LENNAR CORPORATION (NYSE:LEN) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

LENNAR CORPORATION (NYSE:LEN) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On June 26, 2019, the Board of Directors (the “Board”) of Lennar Corporation (the “Company”) adopted amendments to the Company’s By-Laws (as so amended, the “Amended By-Laws”) to provide that, in an uncontested election of directors, a person will not be elected as a director unless that person receives a majority of the votes cast. Plurality voting is retained for contested elections. In order for any incumbent director to become a nominee of the Board for further service on the Board, the incumbent director will be required to submit an irrevocable resignation, which resignation shall become effective upon (a) that person not receiving a majority of the votes cast in an uncontested election, and (b) acceptance by the Board of that resignation in accordance with the policies and procedures adopted by the Board for such purpose. The Amended By-Laws became effective immediately upon adoption by the Board.

This summary does not purport to be complete and is qualified in its entirety by reference to the text of the Amended By-Laws. The Amended By-Laws are included as Exhibit 3.1 to this Current Report on Form 8-K and are incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

3.1    By-Laws of Lennar Corporation, as amended effective June 26, 2019.

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EX-3.1 2 d60950dex31.htm EX-3.1 EX-3.1 Exhibit 3.1 BY-LAWS of LENNAR CORPORATION A Delaware Corporation As Amended Effective October 3,…
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Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily. Its Homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which it has investments. The Lennar Financial Services segment operations include mortgage financing, title insurance and closing services for its homebuyers and others. The Rialto segment operations include commercial real estate, investment management and finance company. The Lennar Multifamily segment develops a portfolio of institutional multifamily rental properties in select the United States markets.

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