secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001193125-25-009205
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lennar sets record date and election period for Millrose spin-off; distribution ratio 1:2
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- Record date set for January 21, 2025; holders get one Millrose Class A share per two Lennar shares held.
- Election period runs from Jan 21 to Feb 3, 2025 to receive Millrose Class B instead of Class A.
- Approximately 80% of Millrose stock will be distributed; Lennar retains the remaining ~20%.
- Holders who do not submit an election by 5:00 p.m. ET on Feb 3 will automatically receive Millrose Class A.
- Elections must be made electronically via a dedicated portal; no mail-in option is available.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000119312525009205/0001193125-25-009205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000119312525009205/d913968d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-009205

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