8-K

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

Date of Report (Date of earliest event reported): May 25, 2010

KB HOME

(Exact name of registrant as specified in its charter)

Delaware	1-9195	95-3666267
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

10990 Wilshire Boulevard, Los Angeles, California	90024
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (310) 231-4000

Not Applicable
(Former name or former address if changed since last report.)

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:

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

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

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

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

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

On May 25, 2010, the Company announced the appointment of Jeff Kaminski, 48, as Executive Vice President and Chief Financial Officer. Mr. Kaminski will begin his duties on or about June 7, 2010.

From 2008 to 2010, Mr. Kaminski served as Senior Vice President and Chief Financial Officer of Federal-Mogul Corporation, a global supplier of component parts to original equipment manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as the worldwide aftermarket. From 2005 to 2008, he served as Federal-Mogul’s Senior Vice President, Global Purchasing, and from 2003 to 2005 as its Vice President, Global Supply Chain Management.

Mr. Kaminski will be entitled to the following compensatory arrangements, subject to the approval of the Management Development and Compensation Committee of the Company’s Board of Directors:

• an initial base salary of $550,000 per year;

• the right to participate in the Company’s Annual Incentive Plan for Executive Officers for fiscal year 2010 (with a target opportunity prorated to 60% of his annual base salary) and fiscal year 2011 (with a target opportunity equal to 100% of his annual base salary);

• eligibility for participation in the Company’s long term incentive program, with a recommended initial grant of equity-based awards valued at $300,000, and a recommended annual grant (to be made with annual grants to other employees later in the year) valued at $800,000;

• reimbursement of relocation expenses pursuant to the Company’s relocation policy, and up to $5,000 per month for temporary housing for up to six months;

• eligibility for participation in the Company’s executive benefits and life insurance programs;

• eligibility for participation in the Company’s Deferred Compensation Plan and 401(k) Savings Plan; and

• eligibility for participation in the Company’s Change in Control Severance Plan and, after one year of employment, in the Company’s Executive Severance Plan.

For descriptions and copies of the plans and policies referenced above, please refer to the Company’s most recent annual report on Form 10-K and its most recent proxy statement.

Effective on Mr. Kaminski’s start date, William R. Hollinger, the Company’s Senior Vice President and Chief Accounting Officer, will no longer serve as the Company’s principal financial officer, but he will continue to serve as the Company’s principal accounting officer.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1 Press Release dated May 25, 2010.

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SIGNATURE

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: May 25, 2010

KB Home
By:	/s/ Wendy C. Shiba
	Wendy C. Shiba
	Executive Vice President, General Counsel and Secretary

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated May 25, 2010.

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE	For more information contact:
	Heather Reeves, Media Contact
	310-231-4142 or hreeves-x@kbhome.com
	Kelly Masuda, Investor Contact
	310-893-7434 or kmasuda@kbhome.com

KB HOME NAMES JEFF KAMINSKI CHIEF FINANCIAL OFFICER

LOS ANGELES (May 25, 2010) — KB Home (NYSE: KBH), one of America’s premier homebuilders, today announced that Jeff Kaminski has been named executive vice president and chief financial officer effective June 7, 2010.

“It is my pleasure to welcome Jeff Kaminski to the KB Home team,” said Jeffrey T. Mezger, president and chief executive officer of KB Home. “Jeff brings with him a broad background in key financial disciplines and extensive leadership experience in a leading public company. I am confident Jeff will make a substantial contribution to KB Home as we continue to execute our KBnxt Built to Order™ business model and position the Company for growth in the years ahead.”

Prior to joining KB Home, Kaminski, 48, was senior vice president, chief financial officer and a member of the Strategy Board of Federal-Mogul Corporation (NASDAQ: FDML), a leading global supplier of automotive powertrain and safety technologies to original equipment manufacturers and the worldwide aftermarket headquartered in Southfield, Michigan. During his more than 20-year career at Federal-Mogul, a Fortune 500 company, Kaminski served in a variety of financial and operational leadership positions, including senior vice president of global purchasing, vice president of global supply chain management, vice president of finance for global powertrain systems, managing director of the Company’s aftermarket subsidiary in Australia, and international controller for the aftermarket group.

Kaminski began his career in public accounting at Deloitte & Touche LLP. He earned a bachelor’s degree in business administration from the University of Michigan and a master’s degree in business administration from Wayne State University.

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About KB Home

KB Home, one of the nation’s premier homebuilders, has delivered over half a million quality homes for families since its founding in 1957. The Los Angeles-based company is distinguished by its Built to Order™ homebuilding approach that puts a custom home experience within reach of its customers at an affordable price. KB Home’s award-winning home designs and communities meet the needs of first-time, move-up and active adult homebuyers. KB Home was named to FORTUNE^® magazine’s 2010 list of the World’s Most Admired Companies for the sixth consecutive year, and ranked #1 for “Innovation” among homebuilders. The Company trades under the ticker symbol “KBH” and was the first homebuilder listed on the New York Stock Exchange. For more information about any of KB Home’s new home communities, call 888-KB-HOMES or visit www.kbhome.com.

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