KB HOME (NYSE:KBH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)Annual Incentive Awards. On January 24, 2019, the management development and compensation committee of KBHome’s board of directors determined the 2018 fiscal year incentive awards to eligible executive officers under KBHome’s annual incentive compensation program. The annual incentive awards to KBHome’s named executive officers are set forth in the table below.
|
Name |
AnnualIncentiveAward |
|
|
William R. Hollinger |
$ |
699,167 |
|
Jeff J. Kaminski |
$ |
1,634,658 |
|
Jeffrey T. Mezger |
$ |
6,443,082 |
|
Albert Z. Praw |
$ |
1,310,557 |
|
Brian J. Woram |
$ |
1,209,958 |
About KB HOME (NYSE:KBH)
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment. Its homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding segments, and also provides title services in various markets located within its Central and Southeast homebuilding segments. Its financial services operations also provide mortgage banking services, including residential consumer mortgage loan originations.
