Form 8-K - Current report

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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: October 10, 2024

(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: [phone]

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.			☐

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Election of Director. On October 10, 2024, the KB Home board of directors elected Ms. Cheryl J. Henry as a director for a term ending at KB Home’s 2025 Annual Meeting of Stockholders and appointed her to the board’s nominating and corporate governance committee. Ms. Henry will participate in the same compensation program as KB Home’s other independent directors. Ms. Henry is the former President, Chief Executive Officer, and Chairwoman of Ruth’s Hospitality Group, Inc., a fine-dining restaurant company. She also serves on the board of directors of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL). With Ms. Henry’s election, the KB Home board of directors has ten members, nine of whom are independent.

A copy of the press release KB Home issued announcing Ms. Henry’s election to the board of directors is attached as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.						Description
99.1						Press release dated October 10, 2024 announcing Cheryl J. Henry’s election to the board of directors.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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EXHIBIT INDEX

Exhibit No.						Description
99.1						Press release dated October 10, 2024 announcing Cheryl J. Henry’s election to the board of directors.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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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 10, 2024

 

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

 

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Exhibit 99.1

FOR IMMEDIATE RELEASE			For Further Information:
			Jill Peters, Investor Relations Contact
			[phone] or [e-mail]

KB HOME ELECTS CHERYL J. HENRY TO ITS BOARD OF DIRECTORS

LOS ANGELES (October 10, 2024) – KB Home (NYSE: KBH) today announced the election of Cheryl J. Henry to its Board of Directors on October 10, 2024. Ms. Henry was also appointed to the Board’s Nominating and Corporate Governance Committee. Her initial term will end at KB Home’s 2025 Annual Meeting of Stockholders, at which time she will stand for stockholder vote.

Ms. Henry is the former President, Chief Executive Officer and Chairwoman of Ruth's Hospitality Group, Inc., a fine-dining restaurant company operating over 150 Ruth's Chris Steak House restaurants worldwide, prior to its acquisition. A seasoned executive, Ms. Henry has extensive operational and marketing experience, having served in a variety of senior roles at Ruth’s Chris, including Chief Operating Officer, before assuming the CEO role. Previously, Ms. Henry served as Chief of Staff for the Mayor of Orlando. She also serves on the board of directors of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL).

“We are very excited to welcome Cheryl to our Board of Directors,” said Jeffrey Mezger, Chairman and Chief Executive Officer. “She brings significant executive-level experience from her leadership of a respected brand in the consumer sector, and we are confident she will contribute unique insights and perspectives across a range of strategic and operational dimensions. Additionally, she has a strong network of relationships in Florida, both at the state level and in Orlando, an important market for our Company.”

About KB Home

KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 markets, have built over 680,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional homebuying experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

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Cover	Oct. 10, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Oct. 10, 2024
Entity Registrant Name	KB HOME
Entity Incorporation, State or Country Code	DE
Entity File Number	1-9195
Entity Tax Identification Number	95-3666267
Entity Address, Address Line One	10990 Wilshire Boulevard
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90024
City Area Code	310
Local Phone Number	231-4000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Document Information [Line Items]
Title of 12(b) Security	Common Stock (par value $1.00 per share)
Trading Symbol	KBH
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0000795266
Amendment Flag	false
Document Type	8-K
Document Period End Date	Oct. 10, 2024
Entity Registrant Name	KB HOME
Entity Incorporation, State or Country Code	DE
Entity File Number	1-9195
Entity Tax Identification Number	95-3666267
Entity Address, Address Line One	10990 Wilshire Boulevard
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90024
City Area Code	310
Local Phone Number	231-4000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false

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