---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-024926"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:32:16.419587+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lennar Co-CEO Rick Beckwitt to retire Sept 1; Stuart Miller named Co-CEO alongside Jon Jaffe

## Summary
- Rick Beckwitt retires as Co-CEO and Co-President effective Sept 1, 2023, resigns from Board.
- Stuart Miller, Executive Chairman, becomes Co-CEO (continue as Exec. Chairman); Jon Jaffe remains Co-CEO and President.
- Separation agreement provides $20.2M payment to Beckwitt for release, non-compete, cancellation of unvested performance shares.
- Beckwitt retains outstanding service-based restricted shares under 2016 Equity Plan.

## SEC filing metadata
- accession: 0001628280-23-024926
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000162828023024926/0001628280-23-024926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828023024926/len-20230714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-024926
- JSON: https://secwatch.observer/filing/0001628280-23-024926.json
- Plain text: https://secwatch.observer/filing/0001628280-23-024926.txt

## Key facts
- Executive change
  Rick Beckwitt retired as Co-Chief Executive Officer and Co-President at LENNAR CORP /NEW/.
  - Action: retired
  - Role: Co-Chief Executive Officer and Co-President
  source text: Rick Beckwitt, who joined the Company in 2006 and who has served as a Co-Chief Executive Officer and Co-President of the Company since November 2020, has decided to retire as a Co-Chief Executive Officer and Co-President and resign as a member of the Board of Directors of the Company, effective September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/920760/000162828023024926/0001628280-23-024926-index.htm
- Executive change
  Rick Beckwitt resigned as member of the Board of Directors at LENNAR CORP /NEW/.
  - Action: resigned
  - Role: member of the Board of Directors
  source text: resign as a member of the Board of Directors of the Company, effective September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/920760/000162828023024926/0001628280-23-024926-index.htm
- Executive change
  Stuart Miller was appointed as Co-Chief Executive Officer at LENNAR CORP /NEW/.
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: The Company has appointed Stuart Miller as a Co-Chief Executive Officer of the Company to succeed Mr. Beckwitt, effective September 1, 2023, contingent upon the execution and effectiveness of the Beckwitt Separation Agreement (as defined below).
  evidence_url: https://www.sec.gov/Archives/edgar/data/920760/000162828023024926/0001628280-23-024926-index.htm

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