KB HOME 8-K: Leadership & Compensation Changes Reported
Ticker: KBH · Form: 8-K · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation
TL;DR
**KB HOME filed an 8-K on Jan 24, 2024, detailing leadership and compensation changes from Jan 18, 2024.**
AI Summary
KB HOME filed an 8-K on January 24, 2024, reporting an event that occurred on January 18, 2024, related to changes in directors or officers and their compensation arrangements. The filing indicates that the company's Common Stock (par value $1.00 per share) and Rights to Purchase Series A Participating Cumulative Preferred Stock are registered on the New York Stock Exchange under the trading symbol KBH. This matters to investors because changes in leadership and compensation structures can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of corporate governance changes, not indicating immediate financial distress or major operational risks.
Analyst Insight
Investors should monitor subsequent filings or press releases for specific details regarding the leadership changes and compensation arrangements to assess their potential impact on KB HOME's future performance.
Key Numbers
- $1.00 — par value per share (Common Stock par value)
Key Players & Entities
- KB HOME (company) — registrant
- New York Stock Exchange (company) — exchange where securities are registered
- $1.00 (dollar_amount) — par value per share of Common Stock
- January 18, 2024 (date) — date of earliest event reported
- January 24, 2024 (date) — filing date of the 8-K
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 18, 2024.
What is the trading symbol for KB HOME's Common Stock on the New York Stock Exchange?
The trading symbol for KB HOME's Common Stock on the New York Stock Exchange is KBH.
What is the par value of KB HOME's Common Stock as stated in the filing?
The par value of KB HOME's Common Stock is $1.00 per share.
Which items of information are included in this 8-K filing?
This 8-K filing includes information under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
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.
Filing Stats: 613 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-01-24 16:36:19
Key Financial Figures
- $1.00 — ch registered Common Stock (par value $1.00 per share) KBH New York Stock Exchang
- $900,000 — n increase to his annual base salary to $900,000. A copy of a press release announcing
Filing Documents
- kbh-20240118.htm (8-K) — 34KB
- robertmcgibneyannouncement.htm (EX-99.1) — 9KB
- pressreleaseimagea.jpg (GRAPHIC) — 12KB
- 0000795266-24-000020.txt ( ) — 240KB
- kbh-20240118.xsd (EX-101.SCH) — 2KB
- kbh-20240118_def.xml (EX-101.DEF) — 15KB
- kbh-20240118_lab.xml (EX-101.LAB) — 29KB
- kbh-20240118_pre.xml (EX-101.PRE) — 24KB
- kbh-20240118_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release Announcing Robert V. McGibney's Election as President and Chief Operating Officer 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release Announcing Robert V. McGibney ' s Election as President and C h ief Opera ting Officer 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 24, 2024 KB Home By: /s/ William A. (Tony) Richelieu William A. (Tony) Richelieu Vice President, Corporate Secretary and Associate General Counsel 4