{"schema_version":"secwatch.filing_event.v1","accession":"0000795266-21-000109","form_type":"8-K","ticker":"KBH","cik":"0000795266","company_name":"KB HOME","filed_at":"2021-07-13T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.778252+00:00","generated_at":"2026-06-30T05:53:51.684502+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KB Home elects Chipotle CEO Brian Niccol to board, authorizes 5M share buyback, appoints co-COO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000795266-21-000109","json":"https://secwatch.observer/filing/0000795266-21-000109.json","markdown":"https://secwatch.observer/filing/0000795266-21-000109.md","text":"https://secwatch.observer/filing/0000795266-21-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/kbh-20210708.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T05:53:51.684502+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"58e590c84c","claim":"Matthew W. Mandino was appointed as co-chief operating officer at KB HOME.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"co-chief operating officer"}],"fact_type":"executive_change"},{"claim_id":"5d1c0c0ce2","claim":"Robert V. McGibney was appointed as executive vice president and co-chief operating officer at KB HOME.","evidence_excerpt":"the board of directors elected Robert V. McGibney, 46, as executive vice president and co-chief operating officer, effective as of July 1, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"executive vice president and co-chief operating officer"}],"fact_type":"executive_change"},{"claim_id":"8423b7c778","claim":"Michael M. Wood resigned as director at KB HOME.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"e6e9bed4a9","claim":"Brian R. Niccol was elected as director at KB HOME.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}