secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001628280-23-024926
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828023024926/0001628280-23-024926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828023024926/len-20230714.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-024926

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