---
schema_version: "secwatch.filing_event.v1"
accession: "0000795266-24-000010"
form_type: "8-K"
ticker: "KBH"
cik: "0000795266"
company_name: "KB HOME"
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:52:08.616307+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000795266-24-000010
- form_type: 8-K
- ticker: KBH
- cik: 0000795266
- company_name: KB HOME
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795266/000079526624000010/0000795266-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795266/000079526624000010/kbh-20240117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000795266-24-000010
- JSON: https://secwatch.observer/filing/0000795266-24-000010.json
- Plain text: https://secwatch.observer/filing/0000795266-24-000010.txt

## Key facts
- Executive change
  Melissa Lora departed as Director at KB HOME.
  - Action: not seeking re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/795266/000079526624000010/0000795266-24-000010-index.htm

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