8-KLeadership ChangesExhibits & Filings

HORTON D R INC /DE/ 8-K Report, Executive Changes (Oct 29, 2009)

Filed October 29, 2009For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed an 8-K on October 29, 2009, reporting on the compensation arrangements for its Chairman and Chief Executive Officer, Donald R. Horton, and President and Chief Executive Officer, Donald J. Tomnitz, for the fiscal year 2010. The Compensation Committee of the Board of Directors approved the base salaries, performance-based bonus criteria, performance periods, and other long-term compensation and benefits for these two key executives. This filing is significant as it provides insight into how the company plans to incentivize its top leadership during the upcoming fiscal year. Investors often scrutinize executive compensation to understand management's alignment with shareholder interests, especially during periods of economic uncertainty or recovery. The details of these arrangements, referenced in Exhibit 10.1, would typically outline performance metrics tied to the company's success, such as profitability, revenue growth, or market share, which are crucial for assessing the company's strategic direction and future performance.

Key Highlights

  • 1D.R. Horton's Compensation Committee established the 2010 fiscal year compensation program for Chairman Donald R. Horton and President & CEO Donald J. Tomnitz.
  • 2The approved compensation includes base salaries, performance-based bonus criteria, performance periods, and other long-term compensation and benefits.
  • 3The reporting date for this event was October 23, 2009.
  • 4The company is providing these details to satisfy reporting requirements regarding executive compensation.
  • 5The full details of the compensation program are available in Exhibit 10.1, incorporated by reference.
  • 6This filing addresses Item 5.02(e) of Form 8-K, concerning compensatory arrangements of certain officers.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose the compensation program established for D.R. Horton's Chairman and Chief Executive Officer, Donald R. Horton, and President and Chief Executive Officer, Donald J. Tomnitz, for the fiscal year 2010. This includes their base salaries, bonus criteria, and other compensation elements.

The specific details of the executive compensation plan for fiscal year 2010 are outlined in Exhibit 10.1, which is incorporated by reference into this Form 8-K filing.

Executive compensation is important for investors as it provides insight into how the company intends to incentivize its top leaders. It helps investors assess whether management's compensation is aligned with the company's performance and overall shareholder value creation, particularly during significant economic periods.

The filing specifically covers Donald R. Horton, Chairman, and Donald J. Tomnitz, President and Chief Executive Officer, who are expected to be named executive officers for the 2010 fiscal year.