KB Home director not seeking re-election; NEOs awarded $17.55M in FY2023 incentives

KB HOME

Director Melissa Lora not seeking re-election at April 2024 annual meeting; decision not due to any disagreement.
CEO Jeffrey Mezger awarded $8.96M total annual incentive ($7.28M cash + 27,465 restricted shares at $61.12).
Other NEOs Kaminski ($2.12M), McGibney ($3.19M + $0.53M performance award), Praw ($1.70M), Woram ($1.58M with 513 restricted shares).
Board approved updated form indemnification agreement for directors and certain officers.

item 5.02 item 9.01

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Departed

Melissa Lora

Director

KBH · KB HOME

Effective: 2024-04-18
Filed: January 22, 2024, 6:59 PM ET

On January 17, 2024, director Melissa Lora informed the KB Home board of directors of her decision not to seek re-election at KB Home’s 2024 Annual Meeting of Stockholders.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Melissa Lora departed as Director at KB HOME.

Action: not seeking re-election
Role: Director

Exact text from the filing

On January 17, 2024, director Melissa Lora informed the KB Home board of directors of her decision not to seek re-election at KB Home’s 2024 Annual Meeting of Stockholders.

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KB HOME filing history →

Source: SEC EDGAR

accession 0000795266-24-000010

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