KB Home SEC Filings

KB Home reported the voting results from its 2026 Annual Meeting of Stockholders held on April 23, 2026. All ten director nominees were elected, each receiving more than 95% of votes cast in favor, such as Robert V. McGibney with 51,435,392 votes for and 222,362 against.

Stockholders approved, on a non-binding advisory basis, the named executive officer compensation, with 45,147,858 votes for and 6,358,104 against. They also ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending November 30, 2026, with 55,748,540 votes for and 873,803 against.

KB HOME EVP & Chief Financial Officer Robert R. Dillard reported a tax-related share disposition. On this Form 4, 2,297 shares of common stock were delivered back to the company to cover tax withholding obligations from the vesting of a prior restricted share grant. After this tax-withholding transaction, he directly holds 17,057 shares of KB HOME common stock.

KB Home reported weaker results for the quarter ended February 28, 2026. Total revenues fell to $1,077,011k, down 23% from a year earlier, as homebuilding revenues declined and homes delivered dropped to 2,370 with a lower average selling price of $452,100.

Homebuilding pretax income decreased 74% to $34,789k, and total pretax income fell 71% to $40,324k. Net income declined to $33,424k, a 69% drop, with diluted earnings per share down 65% to $0.52. Housing gross profit margin compressed to 15.3%, reflecting price reductions, higher relative land costs, and less operating leverage.

The company still invested $567.2M in land and land development and repurchased 843,339 shares for $50.0M. Liquidity totaled about $1.20B, including $201,798k of cash and $998.4M of capacity under its revolving credit facility, with $200.0M drawn.

KB Home scheduling disclosure by The Vanguard Group. The filing amends a Schedule 13G to report that The Vanguard Group and certain affiliates hold 0 shares of KB Home common stock (CUSIP 48666K109) and 0% ownership. The amendment explains an internal realignment dated January 12, 2026 that led subsidiaries to report holdings separately. The form is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.

KB Home reported weaker results for its first quarter ended February 28, 2026. Total revenues fell 23% year over year to $1.08 billion, as homes delivered declined 14% to 2,370 and the average selling price dropped to $452,100 from $500,700.

Homebuilding operating income slid to $33.0 million with a housing gross profit margin of 15.3%, down from 20.2%, reflecting price cuts, higher land costs and reduced operating leverage. Net income fell to $33.4 million, or $0.52 per diluted share, compared to $1.49 a year earlier.

Net orders rose 3% to 2,846, but ending backlog decreased to 3,604 homes valued at $1.70 billion from $2.20 billion. The company ended the quarter with about $1.20 billion of liquidity and a debt-to-capital ratio of 32.9%, and repurchased $50.0 million of stock. Guidance for 2026 calls for 10,000–11,500 deliveries and housing revenues of $4.80–$5.50 billion.

KB Home is asking stockholders to vote at its virtual 2026 annual meeting on April 23, 2026, on electing 10 directors, an advisory Say‑on‑Pay vote, and ratifying Ernst & Young as auditor.

For fiscal 2025, the company generated $6.24 billion in revenue and $428.8 million in net income, with diluted EPS of $6.15 and book value per share rising 10% to $61.75. KB Home returned more than $600 million to stockholders through dividends and buybacks, including repurchasing 13% of outstanding shares, while investing over $2.6 billion in land and development.

Leadership transitioned on March 1, 2026, with Robert V. McGibney promoted to CEO and Jeffrey T. Mezger becoming Executive Chairman. The board remains largely independent, uses majority voting, and ties executive pay strongly to performance, with about 92% of 2025 CEO total direct compensation performance‑based and 2025 CEO pay down roughly 12% year over year. Long‑term incentives are entirely performance stock units linked to multi‑year earnings, returns and revenue growth.

KB Home amended a prior report to detail the compensation package for Robert V. McGibney when he becomes President and Chief Executive Officer effective March 1, 2026. His package includes a $1,000,000 annual base salary, an annual incentive target of 225% of base salary with a maximum of three times base salary for fiscal 2026, prorated from his promotion date, and eligibility for long-term incentives plus a promotional grant of time-vesting restricted stock to be set at the committee’s April meeting.

McGibney will continue to participate in KB Home’s existing executive benefit, retirement, change in control, and severance plans, with the Executive Severance Plan amended only to allow his continued participation as CEO, not to increase his benefits. Jeffrey T. Mezger will transition to Executive Chairman, remain KB Home’s most senior executive officer, and keep his current base salary and incentive target while leading the board and overseeing strategic areas to support a smooth leadership transition. McGibney will act as principal executive officer for Securities and Exchange Commission purposes.

KB Home Chief Executive Officer Jeffrey T. Mezger reported two stock transactions involving the company’s common stock. He acquired 249,005 shares at no cost through the vesting of performance-based restricted stock units that were originally granted on November 14, 2022 and tied to multi-year financial performance goals. In a related move, 106,699 shares at a price of $65.30 per share were disposed of back to KB Home to cover tax withholding obligations from this vesting, leaving him with 1,894,234 directly held shares.