D.R. Horton said its Board appointed 3 new independent directors, Barbara R. Smith, M. Chad Crow and Elaine D. Crowley, effective August 26, 2024, and that the Board now has 10 directors, 8 of whom are independent.

1. 01

   D.R. Horton said its Board appointed 3 new independent directors, Barbara R. Smith, M. Chad Crow and Elaine D. Crowley, effective August 26, 2024, and that the Board now has 10 directors, 8 of whom are independent.

2. 02

   The company said Smith was named to the Nominating and Governance Committee, Crow to the Compensation Committee and Crowley to the Audit Committee. It said each new director was granted 1,320 restricted stock units that vest in equal amounts over 5 years.

3. 03

   The company said Smith served as CEO of Commercial Metals Company from 2017 to 2023, and Crow served as President and CEO of Builders FirstSource from 2017 to 2021. It also said Crowley, a Certified Public Accountant, was Executive Vice President and CFO of Mattress Giant Corporation from 2010 to 2012.

4. 04

   The company said its Board approved and adopted Amended and Restated Bylaws on August 23, 2024, effective the same day. The amendments clarify the advance notice provisions for stockholder nominations and proposals and require stockholders soliciting proxies to use a proxy card color other than white.

Analysis 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.

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.