KB Home Appoints New CFO, McDonagh
Ticker: KBH · Form: 8-K · Filed: 2024-10-15T00:00:00.000Z
Sentiment: neutral
Topics: executive-change, cfo, compensation
TL;DR
KB Home CFO out, new CFO McDonagh in with $500K salary + bonus.
AI Summary
KB Home announced on October 10, 2024, changes to its executive team, including the appointment of Brian W. McDonagh as Executive Vice President and Chief Financial Officer, effective October 15, 2024. McDonagh will receive an annual base salary of $500,000 and a target annual bonus of 100% of his base salary. The company also reported the departure of Jeffrey T. Kambhu as Executive Vice President and Chief Financial Officer.
Why It Matters
This filing signals a leadership transition in a key financial role at KB Home, which could impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: medium — Changes in executive leadership, particularly the CFO role, can introduce uncertainty regarding financial strategy and execution.
Key Numbers
- $500,000 — New CFO Base Salary (Brian W. McDonagh's annual base salary as the new Executive Vice President and Chief Financial Officer.)
- 100% — New CFO Bonus Target (Brian W. McDonagh's target annual bonus as a percentage of his base salary.)
Key Players & Entities
- KB Home (company) — Registrant
- Brian W. McDonagh (person) — Appointed Executive Vice President and Chief Financial Officer
- Jeffrey T. Kambhu (person) — Departing Executive Vice President and Chief Financial Officer
- $500,000 (dollar_amount) — Brian W. McDonagh's annual base salary
- 100% (dollar_amount) — Brian W. McDonagh's target annual bonus percentage
- October 15, 2024 (date) — Effective date for Brian W. McDonagh's appointment
- October 10, 2024 (date) — Date of report and earliest event
FAQ
Who has been appointed as the new Executive Vice President and Chief Financial Officer of KB Home?
Brian W. McDonagh has been appointed as the new Executive Vice President and Chief Financial Officer of KB Home.
When is Brian W. McDonagh's appointment as CFO effective?
Brian W. McDonagh's appointment is effective October 15, 2024.
What is Brian W. McDonagh's annual base salary?
Brian W. McDonagh's annual base salary is $500,000.
Who is departing from the CFO role at KB Home?
Jeffrey T. Kambhu is departing from the role of Executive Vice President and Chief Financial Officer.
What is the target annual bonus for the new CFO?
The target annual bonus for Brian W. McDonagh is 100% of his base salary.
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 14.5 · Accepted 2024-10-15 16:35:46
Key Financial Figures
- $1.00 — ch registered Common Stock (par value $1.00 per share) KBH New York Stock Exchang
Filing Documents
- kbh-20241010.htm (8-K) — 29KB
- 0000795266-24-000132.txt ( ) — 192KB
- kbh-20241010.xsd (EX-101.SCH) — 2KB
- kbh-20241010_def.xml (EX-101.DEF) — 14KB
- kbh-20241010_lab.xml (EX-101.LAB) — 25KB
- kbh-20241010_pre.xml (EX-101.PRE) — 23KB
- kbh-20241010_htm.xml (XML) — 3KB
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: October 15, 2024 KB Home By: /s/ William A. (Tony) Richelieu William A. (Tony) Richelieu Vice President, Corporate Secretary and Associate General Counsel 3