secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2021-10-18T23:59:59+00:00
Accession:  0000794170-21-000059
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417021000059/0000794170-21-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417021000059/tol-20211015.htm
  HTML page:      https://secwatch.observer/filing/0000794170-21-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer