secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0000795266-21-000109
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/0000795266-21-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526621000109/kbh-20210708.htm
  HTML page:      https://secwatch.observer/filing/0000795266-21-000109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer