Lennar director Sidney Lapidus will not stand for re-election; board to reduce to 10
LENNAR CORP /NEW/
Sidney Lapidus, board member since 1997 and Chair of Independent Directors Transactions Committee, will not stand for re-election at 2025 Annual Meeting.
He will continue serving until his term expires at the 2025 Annual Meeting; no disagreement with the Company.
Board size will be reduced from 11 to 10 members effective upon expiration of Lapidus's term.
Armando Olivera was previously appointed Lead Director in April 2024, succeeding Lapidus in that role.
On January 13, 2025, Sidney Lapidus, a member of the Board of Directors (the “Board”) of Lennar Corporation (the “Company”), notified the Board of his decision not to stand for re-election to the Board at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Sidney Lapidus departed as Director at LENNAR CORP /NEW/.
Action
not stand for re-election
Role
Director
Exact text from the filing
On January 13, 2025, Sidney Lapidus, a member of the Board of Directors (the “Board”) of Lennar Corporation (the “Company”), notified the Board of his decision not to stand for re-election to the Board at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
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