LENNAR CORPORATION (NYSE:LEN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On January11, 2018, the Compensation Committee of the Board of Directors of Lennar Corporation (the “Company”) approved a 2018 award agreement under the Company’s 2016 Incentive Compensation Plan relating to incentive compensation for Mark Sustana, the Company’s Secretary and General Counsel. The award agreement describes a cash bonus opportunity based on the achievement of specified performance goals. A copy of the award agreement is filed as Exhibit 10.1 hereto.
| Item 5.02. | Financial Statements and Exhibits. |
(d) Exhibits.
LENNAR CORP /NEW/ ExhibitEX-10.1 2 d495619dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 LENNAR CORPORATION 2018 TARGET BONUS OPPORTUNITY SR. CORPORATE MANAGEMENT ASSOCIATES NAME DEPARTMENT ASSOCIATE ID# TARGET AWARD OPPORTUNITY [1] Mark Sustana Legal 163237 100% of base salary The following are measured to determine % of target paid out: PERFORMANCE CRITERIA (see definitions section for more detail) PERCENT OF TARGETAWARD PERFORMANCE LEVELS/ TARGET BONUS OPPORTUNITY THRESHOLD % OF TARGET Individual Performance — Based on annual Performance Appraisal review determined at the end of the fiscal year by current supervisor. 60% Good Very Good Excellent 20% 40% 60% Corporate Governance,…To view the full exhibit click here
About LENNAR CORPORATION (NYSE:LEN)
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.
