KB HOME Reports Officer/Director Changes, Comp Arrangements
Ticker: KBH · Form: 8-K · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-compensation, leadership-change
TL;DR
**KB HOME just filed an 8-K about leadership changes and executive pay.**
AI Summary
KB HOME filed an 8-K on January 22, 2024, reporting an event that occurred on January 17, 2024. This filing indicates changes related to the departure or election of directors or officers, as well as compensatory arrangements for certain officers. It also covers financial statements and exhibits. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can directly influence a company's strategic direction and operational efficiency, which are key drivers of shareholder value.
Risk Assessment
Risk Level: low — This filing is a standard disclosure of corporate governance changes and does not inherently indicate significant financial risk.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific names and details regarding the leadership changes and compensation arrangements, as these specifics will determine the actual impact on the company's future direction.
Key Numbers
- $1.00 — Par Value per Share (par value of KB HOME's Common Stock)
Key Players & Entities
- KB HOME (company) — registrant filing the 8-K
- New York Stock Exchange (company) — exchange where KB HOME's stock is registered
- $1.00 (dollar_amount) — par value per share of Common Stock
Forward-Looking Statements
- KB HOME will provide more details on specific officer/director changes in future filings or press releases. (KB HOME) — high confidence, target: Q1 2024
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 17, 2024.
What specific items are covered under 'ITEM INFORMATION' in this 8-K?
The 'ITEM INFORMATION' covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
What is the trading symbol for KB HOME's Common Stock?
The trading symbol for KB HOME's Common Stock is KBH.
Where is KB HOME's principal executive office located?
KB HOME's principal executive office is located at 10990 Wilshire Boulevard, Los Angeles, California 90024.
What is the par value of KB HOME's Common Stock?
The par value of KB HOME's Common Stock is $1.00 per share.
Filing Stats: 841 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-01-22 16:56:58
Key Financial Figures
- $1.00 — ch registered Common Stock (par value $1.00 per share) KBH New York Stock Exchang
- $61.12 — on stock on January 18, 2024, which was $61.12. Named Executive Officer Total Annual
- $531,358 — performance-based cash award payout of $531,358. This award was granted to Mr. McGibney
Filing Documents
- kbh-20240117.htm (8-K) — 47KB
- exhibit1032kbhomeformindem.htm (EX-10.32) — 105KB
- 0000795266-24-000010.txt ( ) — 352KB
- kbh-20240117.xsd (EX-101.SCH) — 2KB
- kbh-20240117_def.xml (EX-101.DEF) — 15KB
- kbh-20240117_lab.xml (EX-101.LAB) — 29KB
- kbh-20240117_pre.xml (EX-101.PRE) — 24KB
- kbh-20240117_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.32 Form of Indemnification Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 EXHIBIT INDEX Exhibit No. Description 10.32 F orm of Indemnification Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 22, 2024 KB Home By: /s/ William A. (Tony) Richelieu William A. (Tony) Richelieu Vice President, Corporate Secretary and Associate General Counsel 4