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AI brief of an SEC Form 8-K · Weyerhaeuser (WY)

Weyerhaeuser appoints Richard Beckwitt, former Lennar CEO, to board of directors

Neutral Impact 2 of 5 leadership Written later

Weyerhaeuser named Richard Beckwitt, former CEO and president of Lennar Corporation, as a director effective November 14, 2025, expanding the board from ten to eleven members. On November 13, 2025, the company also gave each executive officer new severance and change of control agreements that replace the prior ones, with largely unchanged benefit amounts.

Key points

  • Beckwitt's appointment is effective November 14, 2025; he has not yet been assigned to a board committee.
  • His pro-rata director retainer is about $147,170, including about $58,868 in cash and $88,302 in restricted stock units, through the 2026 annual meeting.
  • The new executive agreements run about three years, expiring December 31, 2028, and the CEO's severance benefit is 2.0 times base salary and target bonus, with change of control benefits at 3.0 times.
  • Beckwitt previously served as Lennar's co-CEO and co-president from 2020 to 2023, and Lennar's 2024 revenues exceeded $35 billion.

The filing

CompanyWeyerhaeuser (WY)
Form8-K, current report
Filed with the SECNov 18, 2025, 5:19 PM ET
Accession number0001193125-25-286451

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.