Form 8-K · Current Report · Filed 2024-11-01
D.R. Horton and Forestar Amend Stockholder Agreement
On October 28, 2024, D.R. Horton, Inc. and Forestar Group Inc. entered into an Amended and Restated Stockholder's Agreement, which increases the investment approval threshold from $20,000,000 to $45,000,000 and adjusts annually based on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The agreement also outlines the investment decision responsibilities of Forestar's Investment Committee and requires D.R. Horton's prior written consent for certain acquisitions and investments. The amendment is subject to stockholder approval of a proposed Charter Amendment.
- Filer
- D.R. Horton Inc. DHI · NYSE
- Filed
- Accession
- 0001193125-24-249844
- CIK
- 0000882184
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Financial Statements and Exhibits
Market reaction
Close before filing
$169.00
Next session
+1.0%
Since filing
-15.3%
Latest close
$143.06
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from DHI reporting the same item, with the next session's move:
Exhibits (1)
About D.R. Horton Inc.
D.R. Horton Inc. is a prominent name in the real estate and construction industry, specializing in the development and sale of residential homes. As the largest homebuilder in the United States by volume, its primary function is to serve the growing demand for residential housing across diverse markets. The company offers a variety of homes catering to a broad range of consumer segments, from entry-level to luxury options, ensuring widespread coverage in the market. Operating in multiple regions across the U.S., D.R. Horton has a notable impact on both local economies and the broader real estate sector, playing a significant role in shaping housing availability and community development. Known for its efficient construction processes and strategic market positioning, the company supports the housing sector by contributing to inventory levels in response to population growth and urban expansion. Since its founding in 1978, D.R. Horton has maintained a strong presence in the financial markets, providing investors with insights into housing trends and economic health. Its performance often serves as a barometer for industry conditions, given the cyclical nature of real estate and its closely tied relationship with economic indicators such as interest rates and consumer confidence.
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