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.
for KB Homes 2017 Annual Meeting of Stockholders (Annual
Meeting), the KB Home board of directors accepted the resignation
of director Robert L. Patton, Jr. from the board to KB Homes
majority vote election policy, and set the boards size at eight
members.
employment with KB Home as its executive vice president,
strategic operations to pursue other interests.
results for each item submitted to a vote of security holders at
the Annual Meeting are provided below. The rounded percentages
displayed below for the election of directors are based on the
total For and Against votes cast for each respective director
nominee. The rounded percentages displayed below for the named
executive officer compensation advisory vote and for the
ratification of independent registered public accounting firm are
based on the total number of shares of KB Home common stock that
were present or represented, and entitled to vote on each
respective item, at the Annual Meeting. The rounded percentages
displayed below for the advisory vote on frequency of the named
executive officer compensation advisory vote are based on the
total votes cast on the three options.
directors was as follows:
|
Director
|
For
|
%
|
Against
|
%
|
Abstentions
|
Broker Non-Votes
|
||||||
|
Timothy W. Finchem
|
68,320,139
|
98.0%
|
1,363,988
|
2.0%
|
56,050
|
13,397,811
|
||||||
|
Dr. Stuart A. Gabriel
|
69,570,343
|
99.9%
|
97,692
|
0.1%
|
72,142
|
13,397,811
|
||||||
|
Dr. Thomas W. Gilligan
|
69,538,961
|
99.8%
|
142,816
|
0.2%
|
58,400
|
13,397,811
|
||||||
|
Kenneth M. Jastrow, II
|
66,432,531
|
95.4%
|
3,237,827
|
4.7%
|
69,819
|
13,397,811
|
||||||
|
Robert L. Johnson
|
62,752,898
|
90.1%
|
6,929,310
|
9.9%
|
57,969
|
13,397,811
|
||||||
|
Melissa Lora
|
68,141,457
|
97.8%
|
1,542,899
|
2.2%
|
55,821
|
13,397,811
|
||||||
|
Jeffrey T. Mezger
|
69,275,944
|
99.4%
|
389,033
|
0.6%
|
75,200
|
13,397,811
|
||||||
|
Robert L. Patton, Jr.
|
34,330,699
|
49.3%
|
35,351,163
|
50.7%
|
58,315
|
13,397,811
|
||||||
|
Michael M. Wood
|
69,569,353
|
99.8%
|
114,215
|
0.2%
|
56,609
|
13,397,811
|
officer compensation was as follows:
|
For
|
%
|
Against
|
%
|
Abstentions
|
%
|
Broker Non-Votes
|
||||||
|
60,850,579
|
87.3%
|
8,604,710
|
12.3%
|
284,888
|
0.4%
|
13,397,811
|
executive officer compensation advisory vote was as follows:
|
Annual
|
%
|
Biennial
|
%
|
Triennial
|
%
|
Abstentions
|
Broker Non-Votes
|
|||||||
|
61,943,519
|
88.9%
|
89,166
|
0.1%
|
7,620,231
|
10.9%
|
87,261
|
13,397,811
|
|
On April 13, 2017, based on stockholders advisory vote
favoring such frequency at the Annual Meeting, KB Homes board of directors determined that it will include a named executive officer compensation advisory vote in KB Homes proxy materials annually until the next required frequency advisory vote, unless the board earlier determines in its discretion that it is appropriate to include the named executive officer compensation advisory vote on a less frequent basis. Federal securities law requires that a frequency advisory vote be held at least once every six years. |
|
4.
|
The vote to ratify Ernst Young LLPs appointment as KB Homes
independent registered public accounting firm for the fiscal year ending November 30, 2017 was as follows: |
|
For
|
%
|
Against
|
%
|
Abstentions
|
%
|
Broker Non-Votes
|
||||||
|
82,218,518
|
98.9%
|
792,487
|
1.0%
|
126,983
|
0.2%
|
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. KB HOME (NYSE:KBH) Recent Trading Information
KB HOME (NYSE:KBH) closed its last trading session up +0.02 at 20.70 with 2,109,080 shares trading hands.
