Summary
D.R. Horton, Inc. (DHI) filed an 8-K on November 8, 2016, to report its financial results for the fourth quarter and full fiscal year ended September 30, 2016. The filing primarily serves to attach a press release detailing these results. Investors should note that this information, as per the 8-K, is furnished and not considered "filed" for liability purposes under Section 18 of the Securities Exchange Act of 1934, unless specifically incorporated into other filings. This means the direct impact of this particular 8-K filing on legal liabilities related to its content is limited.
Key Highlights
- 1DHI reported its fourth quarter and full fiscal year 2016 financial results via a press release filed with the 8-K.
- 2The press release also announced the declaration of a quarterly dividend.
- 3The 8-K filing incorporates the press release by reference.
- 4Information furnished in this Item 2.02 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
- 5This filing is primarily an informational update and does not contain new financial statements or extensive operational discussions beyond what is in the attached press release.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly disseminate D.R. Horton's financial results for its fourth quarter and fiscal year ended September 30, 2016, and to announce the declaration of its quarterly dividend, through an attached press release.
No, the detailed financial results are not presented directly within the 8-K filing itself. Instead, the 8-K incorporates by reference a press release (Exhibit 99.1) which contains the financial results and related information.
The distinction means that while the information is being provided to the public, it is not subject to the same level of liability under Section 18 of the Securities Exchange Act of 1934 as if it were "filed." This generally limits the company's exposure to lawsuits based on inaccuracies in the furnished information unless it's later incorporated into a formal filing.
Yes, the press release attached to this 8-K filing announced the declaration of D.R. Horton's quarterly dividend.