8-KLeadership ChangesMaterial AgreementsExhibits & Filings

HORTON D R INC /DE/ 8-K Report, Material Agreement (Oct 1, 2021)

Filed October 1, 2021For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed an 8-K on October 1, 2021, primarily announcing the appointment and promotion of Paul J. Romanowski to Executive Vice President and Co-Chief Operating Officer, effective October 1, 2021. Mr. Romanowski brings over 20 years of extensive experience within the residential development and homebuilding sector, with a significant tenure at D.R. Horton since 1999. His prior roles include Division President, Region President, and expanded oversight of multiple states, demonstrating a strong track record within the company. The filing also references compensatory arrangements for Mr. Romanowski for fiscal year 2022, with details incorporated by reference to Exhibit 10.1. This promotion signifies a key leadership change, elevating an experienced executive to a significant operational role within the company. Investors should note that Mr. Romanowski is expected to be a named executive officer and a Section 16 reporting person for fiscal year 2022, which may lead to increased scrutiny of his compensation and stock transactions.

Key Highlights

  • 1Paul J. Romanowski appointed Executive Vice President and Co-Chief Operating Officer, effective October 1, 2021.
  • 2Mr. Romanowski has over 20 years of experience in homebuilding and residential development, with a long history at D.R. Horton since 1999.
  • 3The appointment reflects a significant leadership change within the company's operational structure.
  • 4Details of Mr. Romanowski's fiscal year 2022 compensation arrangements are incorporated by reference to Exhibit 10.1.
  • 5Mr. Romanowski is expected to be a named executive officer and Section 16 reporting person for FY2022.

Frequently Asked Questions

Paul J. Romanowski has been appointed Executive Vice President and Co-Chief Operating Officer of D.R. Horton, Inc., effective October 1, 2021. He has a long tenure with the company, joining in 1999, and has held various leadership positions including Division President and Region President, overseeing substantial operational areas.

This appointment signifies a strengthening of the company's executive leadership team. Mr. Romanowski's extensive experience in residential development and homebuilding, particularly his deep understanding of D.R. Horton's operations across various regions, suggests a continued focus on operational efficiency and strategic growth within the homebuilding sector.

Details regarding Mr. Romanowski's compensation arrangements for fiscal year 2022 are referenced in the filing and incorporated by reference to Exhibit 10.1. Investors interested in the specifics of his compensation package would need to refer to that exhibit, which is typically provided as part of the full SEC filing.

Being a named executive officer means Mr. Romanowski will be among the highest-paid executives whose compensation details are disclosed in the company's proxy statements. As a Section 16 reporting person, his stock transactions (purchases and sales) will be publicly reported to the SEC, providing transparency into insider trading activities.