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Lennar (NYSE: LEN) investors re-elect board, reject equal-voting push

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Lennar Corporation reported the results of its 2026 Annual Meeting of Stockholders held on April 8, 2026. Stockholders elected nine directors, each to serve until the 2027 Annual Meeting, with support levels generally well above 400 million votes for most nominees.

Stockholders approved, on an advisory basis, the compensation of the company’s named executive officers, with 426,605,552 votes for and 46,160,769 votes against. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending November 30, 2026, by 482,154,444 votes for and 11,175,791 against.

Two stockholder proposals received insufficient support and were not approved. A proposal on Equal Voting Rights for Each Share received 173,722,020 votes for and 298,980,467 against, while a proposal on Disclosure of Voting Results by Share Class received 119,820,521 votes for and 335,906,299 against.

Positive

  • None.

Negative

  • None.
Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Say-on-pay votes for 426,605,552 votes Advisory approval of executive compensation
Say-on-pay votes against 46,160,769 votes Advisory approval of executive compensation
Auditor ratification votes for 482,154,444 votes Ratification of Deloitte & Touche LLP for FY ending Nov 30, 2026
Equal voting rights proposal votes for 173,722,020 votes Stockholder proposal on Equal Voting Rights for Each Share
Equal voting rights proposal votes against 298,980,467 votes Stockholder proposal on Equal Voting Rights for Each Share
Disclosure by share class votes for 119,820,521 votes Stockholder proposal on Disclosure of Voting Results by Share Class
Disclosure by share class votes against 335,906,299 votes Stockholder proposal on Disclosure of Voting Results by Share Class
Highest director support 452,976,642 votes for Election of director Serena Wolfe
broker non-votes financial
"Votes For | Votes Against | Votes Abstaining | Broker Non-votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
named executive officers financial
"compensation of the Company's named executive officers described in the 2026 Proxy Statement"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
independent registered public accounting firm financial
"ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Equal Voting Rights for Each Share financial
"did not approve a stockholder proposal on an Equal Voting Rights for Each Share"
Disclosure of Voting Results by Share Class financial
"did not approve a stockholder proposal on Disclosure of Voting Results by Share Class"
LENNAR CORP /NEW/0000920760false00009207602026-04-082026-04-080000920760us-gaap:CommonClassAMember2026-04-082026-04-080000920760us-gaap:CommonClassBMember2026-04-082026-04-08

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
April 8, 2026
Date of Report (Date of earliest event reported)
LENNAR CORPORATION
(Exact name of registrant as specified in its charter)
Delaware1-1174995-4337490
(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 classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $.10LENNew York Stock Exchange
Class B Common Stock, par value $.10LEN.BNew 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 5.07. Submission of Matters to a Vote of Security Holders.
On April 8, 2026, the Company held its 2026 Annual Meeting of Stockholders, during which five proposals were voted upon by the Company’s stockholders. The proposals are described in detail in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission on February 26, 2026 (the “2026 Proxy Statement”). 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 until the 2027 Annual Meeting of Stockholders:
Votes ForVotes AgainstVotes AbstainingBroker Non-votes
Amy Banse440,721,10315,338,64517,026,13520,349,156
Theron I. ("Tig") Gilliam441,801,33514,265,18817,019,36020,349,156
Sherrill W. Hudson430,010,58126,068,22017,007,08220,349,156
Teri P. McClure435,853,92020,214,62417,017,33920,349,156
Stuart Miller407,971,66948,110,31617,003,89820,349,156
Armando Olivera444,703,85811,372,25217,009,77320,349,156
Dacona Smith447,811,8358,247,99117,026,05720,349,156
Jeffrey Sonnenfeld383,992,15172,088,68417,005,04820,349,156
Serena Wolfe452,976,6423,103,26017,005,98120,349,156
2.    Stockholders approved, on an advisory basis, the compensation of the Company's named executive officers described in the 2026 Proxy Statement. The results of the vote were as follows:
Votes ForVotes AgainstVotes AbstainingBroker Non-votes
426,605,55246,160,769319,56220,349,156
3.    Stockholders ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending November 30, 2026. The results of the vote were as follows:
Votes ForVotes AgainstVotes AbstainingBroker Non-votes
482,154,44411,175,791104,804
4.    Stockholders did not approve a stockholder proposal on an Equal Voting Rights for Each Share. The results of the vote were as follows:
Votes ForVotes AgainstVotes AbstainingBroker Non-votes
173,722,020298,980,467383,39620,349,156
5.    Stockholders did not approve a stockholder proposal on Disclosure of Voting Results by Share Class. The results of the vote were as follows:
Votes ForVotes AgainstVotes AbstainingBroker Non-votes
119,820,521335,906,29917,359,06320,349,156






Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.Description of Document
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: April 13, 2026
Lennar Corporation
By:
/s/ Diane Bessette
Name:Diane Bessette
Title:Vice President and Chief Financial Officer

FAQ

What did Lennar (LEN) stockholders decide at the 2026 annual meeting?

Lennar stockholders elected nine directors, approved executive compensation on an advisory basis, and ratified Deloitte & Touche LLP as auditor. They voted down two stockholder proposals on equal voting rights and enhanced disclosure of voting results by share class.

How did Lennar (LEN) investors vote on executive compensation in 2026?

Lennar investors approved the advisory vote on named executive officer compensation, with 426,605,552 votes for, 46,160,769 against, and 319,562 abstentions. There were 20,349,156 broker non-votes, indicating broad but not unanimous support for the company’s pay practices.

Was Deloitte & Touche LLP reappointed as Lennar (LEN) auditor for 2026?

Yes. Stockholders ratified Deloitte & Touche LLP as Lennar’s independent registered public accounting firm for the fiscal year ending November 30, 2026, with 482,154,444 votes for, 11,175,791 against, and 104,804 abstentions, reflecting strong support for the existing audit relationship.

What happened to Lennar (LEN) stockholder proposal on equal voting rights?

The stockholder proposal titled Equal Voting Rights for Each Share did not pass. It received 173,722,020 votes for and 298,980,467 votes against, with 383,396 abstentions and 20,349,156 broker non-votes, indicating stockholders declined to adopt the requested voting change.

How did Lennar (LEN) shareholders vote on disclosure of results by share class?

Stockholders did not approve the proposal on Disclosure of Voting Results by Share Class. The measure received 119,820,521 votes for, 335,906,299 votes against, 17,359,063 abstentions, and 20,349,156 broker non-votes, showing limited support for the requested additional disclosure.

Which Lennar (LEN) director nominees received the highest support in 2026?

Among Lennar’s director nominees, Serena Wolfe received 452,976,642 votes for and 3,103,260 against, while Dacona Smith received 447,811,835 votes for and 8,247,991 against. All nine nominees were elected to serve until the 2027 Annual Meeting of Stockholders.

Filing Exhibits & Attachments

4 documents