D.R. Horton Reports Officer Comp, Shareholder Vote Matters

Ticker: DHI · Form: 8-K · Filed: 2024-01-18T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, shareholder-vote

TL;DR

**D.R. Horton just filed an 8-K about executive pay and shareholder votes, signaling potential governance shifts.**

AI Summary

D.R. Horton, Inc. filed an 8-K on January 18, 2024, reporting events from January 17, 2024, concerning changes in director or officer compensation and the submission of matters to a security holder vote. This filing is important for investors because it signals potential shifts in executive incentives or corporate governance, which could influence the company's strategic direction and ultimately impact stock performance.

Why It Matters

Changes in executive compensation can align management's interests with shareholders, while shareholder votes indicate key corporate decisions are being made, both impacting future company performance.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of corporate governance matters and does not indicate immediate financial distress or significant operational changes.

Analyst Insight

A smart investor would monitor D.R. Horton's upcoming proxy statements for specific details on the compensatory arrangements and the outcomes of the security holder vote to understand their potential impact on company strategy and executive incentives.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What specific items were reported in this 8-K filing by D.R. Horton, Inc.?

The 8-K filing by D.R. Horton, Inc. reported 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Submission of Matters to a Vote of Security Holders', as well as 'Financial Statements and Exhibits'.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 17, 2024, as stated in the 'Date of Report (Date of earliest event reported): January 17, 2024' section.

What is the trading symbol and exchange for D.R. Horton, Inc.'s Common Stock?

D.R. Horton, Inc.'s Common Stock trades under the symbol 'DHI' on the New York Stock Exchange, as indicated in the 'Securities registered pursuant to Section 12(b) of the Act' table.

What is D.R. Horton, Inc.'s state of incorporation and business address?

D.R. Horton, Inc. is incorporated in Delaware and its business address is 1341 Horton Circle, Arlington, Texas 76011, according to the filing.

Does D.R. Horton, Inc. identify as an emerging growth company in this filing?

No, D.R. Horton, Inc. does not indicate that it is an emerging growth company, as the checkbox for 'emerging growth company' is not marked in the filing.

Filing Stats: 1,008 words · 4 min read · ~3 pages · Grade level 8.7 · Accepted 2024-01-18 17:30:06

Filing Documents

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. On January 17, 2024, D.R. Horton, Inc. held its Annual Meeting of Stockholders . At the Annual Meeting, stockholders considered: (1) the election of eight director nominees named in the Company's proxy statement, (2) an advisory vote on the approval of executive compensation, (3) an advisory vote on the frequency of future advisory votes on executive compensation, (4) approval of the D.R. Horton, Inc. 2024 Stock Incentive Plan and (5) the ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for fiscal 2024. There were 332,999,691 shares of Common Stock eligible to be voted at this meeting and there were 304,146,781 shares of Common Stock represented in person or by proxy. The Annual Meeting voting results of the five listed matters were as follows: (1). Proposal One: Election of Directors . Stockholders elected each of the following nominees as a director to hold office until the 2025 Annual Meeting and until his or her successor is duly elected and qualified based on the following votes. Nominee For Against Abstain Broker Non-Votes Donald R. Horton 251,847,479 36,374,874 93,178 15,831,250 Barbara K. Allen 266,326,537 20,831,878 1,157,116 15,831,250 Brad S. Anderson 277,497,133 10,712,956 105,442 15,831,250 David V. Auld 268,828,947 19,381,633 104,951 15,831,250 Michael R. Buchanan 267,194,431 21,013,897 107,203 15,831,250 Benjamin S. Carson, Sr. 247,751,067 40,456,289 108,175 15,831,250 Maribess L. Miller 285,405,841 2,809,454 100,236 15,831,250 Paul J. Romanowski 280,781,312 7,429,525 104,694 15,831,250 (2). Proposal Two: Advisory Vote on the Approval of Executive Compensation . Stockholders approved the Company's executive compensation based on the following votes. For Against Abstain Broker Non-Votes 256,237,053 31,901,467 177,011 15,831,250 (3). Proposal Three: Advisory Vote on the Frequency of Future Advisory Votes

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 D.R. Horton, Inc. 2024 Stock Incentive Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document contained in Exhibit 101). 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. D.R. Horton, Inc. Date: January 18, 2024 By: /s/ T HOMAS B. M ONTAO Thomas B. Montao Senior Vice President and Corporate Secretary 4

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