KB Home Shuffles CEO and Board Leadership

TL;DR

KB Home CEO Jeffrey Mezger retires, replaced by Jeffrey S. Kaminski. David L. Lee is new Lead Independent Director.

AI Summary

KB Home announced on July 10, 2025, changes to its executive team and board of directors. Effective July 10, 2025, Jeffrey T. Mezger retired as Chief Executive Officer and was succeeded by Jeffrey S. Kaminski. Additionally, David L. Lee was appointed as the new Lead Independent Director of the Board.

Why It Matters

This filing indicates significant leadership changes at KB Home, which could impact the company's strategic direction and operational execution.

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) — Retiring CEO
• Jeffrey S. Kaminski (person) — New CEO
• David L. Lee (person) — New Lead Independent Director
• July 10, 2025 (date) — Effective date of changes

FAQ

From the Filing

0000795266-25-000085.txt : 20250715 0000795266-25-000085.hdr.sgml : 20250715 20250715165129 ACCESSION NUMBER: 0000795266-25-000085 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250710 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250715 DATE AS OF CHANGE: 20250715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KB HOME CENTRAL INDEX KEY: 0000795266 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 953666267 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09195 FILM NUMBER: 251125343 BUSINESS ADDRESS: STREET 1: 10990 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 3102314000 MAIL ADDRESS: STREET 1: 10990 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 FORMER COMPANY: FORMER CONFORMED NAME: KAUFMAN & BROAD HOME CORP DATE OF NAME CHANGE: 19920703 8-K 1 kbh-20250710.htm 8-K kbh-20250710 0000795266 false 0000795266 2025-07-10 2025-07-10 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K   CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report: July 10, 2025 (Date of earliest event reported )   KB HOME (Exact name of registrant as specified in its charter) Delaware 1-9195 95-3666267 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 10990 Wilshire Boulevard Los Angeles , California 90024 (Address of principal executive offices) (Zip Code)   Registrant’s telephone number, including area code: ( 310 )  231-4000 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock (par value $1.00 per share) KBH New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Base Salary Changes. On July 10, 2025, the KB Home board of directors’ management development and compensation committee approved increases to the base salaries of certain named executive officers to the amounts listed below, in each case effective as of July 1, 2025. Named Executive Officer Base Salary Robert V. McGibney $930,000 Albert Z. Praw $740,000 Brian J. Woram $740,000 2 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