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Lennar Corp/New – ‘8-K’ for 2/26/21

On:  Wednesday, 3/3/21, at 5:01pm ET   ·   For:  2/26/21   ·   Accession #:  1193125-21-67743   ·   File #:  1-11749

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/03/21  Lennar Corp/New                   8-K:5,9     2/26/21   13:416K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     27K 
 2: EX-10.1     Material Contract                                   HTML    141K 
 3: EX-10.2     Material Contract                                   HTML     19K 
 9: R1          Document and Entity Information                     HTML     50K 
11: XML         IDEA XML File -- Filing Summary                      XML     13K 
 8: XML         XBRL Instance -- d14705d8k_htm                       XML     18K 
10: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 5: EX-101.DEF  XBRL Definitions -- len-20210226_def                 XML     40K 
 6: EX-101.LAB  XBRL Labels -- len-20210226_lab                      XML     66K 
 7: EX-101.PRE  XBRL Presentations -- len-20210226_pre               XML     42K 
 4: EX-101.SCH  XBRL Schema -- len-20210226                          XSD     15K 
12: JSON        XBRL Instance as JSON Data -- MetaLinks               14±    21K 
13: ZIP         XBRL Zipped Folder -- 0001193125-21-067743-xbrl      Zip     36K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX: 
  8-K  
 i LENNAR CORP /NEW/  i false  i 0000920760 0000920760 2021-02-26 2021-02-26 0000920760 us-gaap:CommonClassAMember 2021-02-26 2021-02-26 0000920760 us-gaap:CommonClassBMember 2021-02-26 2021-02-26

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM  i 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

 i February 26, 2021

Date of Report (Date of earliest event reported)

 

 

LENNAR CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

 i Delaware    i 1-11749    i 95-4337490

(State or other jurisdiction

of incorporation)

  (Commission
File Number)
 

(IRS Employer

Identification No.)

 i 700 Northwest 107th Avenue,  i Miami,  i Florida  i 33172

(Address of principal executive offices) (Zip Code)

 i (305)  i 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:

 

 i 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 i 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 i 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 i 

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

 i Class A Common Stock, par value $.10    i LEN    i New York Stock Exchange
 i Class B Common Stock, par value $.10    i LEN.B    i 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  i 

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.

(e) On February 26, 2021, the Compensation Committee (the “Committee”) of the Board of Directors of Lennar Corporation (the “Company”) approved 2021 award agreements under the Company’s 2016 Incentive Compensation Plan relating to incentive compensation for Stuart Miller, the Company’s Executive Chairman, Rick Beckwitt, the Company’s Co-Chief Executive Officer and Co-President, and a Director, Jonathan Jaffe, the Company’s Co-Chief Executive Officer and Co-President, and a Director, Diane Bessette, the Company’s Vice President, Chief Financial Officer and Treasurer, Jeff McCall, the Company’s Executive Vice President, and Mark Sustana, the Company’s Vice President, General Counsel and Secretary. The award agreements describe cash bonus opportunities based on the achievement of specified performance goals. Copies of the award agreements are filed as Exhibit 10.1 hereto.

In addition, on February 26, 2021, the Committee approved 2021 award agreements under the Company’s 2016 Equity Incentive Plan under which Mr. Miller, Mr. Beckwitt, Mr. Jaffe, Ms. Bessette and Mr. McCall were granted target awards of 78,097, 68,312, 68,312, 12,055 and 10,547 shares of Class A common stock, respectively, that are subject to performance-based vesting conditions, and 78,097, 68,312, 68,312, 12,055 and 10,547 shares of Class A common stock, respectively, that are subject to service-based vesting conditions. A copy of the form of award agreement is filed as Exhibit 10.2 hereto. In addition, Mr. Sustana was granted 14,345 shares of Class A common stock, one-third of which vest on each of February 14, 2022, February 14, 2023, and February 14, 2024. Mr. Sustana’s award agreement is in the form generally used under the 2016 Equity Incentive Plan.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

  

Description of Document

10.1    2021 Award Agreements under the Company’s 2016 Incentive Compensation Plan for Mr. Miller, Mr. Beckwitt, Mr. Jaffe, Ms. Bessette, Mr. McCall and Mr. Sustana.
10.2    Form of 2021 Award Agreement under the Company’s 2016 Equity Incentive Plan for Mr. Miller, Mr. Beckwitt, Mr. Jaffe, Ms. Bessette and Mr. McCall.
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: March 3, 2021     Lennar Corporation
    By:  

/s/ Diane Bessette

    Name:   Diane Bessette
    Title:   Vice President, Chief Financial Officer and Treasurer

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
2/14/24
2/14/23
2/14/22
Filed on:3/3/214
For Period end:2/26/214
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