes due 2025 - Incorporated by reference to Exhibit 4.14 of the Company's Current Report on Form 8-K, dated April 28, 2015. 4.5 Fourteenth Supplemental Indenture, dated as of April 28, 2017, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, including the form of 4.50% Senior Notes due 2024 - Incorporated by reference to Exhibit 4.18 of the Company's

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. LENNAR CORPORATION /S/ STUART MILLER Stuart Miller Executive Chairman and Co-Chief Executive Officer Date: April 25, 2024 LENNAR CORPORATION /S/ JONATHAN M. JAFFE Jonathan M. Jaffe Co-Chief Executive Officer and President Date: April 25, 2024

View Full Filing

View this 10-K/A filing on SEC EDGAR