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.
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
(e) On November 30, 2016, the Lennar Corporation 2016 Target Bonus Opportunity cash award agreements (“Award Agreements”) granted under the Lennar Corporation 2012 Incentive Compensation Plan were amended to remove the provision that required the employee to be employed by Lennar Corporation (the “Company”) on the date of the applicable bonus payment. The provision that was removed stated:
“50% of the bonus payment is contingent on the recipient being employed with the Company on the applicable payment date. No bonus will be earned or paid unless the participant remains employed in good standing through such date.”
The Award Agreements with respect to each of our named executive officers were previously filed with the Securities and Exchange Commission as exhibits to the Company’s Form 10-K for the fiscal year ended November 30, 2015.
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. LENNAR CORPORATION (NYSE:LEN) Recent Trading Information
LENNAR CORPORATION (NYSE:LEN) closed its last trading session down -0.01 at 42.01 with 2,498,449 shares trading hands.
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. LENNAR CORPORATION (NYSE:LEN) Recent Trading Information
LENNAR CORPORATION (NYSE:LEN) closed its last trading session down -0.01 at 42.01 with 2,498,449 shares trading hands.
