KB Home (KBH) Proxy Filing summary

Executive summary

• Delivered nearly 14,200 homes in 2024, generating $7.0 billion in revenue, an 8% increase year-over-year, and a 20% rise in diluted EPS to $8.45.

• Reinvested over $2.8 billion in land acquisition and development, increasing lot position to 77,000 and supporting future community openings.

• Returned over $420 million to stockholders via share repurchases and a 25% increase in quarterly dividend.

• Achieved highest customer satisfaction in company history and reduced average build times by 28%.

• Reached milestones in sustainability, including building the 200,000th ENERGY STAR® certified home and achieving a HERS Index score of 45.

Voting matters and shareholder proposals

• Proposals include electing ten directors for one-year terms, an advisory vote on executive compensation, and ratification of Ernst & Young LLP as independent auditor.

• Board recommends voting FOR all proposals.

• Majority voting standard applies to all items.

Board of directors and corporate governance

• All directors except the CEO are independent; only independent directors serve on committees.

• Board held four meetings in 2024; all directors attended at least 75% of meetings.

• Lead Independent Director has significant oversight responsibilities.

• Directors are subject to retirement at 75 and stock ownership requirements.

• Board diversity: 30% women, 30% minority, average age 62, average tenure 7 years.