Century Communities, Inc. filed a Form 8-K on November 9, 2026, disclosing that its Board of Directors elected James Francescon as President of the company, effective January 1, 2027, as part of a succession planning action taken on November 4, 2026.

Key Highlights

  • New President elected: James Francescon, age 37, was elected President of Century Communities, effective January 1, 2027, succeeding Robert J. Francescon in that role.
  • CEO role unchanged: Robert J. Francescon will continue as Chief Executive Officer and will become the company's sole principal executive officer as of January 1, 2027.
  • Base salary: James Francescon will receive an annual base salary of $750,000 effective January 1, 2027.
  • Bonus target: His target annual bonus opportunity is equal to at least 200% of his annual base salary.
  • RSU grant: A promotional RSU award covering 35,008 shares of common stock was granted effective November 4, 2026, vesting in three equal annual installments from the date of grant.
  • Employment term: The employment agreement has an initial five-year term with automatic one-year extensions thereafter.
  • Family relationship: James Francescon is the son of Robert J. Francescon and the nephew of Dale Francescon, the company's Executive Chairman.

Century Communities Board Approves Succession Plan, Compensation Terms for Incoming President

According to the filing, the Board of Directors of Century Communities, Inc. (NYSE:CCS) acted on November 4, 2026, as part of its succession planning efforts, to elect James Francescon as President, with the transition taking effect on January 1, 2027. At that point, the filing states, Robert J. Francescon will step down from the President title but remain Chief Executive Officer and will become the company's sole principal executive officer, replacing the prior arrangement under which both Robert J. Francescon and Dale Francescon, the Executive Chairman, served as co-principal executive officers.

The filing describes James Francescon as having been with the company for over seven years. He currently holds the title of Executive Vice President, Corporate Operations, a role he has held since November 2023. He also served as President, Century Living, from September 2021 to December 2024, and as Corporate Vice President from April 2019 to September 2021. Before joining Century Communities, the filing states he worked in private equity at GoldPoint Partners, a subsidiary of New York Life Investments, and in investment banking at J.P. Morgan Securities LLC. He holds a Bachelor of Science in Business Administration and a Master of Science in Finance from the University of Denver.

The Compensation Committee approved an employment agreement providing James Francescon with an annual base salary of $750,000, a target annual bonus of at least 200% of base salary, eligibility for equity awards, reimbursement of term life insurance premiums, and an automobile and cell phone allowance, along with certain severance protections. The filing also discloses an RSU award of 35,008 shares granted November 4, 2026, under the Century Communities, Inc. 2022 Omnibus Incentive Plan, vesting in three equal annual installments conditioned on continued employment or service. An aircraft time sharing agreement governing personal use of company aircraft was also approved in connection with the promotion.

What Was Disclosed

Century Communities disclosed the election of James Francescon as President effective January 1, 2027, along with his compensation terms including a $750,000 base salary, a bonus target of at least 200% of base salary, and an RSU award of 35,008 shares granted November 4, 2026.