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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)

On June26, 2018, Diane Bessette, who is a Vice President and the Treasurer of the Company, and, effective April11, 2018, was elected to the additional position of Chief Financial Officer, received an increase in her base salary, effective December1, 2017, to $750,000. In addition, on June26, 2018, Ms.Bessette was granted 19,376 shares of restricted ClassA common stock, one-third of which vest on each of July2, 2019, July2, 2020 and July2, 2021, subject to forfeiture in accordance with the terms of the grant.

Also on June26, 2018, Bruce Gross, who was formerly Vice President and Chief Financial Officer of the Company and, on April 11, 2018, was promoted to Chief Executive Officer of Lennar Financial Services, a subsidiary of the Company, received an increase in his base salary, effective December1, 2017, to $750,000. In addition, on June26, 2018, Mr.Gross was granted 26,157 shares of restricted ClassA common stock, one-third of which vest on each of July2, 2019, July2, 2020 and July2, 2021, subject to forfeiture in accordance with the terms of the grant.

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.