Company: LEN
Filing Date: 2025-02-07
Form Type: 8-K
Source: 0001193125-25-022309
Chunk: 1

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-07
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01. Other Events.

On February 7, 2025, Lennar completed the previously announced taxable spin-offof Millrose through the distribution of approximately 80% of the outstanding shares of Millrose Class A and Class B common stock to holders of Lennar Class A and/or Class B common stock (the “ Distribution”) as of the close of business on January 21, 2025 (the “ Record Date”).

The Distribution was completed as of 8:30 a. m., Eastern Time, on February 7, 2025. As a result of the Distribution, Millrose is now an independent public company and its Class A common stock is listed under the symbol “ MRP” on the New York Stock Exchange. Millrose Class B common stock will not be listed. Lennar stockholders of record as of the Record Date received one share of Millrose Class A common stock, unless they elected to receive Class B common stock, for every two shares of Lennar Class A or Class B common stock held as of such date, subject to the payment of cash in lieu of fractional shares of Millrose Class A common stock. Fractional shares of Millrose Class B common stock will be rounded down.

As a result of the Distribution and the elections made by Lennar stockholders in connection with the Distribution, there are currently 120,980,401 shares of Millrose Class A common stock and 11,819,811 shares of Millrose Class B common stock distributed to Lennar stockholders (representing approximately 80% of the total outstanding shares of Millrose common stock). Lennar will temporarily retain and not vote approximately 33,200,053 shares of Class A common stock of Millrose (representing approximately 20% of the total outstanding shares of Millrose common stock), which Lennar expects to dispose of through a subsequent spin-off, split-off, public offering, private sale or any combination of these potential transactions. As of the date of the Distribution, there are 154,180,454 total outstanding shares of Millrose Class A common stock and 11,819,811 total outstanding shares of Millrose Class B common stock (166,000,265 total shares outstanding in the aggregate).

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed as part of this Current Report on Form8-K.

  Exhibit      Description of Document                                                                                  
      No.