LOS ANGELES--(BUSINESS WIRE)--
KB Home (NYSE:KBH), one of the nation's largest and most recognized
homebuilders, today announced that on July 15 its board of directors
elected Robert "Bobby" Patton, Jr. to serve as a director of the
company. Mr. Patton was also appointed to the board's audit and
compliance committee and its nominating and corporate governance
committee.
"We are extremely pleased to welcome Bobby to the board of directors,"
said Jeffrey Mezger, director, president and chief executive officer.
"With his significant experience and recognized success in a wide range
of industries, we believe he will bring great perspective, expertise and
insight on financial, capital investment and operational matters as we
move forward in executing on our strategic growth objectives."
Mr. Patton, 52, is a partner of Guggenheim Baseball Management LLC. He
became part owner of the Los Angeles Dodgers on May 1, 2012. Mr. Patton
principally operates oil and gas properties in Texas and Kansas and has
additional investments in many other sectors, including ranching,
insurance and construction. He serves on the board of Security Benefit
Corporation and the Advisory Council of the University of Texas, College
of Liberal Arts. Mr. Patton received a B.B.A. from the University of
Texas as well as a J.D. from St. Mary's University and an LL.M. from
Southern Methodist University.
About KB Home
KB Home is one of the largest and most recognized homebuilding companies
in the United States. Since its founding in 1957, the company has built
more than half a million quality homes. KB Home's unique homebuilding
approach lets each buyer customize their new home from lot location to
floor plan and design features. As a leader in utilizing
state-of-the-art sustainable building practices, all KB homes are highly
energy efficient and meet strict ENERGY STAR® guidelines. This helps to
lower monthly utility costs for homeowners, which the company
demonstrates with its proprietary KB Home Energy Performance Guide®
(EPG®). KB Home has been named an ENERGY STAR Partner of the Year
Sustained Excellence Award winner for five straight years and a
WaterSense® Partner of the Year for four consecutive years. A FORTUNE
1,000 company, Los Angeles-based KB Home was the first homebuilder
listed on the New York Stock Exchange, and trades under the ticker
symbol "KBH." For more information about KB Home, call 888-KB-HOMES,
visit www.kbhome.com,
or connect with KB Home on Facebook.com/KBHome
and Twitter.com/KBHome.
Certain matters discussed in this press release, including any
statements that are predictive in nature or concern future market or
economic conditions, our business, prospects, future financial or
operating performance, or our future actions and their expected results
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
based on current expectations and projections about future events and
are not guarantees of future performance. We do not have a specific
policy or intent of updating or revising forward-looking statements.
Actual events and results may differ materially from those expressed or
forecasted in forward-looking statements due to a number of factors,
including general economic, employment and business conditions; our
ability to successfully implement our current and planned strategic
growth initiatives; and other events outside of our control. Please see
our periodic reports and other filings with the Securities and Exchange
Commission for a further discussion of these and other risks and
uncertainties applicable to our business.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150716006629/en/
KB Home
Katoiya Marshall
310-893-7446
kmarshall@kbhome.com
Source: KB Home
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