secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0000794170-23-000060
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Toll Brothers declares $0.21 quarterly dividend, authorizes new 20M share buyback; appoints two new directors
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- Quarterly dividend of $0.21/share payable Jan 26, 2024 to holders of record Jan 12, 2024.
- Board approved new 20M share repurchase authorization; $400M budgeted for buybacks in fiscal 2024.
- Repurchased 13.3M shares (~12% of shares outstanding) for ~$800M since May 2022.
- Judith A. Reinsdorf and Katherine M. Sandstrom appointed to Board, expanding from 10 to 12 directors.
- Director Carl B. Marbach (82) will not stand for re-election and will step down at March 2024 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000060/0000794170-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000060/tol-20231213.htm
  HTML page:      https://secwatch.observer/filing/0000794170-23-000060

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