Forestar Group Inc. Elects New Directors, Updates Executive Compensation

TL;DR

Forestar adds 2 directors, updates exec pay. Board shakeup incoming?

AI Summary

Forestar Group Inc. announced on April 14, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael J. McLellan and David M. Miller, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its named executive officers, including compensation details.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant operational risks.

Key Players & Entities

• Forestar Group Inc. (company) — Registrant
• Michael J. McLellan (person) — Newly elected director
• David M. Miller (person) — Newly elected director
• April 14, 2025 (date) — Date of earliest event reported

FAQ

From the Filing

0001406587-25-000059.txt : 20250415 0001406587-25-000059.hdr.sgml : 20250415 20250415160900 ACCESSION NUMBER: 0001406587-25-000059 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250414 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250415 DATE AS OF CHANGE: 20250415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Forestar Group Inc. CENTRAL INDEX KEY: 0001406587 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 261336998 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33662 FILM NUMBER: 25839588 BUSINESS ADDRESS: STREET 1: 2221 E. LAMAR BLVD. STREET 2: SUITE 790 CITY: ARLINGTON STATE: TX ZIP: 76006 BUSINESS PHONE: 817-769-1860 MAIL ADDRESS: STREET 1: 2221 E. LAMAR BLVD. STREET 2: SUITE 790 CITY: ARLINGTON STATE: TX ZIP: 76006 FORMER COMPANY: FORMER CONFORMED NAME: Forestar Real Estate Group Inc. DATE OF NAME CHANGE: 20071101 FORMER COMPANY: FORMER CONFORMED NAME: Forestar Real Estate Group LLC DATE OF NAME CHANGE: 20070713 8-K 1 for-20250414.htm 8-K for-20250414 0001406587 FALSE 0001406587 2025-04-14 2025-04-14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   ______________________________ FORM 8-K   ______________________________ Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 14, 2025   ______________________________ Forestar Group Inc. (Exact name of registrant as specified in its charter) Delaware 001-33662 26-1336998 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 2221 E. Lamar Blvd. , Suite 790 , Arlington , Texas 76006 (Address of principal executive offices) ( 817 )  769-1860 (Registrant’s telephone number, including area code)   ______________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, par value $1.00 per share FOR New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 14, 2025, the Company’s Board of Directors (the “Board”) appointed Anthony W. Oxley, the Company’s President and Chief Executive Officer, to serve as a director on the Board. Mr. Oxley’s appointment expands the size of the Board from six to seven directors, five of whom are independent directors. Mr. Oxley, age 61, is President and Chief Executive Officer