LENNAR CORP /NEW/0000920760false00009207602025-11-122025-11-120000920760us-gaap:CommonClassAMember2025-11-122025-11-120000920760us-gaap:CommonClassBMember2025-11-122025-11-12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
November 12, 2025
Date of Report (Date of earliest event reported) LENNAR CORPORATION
(Exact name of registrant as specified in its charter) | | | | | | | | |
| Delaware | 1-11749 | 95-4337490 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
5505 Waterford District Drive, Miami, Florida 33126
(Address of principal executive offices) (Zip Code)
(305) 559-4000
(Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| | | | | | | | |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Class A Common Stock, par value $.10 | LEN | New York Stock Exchange |
| Class B Common Stock, par value $.10 | LEN.B | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 12, 2025, Jonathan M. Jaffe, who joined Lennar Corporation (the “Company”) in 1983 and who has served as Co-Chief Executive Officer and President of the Company since September 2023, notified the Board of Directors (the “Board”) of the Company of his decision to retire as Co-Chief Executive Officer and President of the Company and accordingly, to resign as a director of the Board of the Company, in each case, effective as of December 31, 2025. The Company does not intend to seek a replacement for Mr. Jaffe’s position at this time. In connection with Mr. Jaffe’s resignation as a director on the Board, the Board intends to reduce its size from ten members to nine members, effective as of December 31, 2025.
Stuart Miller, currently the Executive Chairman and a Co-Chief Executive Officer of the Company, will continue as the Company’s Executive Chairman and Chief Executive Officer following Mr. Jaffe’s retirement.
Item 7.01. Regulation FD Disclosure.
A copy of the press release announcing Mr. Jaffe’s retirement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 7.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed as part of this Current Report on Form 8-K.
| | | | | |
| Exhibit No. | Description of Document |
| |
| 99.1 | Press release issued by Lennar Corporation on November 14, 2025. |
| 104 | Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | | | |
Date: November 14, 2025 | Lennar Corporation |
| | |
| By: | /s/ Diane Bessette |
| Name: | Diane Bessette |
| Title: | Vice President and Chief Financial Officer |
