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.
(b)
On April 10, 2018, Donna Shalala resigned from her position as a director of Lennar Corporation (the “Company”), effective as of that date, in order to pursue election as a Florida Representative to the United States House of Representatives. Dr. Shalala has been a valuable member of the Company’s Board of Directors, and the Company wishes Dr. Shalala the best in her future endeavors.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On April11, 2018, the Company held its 2018 Annual Meeting of Stockholders. The final results for each of the matters submitted to a vote of stockholders at the meeting were as follows:
|
(1) |
The following individuals were elected as directors to serve a one-year term expiring at the next Annual Meeting of Stockholders: |
|
Votes For |
Votes Withheld |
Broker Non-votes |
|
|
Irving Bolotin |
495,808,598 |
9,053,705 |
25,917,700 |
|
Steven L. Gerard |
449,919,116 |
54,943,187 |
25,917,700 |
|
Theron I. “Tig” Gilliam |
479,304,465 |
25,557,838 |
25,917,700 |
|
Sherrill W. Hudson |
479,401,911 |
25,460,392 |
25,917,700 |
|
Sidney Lapidus |
496,743,338 |
8,118,965 |
25,917,700 |
|
Teri P. McClure |
479,294,668 |
25,567,635 |
25,917,700 |
|
Stuart A. Miller |
502,313,075 |
2,549,228 |
25,917,700 |
|
Armando Olivera |
503,201,187 |
1,661,116 |
25,917,700 |
|
Jeffrey Sonnenfeld |
497,705,534 |
7,156,769 |
25,917,700 |
|
Scott Stowell |
502,267,594 |
2,594,709 |
25,917,700 |
|
(2) |
Stockholders ratified the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending November30, 2018. The results of the vote were as follows: |
|
Votes For |
Votes Against |
Votes Abstaining |
|
527,752,038 |
2,803,096 |
224,869 |
|
(3) |
Stockholders approved, on an advisory basis, the compensation of our named executive officers described in the Proxy Statement dated February28, 2018 relating to the Company’s 2018 Annual Meeting of Stockholders. The results of the vote were as follows: |
|
Votes For |
Votes Against |
Votes Abstaining |
Broker Non-votes |
|
389,071,721 |
113,554,764 |
2,235,818 |
25,917,700 |
|
(4) |
Stockholders did not approve a stockholder proposal regarding our common stock voting structure. The results of the vote were as follows: |
|
Votes For |
Votes Against |
Votes Abstaining |
Broker Non-votes |
|
183,410,909 |
320,785,806 |
665,588 |
25,917,700 |
|
(5) |
Stockholders did not approve a stockholder proposal regarding providing holders an annual right to convert a limited amount of Class B common stock into Class A common stock. The results of the vote were as follows: |
|
Votes For |
Votes Against |
Votes Abstaining |
Broker Non-votes |
|
72,114,232 |
432,074,224 |
673,847 |
25,917,700 |
|
(6) |
Stockholders did not approve a stockholder proposal regarding a limit on director tenure. The results of the vote were as follows: |
|
Votes For |
Votes Against |
Votes Abstaining |
Broker Non-votes |
|
5,318,839 |
498,584,952 |
958,512 |
25,917,700 |
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.
