8-KEarnings & ResultsLeadership ChangesCorporate Changes+1

HORTON D R INC /DE/ 8-K Report, Financial Results (May 6, 2008)

Filed May 6, 2008For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed an 8-K on May 6, 2008, primarily to announce its second-quarter 2008 financial results and related information via a press release (Exhibit 99.1). The filing also disclosed the retirement of Senior Executive Vice President Samuel R. Fuller, effective May 31, 2008. While the detailed financial results are presented in the referenced press release, this 8-K highlights a change in corporate governance with the adoption of an amendment to the company's bylaws allowing for the issuance and transfer of shares in uncertificated form. Investors should refer to the May 6, 2008, press release for specific financial performance metrics for the quarter ended March 31, 2008.

Key Highlights

  • 1D.R. Horton announced its second-quarter 2008 results of operations and financial condition via a press release dated May 6, 2008.
  • 2The company declared its quarterly dividend for the period.
  • 3Samuel R. Fuller, Senior Executive Vice President, announced his retirement effective May 31, 2008.
  • 4The Board of Directors amended the company's bylaws to allow for the issuance, recordation, and transfer of shares in uncertificated form.
  • 5The filing includes the press release detailing Q2 2008 results as Exhibit 99.1.
  • 6Amended and Restated Bylaws are filed as Exhibit 3.1, reflecting the change to uncertificated shares.

Frequently Asked Questions

This 8-K filing itself does not contain the detailed financial results. It serves as a notification that D.R. Horton issued a press release on May 6, 2008, with its Q2 2008 financial results. Investors should refer to the referenced press release (Exhibit 99.1) for specific financial performance data.

Yes, the filing reported the retirement of Samuel R. Fuller, who held the position of Senior Executive Vice President. His retirement was effective May 31, 2008.

The company's Amended and Restated Bylaws were amended to add a provision clarifying that D.R. Horton can issue, record, and transfer shares in uncertificated form, meaning shares may no longer be represented by physical certificates.

Yes, the press release referenced in this 8-K (Exhibit 99.1) announced the declaration of the company's quarterly dividend.