8-K filed July 13, 2021, 7:59 PM ET ticker KBH CIK 0000795266

leadership confidence high sentiment positive materiality 0.75

KB Home elects Chipotle CEO Brian Niccol to board, authorizes 5M share buyback, appoints co-COO

KB HOME

Michael M. Wood resigns from board, becomes director emeritus; Brian R. Niccol (Chipotle CEO) elected.
Robert V. McGibney appointed EVP and co-COO alongside Matthew Mandino; base salary $750,000.
Base salary increases: Jeff Kaminski to $775K, Matthew Mandino to $795K, Albert Praw and Brian Woram to $640K each.
Board authorized up to 5,000,000 share repurchase, incorporating 2,193,947 shares remaining under prior program.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Matthew W. Mandino

co-chief operating officer

KBH · KB HOME

Filed: July 13, 2021, 7:59 PM ET

the board of directors concurrently appointed Matthew W. Mandino, KB Home’s executive vice president and chief operating officer, as a co-chief operating officer.

Appointed

Robert V. McGibney

executive vice president and co-chief operating officer

KBH · KB HOME

Effective: 2021-07-01
Filed: July 13, 2021, 7:59 PM ET

the board of directors elected Robert V. McGibney, 46, as executive vice president and co-chief operating officer, effective as of July 1, 2021.

Departed

Michael M. Wood

director

KBH · KB HOME

Effective: 2021-07-08
Successor: Brian R. Niccol
Filed: July 13, 2021, 7:59 PM ET

On July 8, 2021, director Michael M. Wood resigned from the KB Home board of directors, effective immediately, in conjunction with being appointed as a director emeritus.

Appointed

Brian R. Niccol

director

KBH · KB HOME

Effective: 2021-07-08
Filed: July 13, 2021, 7:59 PM ET

Concomitant with Mr. Wood’s resignation and appointment, the board of directors elected Brian R. Niccol as a director for a term ending at KB Home’s 2022 Annual Meeting of Stockholders

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew W. Mandino was appointed as co-chief operating officer at KB HOME.

Action: appointed
Role: co-chief operating officer

Exact text from the filing

the board of directors concurrently appointed Matthew W. Mandino, KB Home’s executive vice president and chief operating officer, as a co-chief operating officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert V. McGibney was appointed as executive vice president and co-chief operating officer at KB HOME.

Action: appointed
Role: executive vice president and co-chief operating officer

Exact text from the filing

the board of directors elected Robert V. McGibney, 46, as executive vice president and co-chief operating officer, effective as of July 1, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael M. Wood resigned as director at KB HOME.

Action: resigned
Role: director

Exact text from the filing

On July 8, 2021, director Michael M. Wood resigned from the KB Home board of directors, effective immediately, in conjunction with being appointed as a director emeritus.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian R. Niccol was elected as director at KB HOME.

Action: elected
Role: director

Exact text from the filing

Concomitant with Mr. Wood’s resignation and appointment, the board of directors elected Brian R. Niccol as a director for a term ending at KB Home’s 2022 Annual Meeting of Stockholders

View on SEC.gov

KB HOME filing history →

Source: SEC EDGAR

accession 0000795266-21-000109

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