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A Killing horizon must be a null hypersurface whose normal is a Killing vector field. The outer stationary-limit surface instead has $s=r-r_e(\theta )=0$ and, in Boyer-Lindquist coordinates,On it, $r_e^2-2M{r}_e+a^2{\cos }^2\theta =0$, so $\Delta (r_e)=a^2{\sin }^2\theta >0$ away from the rotation axis. Its normal is spacelike and the surface timelike. Thus the Kerr stationary-limit surface is generically timelike and is not a Killing horizon, despite $K^2=0$ there. For example its stationary null vector is not normal, since $g(K,{\partial }_{\varphi })=-2Mar{\sin }^2\theta /\Sigma \ne 0$ away from the axis. The actual outer Killing horizon is $r=r_{+}=M+\sqrt{M^2-a^2}$, generated by $K+{\Omega }_H\Phi$, with Kerr horizon angular velocity ${\Omega }_H=a/(r_{+}^2+a^2)$. The two surfaces meet on the axis, which does not make the entire stationary-limit surface null.