---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-21-000072"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2021-12-15T23:59:59+00:00"
generated_at: "2026-06-28T01:04:58.169643+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers appoints Derek T. Kan to Board of Directors

## Summary
- Board expanded from 11 to 12 directors; Derek T. Kan appointed effective Dec 10, 2021.
- Mr. Kan leads Deliverr operations/strategy; formerly Deputy Director of White House OMB and Under Secretary at DOT.
- Receives $85,000 annual cash retainer plus $165,000 in RSUs (pro-rated for FY2022).
- Board determined Mr. Kan meets NYSE independence standards; no committee assignments yet.
- Press release issued Dec 14, 2021 furnishing additional background.

## SEC filing metadata
- accession: 0000794170-21-000072
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2021-12-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417021000072/0000794170-21-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417021000072/tol-20211210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-21-000072
- JSON: https://secwatch.observer/filing/0000794170-21-000072.json
- Plain text: https://secwatch.observer/filing/0000794170-21-000072.txt

## Key facts
- Executive change
  Derek T. Kan was appointed as director at Toll Brothers, Inc..
  - Action: appointed
  - Role: director
  source text: increased the size of its Board from eleven to twelve directors and filled the newly created vacancy on the Board by appointing Derek T. Kan as a director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417021000072/0000794170-21-000072-index.htm

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