Toll Brothers shareholders approve lowering director removal threshold to majority vote

Toll Brothers, Inc.

Amendment to certificate of incorporation reduces supermajority requirement from 66-2/3% to majority for director removal.
Approved with 78,270,776 votes for, 261,834 against at March 11, 2025 annual meeting.
All director nominees elected; Katherine Sandstrom received most against votes (6.1M).
Ratification of auditor and say-on-pay advisory vote both passed with >75% support.
Certificate of Amendment filed with Delaware Secretary of State on March 11, 2025.

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