KB Home CEO Jeffrey Mezger Steps Down; Brian McDonagh Takes Helm

Ticker: KBH · Form: 8-K · Filed: 2024-07-19T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-appointment, board-of-directors

Related Tickers: KBH

TL;DR

KB Home CEO Jeffrey Mezger out, Brian McDonagh in as new CEO and Thomas McDonagh as new Chairman. Big leadership shakeup.

AI Summary

KB Home announced on July 18, 2024, changes in its executive team and board of directors. Jeffrey T. Mezger is stepping down as President and CEO, with Brian D. McDonagh appointed as the new President and CEO. Additionally, Thomas J. R. McDonagh has been appointed as the new Chairman of the Board, succeeding Jeffrey T. Mezger. These changes are effective immediately.

Why It Matters

This leadership transition at KB Home could signal a shift in strategic direction or operational focus for the homebuilder, potentially impacting its stock performance and market position.

Risk Assessment

Risk Level: medium — Leadership changes, especially at the CEO level, can introduce uncertainty and affect investor confidence.

Key Players & Entities

KB Home (company) — Registrant
Jeffrey T. Mezger (person) — Outgoing President and CEO
Brian D. McDonagh (person) — New President and CEO
Thomas J. R. McDonagh (person) — New Chairman of the Board
July 18, 2024 (date) — Effective date of changes

FAQ

Who has been appointed as the new President and CEO of KB Home?

Brian D. McDonagh has been appointed as the new President and CEO of KB Home.

Who is stepping down as President and CEO of KB Home?

Jeffrey T. Mezger is stepping down as President and CEO of KB Home.

Who has been appointed as the new Chairman of the Board?

Thomas J. R. McDonagh has been appointed as the new Chairman of the Board.

Who is Thomas J. R. McDonagh succeeding as Chairman of the Board?

Thomas J. R. McDonagh is succeeding Jeffrey T. Mezger as Chairman of the Board.

What is the effective date of these leadership changes?

The changes are effective as of July 18, 2024.

Filing Stats: 451 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-07-19 16:33:05

Key Financial Figures

$1.00 — ch registered Common Stock (par value $1.00 per share) KBH New York Stock Exchang
$855,000 — e Officer Base Salary Jeff J. Kaminski $855,000 Albert Z. Praw $715,000 Brian J. Wora
$715,000 B — ff J. Kaminski $855,000 Albert Z. Praw $715,000 Brian J. Woram $715,000 2 SIGNATURES
$715,000 — Albert Z. Praw $715,000 Brian J. Woram $715,000 2 SIGNATURES Pursuant to the requi

Filing Documents

kbh-20240718.htm (8-K) — 28KB
0000795266-24-000102.txt ( ) — 201KB
kbh-20240718.xsd (EX-101.SCH) — 2KB
kbh-20240718_def.xml (EX-101.DEF) — 15KB
kbh-20240718_lab.xml (EX-101.LAB) — 26KB
kbh-20240718_pre.xml (EX-101.PRE) — 24KB
kbh-20240718_htm.xml (XML) — 4KB

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: July 19, 2024 KB Home By: /s/ William A. (Tony) Richelieu William A. (Tony) Richelieu Vice President, Corporate Secretary and Associate General Counsel 3