Hello, and welcome to KB Home's 2021 Annual Meeting of Stockholders. Please note that today's meeting is being recorded. Hello, and welcome to KB Home's 2021 Annual Meeting of Stockholders. Please note that today's meeting is being recorded. During the meeting, you can submit questions about the meeting agenda items at any time by clicking on the message icon. In addition, if you have already voted, there is no need to vote again unless you wish to change your vote. It is now my pleasure to turn today's meeting over to Mr. Jeffrey Mezger, Chairman, President, and Chief Executive Officer of KB Home. Mr. Mezger, the floor is yours. Good morning, and welcome to KB Home's 2021 Annual Meeting of Stockholders. I'm Jeff Mezger, Chairman, President, and Chief Executive Officer of KB Home, and it is my pleasure to call the meeting to order. The meeting will be conducted under the posted rules of conduct so that we can have an orderly proceeding. I will start by identifying the other board members of the Board of Directors who are participating in the meeting: Art Collins, Founder and Managing Partner of theG roup; Dorene Dominguez, Chairwoman and Chief Executive Officer of the Vanir Group of Companies, Inc; Kevin Eltife, Founder and Owner of Eltife Properties; Tim Finchem, Board Chair of the First Tee and the former PGA TOUR Commissioner; Dr. Stuart Gabriel, Director of the Ziman Center for Real Estate at UCLA; and Professor of Finance and Arden Realty Chair at the UCLA Anderson School of Management. Dr. Tom Gilligan, Senior Fellow at the Hoover Institution at Stanford University, Robert Johnson, Founder and Chairman of The RLJ Companies, Jodee Kozlak, Founder and CEO of Kozlak Capital Partners, Melissa Lora, former President of Taco Bell International, James Weaver, CEO and Chairman of CW Interests, and Michael Wood, Founder and Chairman of Redwood Investments, LLC. I will also recognize Kenneth Jastrow, Director Emeritus, and thank him for his tremendous service to KB Home. We will now proceed with the official business of the meeting, and for that, I will turn the meeting over to Brian Woram, General Counsel. Thank you, Mr. Chairman, and good morning, everyone. This part of the meeting is being conducted according to the notice of meeting and proxy statement made available beginning on February 26, 2021, to all stockholders of record on February 5, 2021. As noted by our chairman, the meeting is being conducted under the rules of conduct that are posted to the meeting site. Among other matters, the rules cover how stockholders may ask an addressable question at the meeting. The minutes of the KB Home annual meeting of stockholders held on April 9, 2020, and a list of the stockholders of record who are entitled to vote at this meeting are available through Mr. Tony Richelieu, our corporate secretary. The stockholder list is also available on the meeting site during the meeting. Mr. Richelieu and Mr. Mark Kanno, Computershare, will act as inspectors of election. The inspectors have reported that the holders of significantly more than a majority of the outstanding capital stock of the company entitled to vote at this meeting are present in person or by proxy. On behalf of our chairman, I therefore declare that a quorum is present, that this meeting is duly constituted, and that the polls are open. Stockholders who have not voted or who wish to change a vote may do so now by clicking on the link provided online. Any stockholder who has already voted and does not want to change his or her vote need not take any further action. We will now proceed to the presentation of the items of business for this meeting that were included in the proxy statement and that are subject to stockholder vote. The first item of business is the election of 12 directors to serve on the KB Home Board. As set forth in the proxy statement, your board has nominated and recommends the election of the following 12 persons to serve for a one-year term: Mr. Arthur Collins, Ms. Dorene Dominguez, Mr. Kevin Eltife, Mr. Timothy Finchem, Dr. Stuart Gabriel, Dr. Thomas Gilligan, Mr. Robert Johnson, Ms. Jodeen Kozlak, Ms. Melissa Lora, Mr. Jeffrey Mezger, Mr. James Weaver, and Mr. Michael Wood. To be elected, each director nominee must receive more votes for the nominee than votes against the nominee. The second item of business is a non-binding advisory resolution to approve named executive officer compensation, as set forth in the proxy statement. This advisory resolution will be considered approved if a majority of eligible shares present or represented at the meeting are voted for approval. The third item of business is to ratify the appointment of Ernst & Young LLP as KB Home's independent registered public accounting firm for the current fiscal year ending November 30, 2021. This appointment of Ernst & Young LLP, a representative of which is participating in the meeting, will be considered ratified if a majority of eligible shares present or represented at the meeting are voted for ratification. The fourth item of business is to approve the Amended Rights Agreement. The Amended Rights Agreement will be considered approved if a majority of eligible shares present or represented at the meeting are voted for approval. I declare that polling for the matters presented at this meeting and online voting are now closed. The final results of the matters voted on at this meeting will be reported in an appropriate public filing within the applicable filing deadline. This completes the official business of the meeting. We will now address the pertinent questions we have received, if any. Having received no pertinent question, may I have a motion to conclude the meeting? So moved. Thank you. Is there a second? Second. Thank you. I declare the meeting concluded and thank all of our stockholders for attending. This concludes the meeting. You may now disconnect. Have a great day.