Company: LEN
Filing Date: 2025-11-14
Form Type: 8-K
Source: 0001628280-25-052423
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Company: LENNAR CORP /NEW/
Filing Date: 2025-11-14
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 12, 2025, Jonathan M. Jaffe, who joined Lennar Corporation (the “ Company”) in 1983 and who has served as Co-Chief Executive Officer and President of the Company since September 2023, notified the Board of Directors (the “ Board”) of the Company of his decision to retire as Co-Chief Executive Officer and President of the Company and accordingly, to resign as a director of the Board of the Company, in each case, effective as of December 31, 2025. The Company does not intend to seek a replacement for Mr. Jaffe’s position at this time. In connection with Mr. Jaffe’s resignation as a director on the Board, the Board intends to reduce its size from ten members to nine members, effective as of December 31, 2025.

Stuart Miller, currently the Executive Chairman and a Co-Chief Executive Officer of the Company, will continue as the Company’s Executive Chairman and Chief Executive Officer following Mr. Jaffe’s retirement.