---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-21-000059"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2021-10-18T23:59:59+00:00"
generated_at: "2026-06-28T20:23:18.973282+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers appoints Scott Stowell to board; Braemer to step down in March 2022

## Summary
- Scott Stowell, former CalAtlantic chairman and ex-Standard Pacific CEO, joins board effective Nov 1, 2021.
- Richard Braemer, 80, will not stand for re-election and departs at March 2022 annual meeting.
- Stowell will receive $85K annual cash retainer and ~$165K in RSUs for FY2022 service.
- Board expands to 11 directors; Stowell is the fifth new independent director added since 2016.

## SEC filing metadata
- accession: 0000794170-21-000059
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2021-10-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417021000059/0000794170-21-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417021000059/tol-20211015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-21-000059
- JSON: https://secwatch.observer/filing/0000794170-21-000059.json
- Plain text: https://secwatch.observer/filing/0000794170-21-000059.txt

## Key facts
- Executive change
  Scott D. Stowell was appointed as director at Toll Brothers, Inc..
  - Action: appointed
  - Role: director
  source text: On October 15, 2021, the Board of Directors (the “Board”) of Toll Brothers, Inc. (the “Company”) increased the size of the Board from ten to eleven directors and filled the newly created vacancy on the Board by appointing Scott D. Stowell as a director, in each case, effective November 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417021000059/0000794170-21-000059-index.htm
- Executive change
  Richard J. Braemer departed as director at Toll Brothers, Inc..
  - Action: will not stand for re-election and will step down
  - Role: director
  source text: In addition, Richard J. Braemer, age 80, has informed the Company that he will not stand for re-election and will step down from the Board at its annual meeting of stockholders in March 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417021000059/0000794170-21-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.