40 unchanged sentences
(c) Changes in Internal Control Over Financial Reporting
−Removed: There have been no changes in our internal control over financial reporting during the quarter ended November 30, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: As discussed above under Item 1A.
+Added: Risk Factors in this report, we have invested significant resources over the past few years to develop and implement a new custom ERP system designed to improve the efficiency of our internal operational and administrative activities.
+Added: While the new ERP system has become an increasing component of our business as more of our operating divisions transition to it, the related internal control over financial reporting has been designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes.
+Added: Accordingly, we continue to rely upon a combination of our existing and new ERP systems for financial statement reporting purposes.
+Added: Other than the new ERP system implementation, there have been no changes in our internal control over financial reporting during the quarter ended November 30, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
OTHER INFORMATION
1 unchanged sentence
The information for this item for executive officers is provided above in the Executive Officers of the Registrant section in this report.
−Removed: Except as stated below, the other information for this item will be provided to the extent applicable in the “Corporate Governance and Board Matters,” “Election of Directors,” “Ownership of KB Home Securities” and “Annual Meeting, Voting and Other Information” sections in our Proxy Statement for our 2021 Annual Meeting of Stockholders (“2021 Proxy Statement”) and is incorporated herein by this reference.
+Added: Except as stated below, the other information for this item will be provided to the extent applicable in the “Corporate Governance and Board Matters,” “Election of Directors,” “Ownership of KB Home Securities” and “Annual Meeting, Voting and Other Information” sections in our 2022 Proxy Statement and is incorporated herein by this reference.
Ethics Policy
49 unchanged sentences
001-09195), is incorporated by reference herein.
−Removed: 3.2† Amended and Restated By-Laws of KB Home, as amended.
+Added: 3.2 Amended and Restated By-Laws of KB Home, as amended , filed as an exhibit to our 2020 Annual Report on Form 10-K (File No.
+Added: 001-09195), is incorporated by reference herein.
4.1 Indenture relating to our Senior Notes among us, the Guarantors party thereto and Sun Trust Bank, Atlanta, dated January 28, 2004, filed as an exhibit to our Registration Statement No.
13 unchanged sentences
001-09195), is incorporated by reference herein.
−Removed: 4.8 Specimen of 7.00% Senior Notes due 2021, filed as an exhibit to our Current Report on Form 8-K dated October 29, 2013 (File No.
−Removed: 001-09195), is incorporated by reference herein.
−Removed: 4.9 Form of officers’ certificates and guarantors’ certificates establishing the terms of the 7.00% Senior Notes due 2021, filed as an exhibit to our Current Report on Form 8-K dated October 29, 2013 (File No.
−Removed: 001-09195), is incorporated by reference herein.
4.8 Ninth Supplemental Indenture, dated as of February 28, 2014, by and among us, the Guarantors party thereto, the Additional Guarantors named therein and U.S.
6 unchanged sentences
001-09195), is incorporated by reference herein.
−Removed: 4.13 Amended and Restated Rights Agreement, dated effective as of April 12, 2018, by and between KB Home and Computershare, Inc., as Rights Agent, filed as Exhibit 4.1 to our Amended Registration Statement on Form 8-A/A dated April 13, 2018 (File No.
−Removed: 001-09195), is incorporated by reference herein .
4.11 Tenth Supplemental Indenture, dated as of January 22, 2019, by and among us, the Guarantors party thereto, the Additional Guarantors named therein and U.S.
13 unchanged sentences
001-09195), is incorporated by reference herein.
+Added: 4.18 Form of 4.00% Senior Notes due 2031, filed as an exhibit to our Current Report on Form 8-K dated June 9, 2021 (File No.
+Added: 001-09195), is incorporated by reference herein.
+Added: 4.19 Form of officers' certificate and guarantors' certificates establishing the form and terms of the 4.00% Senior Notes due 2031, filed as an exhibit to our Current Report on Form 8-K dated June 9, 2021 (File No.
+Added: 001-09195), is incorporated by reference herein.
4.20 Description of KB Home Common Stock Registered Under Section 12 of the Securities Exchange Act of 1934, filed as an exhibit to our 2019 Annual Report on Form 10-K (File No.
001-09195), is incorporated by reference herein..
+Added: 4.21 Amended Rights Agreement, effective as of April 8, 2021, made by and between KB Home and Computershare Inc., as Rights Agent, filed as Exhibit 4.1 to our Amended Registration Statement on Form 8-A/A dated April 13, 2021 (File No.
+Added: 01-9195), is incorporated by reference herein.
10.1 KB Home Directors’ Legacy Program, as amended January 1, 1999, filed as an exhibit to our 1998 Annual Report on Form 10-K (File No.
60 unchanged sentences
001-09195), is incorporated by reference herein .
−Removed: 10.30† Second Amendment to the KB Home Nonqualified Deferred Compensation Plan, effective December 1, 2020.
−Removed: 10.31† Third Amendment to Trust Agreement by and between KB Home and Wells Fargo Bank, N.A., as Trustee, dated January 1, 2021.
+Added: 10.30 Second Amendment to the KB Home Nonqualified Deferred Compensation Plan, effective December 1, 2020, filed as an exhibit to our 2020 Annual Report on Form 10-K (File No.
+Added: 001-09195), is incorporated by reference herein.
+Added: 10.31 Third Amendment to Trust Agreement by and between KB Home and Wells Fargo Bank, N.A., as Trustee, dated January 1, 2021, filed as an exhibit to our 2020 Annual Report on Form 10-K (File No.
+Added: 001-09195), is incorporated by reference herein.
+Added: 10.32† Fourth Amendment to Trust Agreement by and between KB Home and Wells Fargo Bank, N.A., as Trustee, dated January 11, 2022.
21† Subsidiaries of the Registrant .
53 unchanged sentences
Director January 21, 2022
+Added: / S / JODEEN A.
+Added: Director January 21, 2022
/ S / MELISSA LORA
Director January 21, 2022
−Removed: / S / JAMES C.
+Added: / S / BRIAN R.
Director January 21, 2022
−Removed: / S / MICHAEL M.
+Added: / S / JAMES C.
Director January 21, 2022
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.