8-KMaterial AgreementsExhibits & Filings

HORTON D R INC /DE/ 8-K Report, Material Agreement (Apr 21, 2006)

Filed April 21, 2006For Securities:DHI

Summary

This Form 8-K filing by D. R. Horton, Inc. (DHI) on April 21, 2006, primarily discloses the entry into a material definitive agreement regarding executive compensation. Specifically, it details the semi-annual discretionary bonuses approved by the Board of Directors for the six-month period ending March 31, 2006, for certain executive officers. Investors should note that the bonuses are consistent with past practices and that none of the listed executive officers are expected to be named executive officers for the full fiscal year ending September 30, 2006. This filing does not represent any changes to existing bonus plans for named executive officers. The specific bonus amounts for the Executive Vice President & CFO and Executive Vice President & Treasurer were $175,000 each, and for the Senior Executive Vice President, it was $150,000.

Key Highlights

  • 1D. R. Horton approved semi-annual discretionary bonuses for certain executive officers for the period ending March 31, 2006.
  • 2Executive Vice President & CFO and Executive Vice President & Treasurer each received a bonus of $175,000.
  • 3Senior Executive Vice President received a bonus of $150,000.
  • 4These bonuses are consistent with the company's past practices.
  • 5None of the listed executive officers are expected to be named executive officers for fiscal year 2006.
  • 6No changes were made to existing bonus plans for named executive officers.
  • 7The summary of bonus payments is attached as Exhibit 10.1.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose the approval of semi-annual discretionary bonuses for certain executive officers of D. R. Horton for the period ending March 31, 2006.

The Executive Vice President & CFO received a semi-annual discretionary bonus of $175,000.

No, these bonuses are consistent with past practices, and there have been no changes to the bonus plans for named executive officers as previously approved and filed.

The filing specifies that while these individuals received bonuses, they are not anticipated to meet the criteria for 'named executive officers' by the end of the fiscal year. This distinction is often made to clarify reporting requirements and to provide transparency on compensation for key executives.