BHE adds ex-Cree CEO Charles Swoboda to Board 鈥� 8-K Filing

Q: Who was appointed to Benchmark Electronics' (BHE) board on 4 Aug 2025?

The company appointed Charles Swoboda , former CEO & Chairman of Cree (Wolfspeed).

Q: What compensation will the new BHE director receive?

Swoboda will receive a $70,000 cash retainer plus prorated RSUs worth $170,000 that vest 13 May 2026.

Q: Does the 8-K disclose any financial results or M&A activity?

No, the filing is limited to the board appointment; it contains no earnings, guidance, or transaction data .

Q: When will Charles Swoboda's initial RSU grant vest?

The prorated RSU grant is scheduled to vest on 13 May 2026 .

Q: Where can investors find the related press release?

It is filed as Exhibit 99.1 to this 8-K and dated 4 Aug 2025.

[8-K] Lennar Corporation Reports Material Event

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Benchmark Electronics (NYSE: BHE) filed an 8-K announcing the appointment of Charles Swoboda as an independent director effective 4 Aug 2025. Swoboda is best known for leading Cree (now Wolfspeed) as CEO (2001-2017) and Chairman (2002-2017), bringing >20 yrs of semiconductor & LED industry experience. He also serves on Ryder System鈥檚 board and is Innovator-in-Residence at Marquette University.

Under the company鈥檚 2025 non-employee director program, Swoboda will receive:

$70,000 annual cash retainer
$10,000 Audit & Human Capital/Compensation Committee retainers or $7,500 for Nominating/Sustainability/Governance participation
Annual RSU grant valued at $170,000

All amounts will be prorated from his start date; the initial RSUs vest on 13 May 2026.

An accompanying press release (Ex. 99.1) was issued the same day. No other material events, financial data, or strategic transactions were disclosed.

Positive

Adds high-profile industry leader with proven track record scaling Cree/Wolfspeed, which may bolster BHE鈥檚 strategic planning and investor confidence.

Negative

None.

Insights

TL;DR: Seasoned tech executive joins BHE board; governance strengthened, financial impact immaterial.

Swoboda鈥檚 two-decade leadership of Cree should enhance BHE鈥檚 strategic insight in high-reliability electronics and power semiconductors. His prior public-company board experience aligns with NYSE best-practice independence standards, potentially improving oversight of capital allocation and R&D. Compensation is standard and non-dilutive (prorated RSUs <0.1% of shares). From a governance perspective this is a modest positive, but it is unlikely to move near-term financial metrics.

08/04/2025 - 04:31 PM

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

July 30, 2025

Date of Report (Date of earliest event reported)

LENNAR CORPORATION

(Exact name of registrant as specified in its charter)


Delaware	1-11749	95-4337490
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5505 Waterford District Drive, Miami, Florida 33126

(Address of principal executive offices) (Zip Code)

(305) 559-4000

(Registrant’s telephone number, including area code)

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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $.10	LEN	New York Stock Exchange
Class B Common Stock, par value $.10	LEN.B	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 30, 2025, Fred Rothman, the Chief Operating Officer of Lennar Corporation (the “Company”), notified the Company of his decision to retire effective September 2, 2025. Mr. Rothman joined the Company in 2006 and has served as the Company’s Chief Operating Officer since January 2019.

Additionally, on August 1, 2025, Mark Sustana, the Vice President, General Counsel and Secretary of the Company, notified the Company of his decision to retire effective September 2, 2025. Mr. Sustana has served as Vice President since April 2018 and as the Company’s Secretary and General Counsel since March 2005.

In connection with Mr. Sustana’s retirement, on August 1, 2025, the Company and Mr. Sustana entered into a Consulting Agreement (the “Consulting Agreement”). The Consulting Agreement shall be for an initial two year term beginning on September 3, 2025 (the “Term”). The Term may be extended by mutual agreement of the parties (the “Additional Term”). Pursuant to the Consulting Agreement, Mr. Sustana will provide advice and counsel from time to time as an independent contractor with respect to the business and legal affairs of the Company for which he was responsible during his tenure with the Company. In exchange for these services, the Company will pay Mr. Sustana a consulting fee at the rate of $110,000 per month during the Term and $50,000 per month during any Additional Term. The Consulting Agreement contains customary provisions relating to non-competition, treatment of confidential information and indemnification.

The foregoing summary of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference in its entirety into this Item 5.02.

Item 7.01. Regulation FD Disclosure.

A copy of the press release announcing Mr. Rothman’s and Mr. Sustana’s retirement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 7.01.

Item 8.01. Other Events.

In connection with the matters described in Item 5.02 herein, Katherine Lee Martin will assume the position of the Company’s Chief Legal Officer and Corporate Secretary, effective September 2, 2025.

Ms. Martin most recently served as Executive Vice President, General Counsel, and Corporate Secretary for Hertz Global Holdings, Inc. (“Hertz”) after joining Hertz in May 2023. Previously, she held various leadership positions at X Corp. and Twitter, where she oversaw the company’s global portfolio of highly complex litigation, regulatory and competition matters. Before joining Twitter, Ms. Martin spent more than a decade as an Assistant U.S. Attorney at the U.S. Department of Justice.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed or furnished, as specified in Item 5.02 and Item 7.01 above, respectively, as part of this Current Report on Form 8-K.


Exhibit No.			Description of Document

10.1			Consulting Agreement, effective as of September 3, 2025, between the Company and Mark Sustana.
99.1			Press Release issued by Lennar Corporation on August 4, 2025.
104			Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: August 4, 2025	Lennar Corporation

	By:	/s/ Diane Bessette
	Name:	Diane Bessette
	Title:	Vice President and Chief Financial Officer

Source:

FAQ

Who was appointed to Benchmark Electronics' (BHE) board on 4 Aug 2025?

The company appointed Charles Swoboda, former CEO & Chairman of Cree (Wolfspeed).

What compensation will the new BHE director receive?

Swoboda will receive a $70,000 cash retainer plus prorated RSUs worth $170,000 that vest 13 May 2026.

Does the 8-K disclose any financial results or M&A activity?

No, the filing is limited to the board appointment; it contains no earnings, guidance, or transaction data.

When will Charles Swoboda's initial RSU grant vest?

The prorated RSU grant is scheduled to vest on 13 May 2026.

Where can investors find the related press release?

It is filed as Exhibit 99.1 to this 8-K and dated 4 Aug 2025.

AG真人官方

[8-K] Lennar Corporation Reports Material Event

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FAQ

Who was appointed to Benchmark Electronics' (BHE) board on 4 Aug 2025?

What compensation will the new BHE director receive?

Does the 8-K disclose any financial results or M&A activity?

When will Charles Swoboda's initial RSU grant vest?

Where can investors find the related press release?

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[8-K] Lennar Corporation Reports Material Event

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Corporate Governance Analyst positive

FAQ

Who was appointed to Benchmark Electronics' (BHE) board on 4 Aug 2025?

What compensation will the new BHE director receive?

Does the 8-K disclose any financial results or M&A activity?

When will Charles Swoboda's initial RSU grant vest?

Where can investors find the related press release?

NYSE:LEN

LEN Rankings

LEN Latest News

LEN Latest SEC Filings

LEN Stock Data