---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-23-000036"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T09:06:07.484090+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers annual meeting results: all directors elected, say-on-pay approved, frequency set to one year

## Summary
- All 10 director nominees elected; votes 'for' ranged from ~72M (Shapiro) to ~85.5M (Stowell).
- Ratification of Deloitte (independent auditor) approved: 91.8M for, 3.9M against.
- Advisory vote on executive compensation (say-on-pay) passed: 82.8M for, 4.1M against.
- Advisory vote on frequency set to 1 year (82.5M for 1-year); board adopts annual say-on-pay.

## SEC filing metadata
- accession: 0000794170-23-000036
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417023000036/0000794170-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417023000036/tol-20230307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-23-000036
- JSON: https://secwatch.observer/filing/0000794170-23-000036.json
- Plain text: https://secwatch.observer/filing/0000794170-23-000036.txt

## Key facts
- Shareholder Votes
  Toll Brothers, Inc. shareholders approved Election of Directors at the 2023-03-07 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-03-07
  source text: Proposal One – Election of Directors: FOR AGAINST ABSTAIN BROKER NON-VOTES Douglas C. Yearley, Jr. 84,196,145 2,831,602 647,073 8,675,926 Stephen F. East 84,006,776 3,018,253 649,791 8,675,926 Christine N. Garvey 83,095,143 3,930,742 648,935 8,675,926 Karen H. Grimes 85,321,297 1,704,909 648,614 8,675,926 Derek T. Kan 85,501,782 1,510,988 662,050 8,675,926 Carl B. Marbach 83,200,993 3,824,022 649,805 8,675,926 John A. McLean 82,747,946 4,277,964 648,910 8,675,926 Wendell E. Pritchett 82,838,298 4,187,119 649,403 8,675,926 Paul E. Shapiro 72,015,991 15,006,283 652,546 8,675,926 Scott D. Stowell 85,519,860 1,505,780 649,180 8,675,926
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000036/0000794170-23-000036-index.htm
- Shareholder Votes
  Toll Brothers, Inc. shareholders approved Advisory and Non-Binding Vote on Frequency of Vote Regarding Executive Compensation (Say on Pay Frequency) at the 2023-03-07 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-03-07
  source text: Proposal Four – Advisory and Non-Binding Vote on Frequency of Vote Regarding Executive Compensation (Say on Pay Frequency): ONE YEAR TWO YEARS THREE YEARS ABSTAIN BROKER NON-VOTES 82,491,792 42,794 4,479,043 661,191 8,675,926
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000036/0000794170-23-000036-index.htm
- Shareholder Votes
  Toll Brothers, Inc. shareholders approved Ratification of the Re-Appointment of Independent Registered Public Accounting Firm at the 2023-03-07 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-03-07
  source text: Proposal Two – Ratification of the Re-Appointment of Independent Registered Public Accounting Firm: FOR AGAINST ABSTAIN 91,785,735 3,915,101 649,910
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000036/0000794170-23-000036-index.htm
- Shareholder Votes
  Toll Brothers, Inc. shareholders approved Advisory and Non-Binding Vote on Executive Compensation (Say on Pay) at the 2023-03-07 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-03-07
  source text: Proposal Three – Advisory and Non-Binding Vote on Executive Compensation (Say on Pay): FOR AGAINST ABSTAIN BROKER NON-VOTES 82,836,365 4,149,155 689,300 8,675,926
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000036/0000794170-23-000036-index.htm

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