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
Date of Report: June 26, 2007
(Date of earliest event reported)
KB HOME
(Exact name of registrant as specified in charter)
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Delaware
(State or other jurisdiction of
incorporation)
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1-9195
(Commission File Number)
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95-3666267
(IRS Employer Identification No.) |
10990 Wilshire Boulevard, Los Angeles, California 90024
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (310) 231-4000
Not Applicable
(Former name or former address, if changed since last report)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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| Item 5.02(b) |
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Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Robert Freed, Senior Vice President, Investment Strategy, resigned his position with KB Home,
effective June 29, 2007.
On June 26, 2007, KB Home announced that it is calling for the redemption on July 27, 2007 of
all of its outstanding 91/2% Senior Subordinated Notes due 2011 (the “2011 Notes”). The redemption
will be made pursuant to that certain Senior Subordinated Debt Indenture dated as of November 19,
1996, as amended and supplemented by that certain First Supplemental Indenture dated as of December
18, 2003, and that certain Second Supplemental Indenture dated as of May 1, 2006, by and among KB
Home, the guarantors party thereto and U.S. Bank National Association (successor trustee to
SunTrust Bank), and the Officers’ Certificate establishing the terms of the 2011 Notes. The
aggregate principal amount of 2011 Notes to be redeemed is $250 million. The 2011 Notes will be
redeemed at a price equal to $1,031.67 per $1,000 principal amount, plus all accrued interest to
the date of redemption. The 2011 Notes are traded on the New York Stock Exchange under the symbol
KBH11 (CUSIP 48666KAD1). A copy of the press release announcing the redemption is filed herewith
as Exhibit 99.1
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| Item 9.01 |
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Financial Statements and Exhibits |
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99.1 |
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Press Release dated June 26, 2007 |
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