Cheryl J. Henry Joins KB Home Board on October 10, 2024

On October 10, 2024, KB Home announced the election of Cheryl J. Henry to its Board of Directors. Ms. Henry, who has a robust background in the restaurant industry, previously served as the President, CEO, and Chairwoman of Ruth's Hospitality Group, which operates over 150 Ruth's Chris Steak House locations globally. Her extensive experience includes various senior roles, notably as Chief Operating Officer, and she has also held a position as Chief of Staff for the Mayor of Orlando. In addition to her role at KB Home, Ms. Henry is a board member of Cracker Barrel Old Country Store, Inc. Her appointment to the Board's Nominating and Corporate Governance Committee is expected to enhance the company's strategic direction. Jeffrey Mezger, the Chairman and CEO of KB Home, expressed enthusiasm about her joining the board, highlighting her executive-level experience and strong network in Florida, a key market for the company. Cheryl J. Henry's initial term on the board will conclude at KB Home's 2025 Annual Meeting of Stockholders, where she will stand for a stockholder vote. This strategic move is seen as a way to leverage her insights and operational expertise to drive the company's growth and governance. Overall, the addition of Ms. Henry to the board reflects KB Home's commitment to enhancing its leadership team with individuals who possess significant industry experience and a strong understanding of consumer dynamics.