---
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"
generated_at: "2026-06-30T05:53:51.684502+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000795266-21-000109
- JSON: https://secwatch.observer/filing/0000795266-21-000109.json
- Plain text: https://secwatch.observer/filing/0000795266-21-000109.txt

## Key facts
- Executive change
  Matthew W. Mandino was appointed as co-chief operating officer at KB HOME.
  - Action: appointed
  - Role: co-chief operating officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm
- Executive change
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm
- Executive change
  Michael M. Wood resigned as director at KB HOME.
  - Action: resigned
  - Role: director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm
- Executive change
  Brian R. Niccol was elected as director at KB HOME.
  - Action: elected
  - Role: director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.