8-KLeadership ChangesExhibits & Filings

HORTON D R INC /DE/ 8-K Report, Executive Changes (Oct 5, 2007)

Filed October 5, 2007For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed a Form 8-K on October 5, 2007, reporting on compensatory arrangements for its named executive officers. For the fiscal year ended September 30, 2007, the Board of Directors, upon the recommendation of the Compensation Committee, approved annual discretionary bonuses for its executive officers. This aligns with past practices and indicates no significant changes to the bonus plans previously established. The filing specifically details the bonus amounts awarded to key executives, including Bill W. Wheat (Executive Vice President and Chief Financial Officer) and Stacey H. Dwyer (Executive Vice President and Treasurer), both of whom received $300,000. Samuel R. Fuller (Senior Executive Vice President) received a bonus of $50,000. A summary of these bonus payments is attached as an exhibit to this filing, providing transparency on executive compensation.

Key Highlights

  • 1D.R. Horton approved annual discretionary bonuses for its named executive officers for the fiscal year ending September 30, 2007.
  • 2Bonuses were approved by the Board of Directors based on the Compensation Committee's recommendation, consistent with prior years' practices.
  • 3Executive Vice President and CFO Bill W. Wheat received a bonus of $300,000.
  • 4Executive Vice President and Treasurer Stacey H. Dwyer also received a bonus of $300,000.
  • 5Senior Executive Vice President Samuel R. Fuller received a bonus of $50,000.
  • 6The filing states there were no changes to the discretionary bonus plans for these officers.
  • 7A summary of bonus payments is incorporated by reference as Exhibit 10.1 to the 8-K filing.

Frequently Asked Questions

The main purpose of this 8-K filing is to report on the annual discretionary bonuses awarded to D.R. Horton's named executive officers for the fiscal year ended September 30, 2007. It confirms these bonuses were approved by the Board of Directors in line with historical practices.

No, the filing explicitly states that there have been no changes to the discretionary bonus plans for the listed named executive officers as previously approved by the Compensation Committee and the Board of Directors.

Bill W. Wheat, Executive Vice President and Chief Financial Officer, and Stacey H. Dwyer, Executive Vice President and Treasurer, each received an annual discretionary bonus of $300,000. Samuel R. Fuller, Senior Executive Vice President, received a bonus of $50,000.

A summary of the bonus payments made to these certain executive officers is attached as Exhibit 10.1 to this Form 8-K filing and is incorporated by reference.