secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0000794170-21-000072
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417021000072/0000794170-21-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417021000072/tol-20211210.htm
  HTML page:      https://secwatch.observer/filing/0000794170-21-000072

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