8-KShareholder Matters

HORTON D R INC /DE/ 8-K Report, Shareholder Vote Results (Jan 25, 2013)

Filed January 25, 2013For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed a Form 8-K on January 25, 2013, reporting on its Annual Meeting of Stockholders held on January 24, 2013. The primary purpose of the filing was to disclose the voting results on several key proposals presented to shareholders. All proposals, including the election of directors, an advisory vote on executive compensation, the approval of performance criteria for the 2000 Incentive Bonus Plan, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2013, received overwhelming support from stockholders. These results indicate strong shareholder confidence in the current board of directors and the company's executive compensation practices. The ratification of the independent auditor is a routine but important step for financial transparency and governance. The substantial voter turnout and the positive outcomes suggest a stable governance environment for D.R. Horton at the beginning of 2013.

Key Highlights

  • 1D.R. Horton held its Annual Meeting of Stockholders on January 24, 2013.
  • 2All six nominated directors were elected by a significant margin, with majority 'For' votes and relatively low 'Against' votes.
  • 3Stockholders provided advisory approval for the company's executive compensation.
  • 4The performance criteria under the Company's 2000 Incentive Bonus Plan were approved by shareholders.
  • 5PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for fiscal year 2013 with a very high approval rate.
  • 6A substantial portion of the company's common stock was represented at the meeting, indicating significant shareholder engagement.

Frequently Asked Questions

The main topics voted on were the election of six director nominees, an advisory vote on executive compensation, the approval of performance criteria for the 2000 Incentive Bonus Plan, and the ratification of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2013.

Yes, all six director nominees received a substantial majority of the 'For' votes, indicating strong shareholder support for the current board composition.

The advisory vote on executive compensation was approved by the stockholders, with a significant majority voting in favor.

Yes, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2013 was ratified by the stockholders with overwhelming approval.