secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K/A
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0000795266-26-000033
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home finalizes CEO succession: McGibney gets $1M base, 225% target bonus
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- Robert V. McGibney promoted to President and CEO effective March 1, 2026; compensation set Feb 20, 2026.
- Base salary $1M; annual incentive target 225% of base, max 675%; long-term incentive to be determined in April.
- Jeffrey T. Mezger remains Executive Chairman, no compensation changes; oversees growth, land, capital markets.
- McGibney succeeds Mezger as principal executive officer for SEC purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526626000033/0000795266-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526626000033/kbh-20260122.htm
  HTML page:      https://secwatch.observer/filing/0000795266-26-000033

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