Robert “Bobby” Patton, Jr. Joins KB Home Board of Directors
July 16 2015 - 6:44PM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150716006629/en/
KB HomeKatoiya Marshall310-893-7446kmarshall@kbhome.com
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