AI English summary of an SEC filing — figures as filed
The company said Donald R. Horton, its founder and Chairman of the Board, died the day before, on May 17, 2024. The company described his passing as sudden and said he was 74 years old.
Key points
AI summaryThe company said Donald R. Horton, its founder and Chairman of the Board, died the day before, on May 17, 2024. The company described his passing as sudden and said he was 74 years old.
The company said its Board appointed David V. Auld, its Executive Vice Chairman, as Executive Chairman on May 16, 2024, effective immediately.
The company said Donald R. Horton served as Chairman since the company was formed in July 1991, and as President and CEO from July 1991 to November 1998. It also said he had been involved in the real estate and homebuilding industries since 1972.
The company said it has been the largest homebuilder by volume in the United States since 2002 and operates in 33 states and 119 markets. For the twelve-month period ended March 31, 2024, it said it closed 87,801 homes, 6,248 single-family rental homes and 2,536 multi-family rental units.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Founder and Chairman Donald R. Horton Dies
The company said Donald R. Horton, its founder and Chairman of the Board, died the day before, on May 17, 2024. The company described his passing as sudden and said he was 74 years old.
Source · Based on the filing body and exhibits
David V. Auld Named Executive Chairman
The company said its Board appointed David V. Auld, its Executive Vice Chairman, as Executive Chairman on May 16, 2024, effective immediately.
Source · Based on the filing body and exhibits
Donald R. Horton's Career and Positions
The company said Donald R. Horton served as Chairman since the company was formed in July 1991, and as President and CEO from July 1991 to November 1998. It also said he had been involved in the real estate and homebuilding industries since 1972.
Source · Based on the filing body and exhibits
Other Event Disclosures
The company said it has been the largest homebuilder by volume in the United States since 2002 and operates in 33 states and 119 markets. For the twelve-month period ended March 31, 2024, it said it closed 87,801 homes, 6,248 single-family rental homes and 2,536 multi-family rental units.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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