---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-25-000032"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2025-03-12T23:59:59+00:00"
generated_at: "2026-05-24T22:53:47.620272+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers shareholders approve lowering director removal threshold to majority vote

## Summary
- 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.

## SEC filing metadata
- accession: 0000794170-25-000032
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2025-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.03, 5.07, 9.01, 3.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417025000032/0000794170-25-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417025000032/tol-20250311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-25-000032
- JSON: https://secwatch.observer/filing/0000794170-25-000032.json
- Plain text: https://secwatch.observer/filing/0000794170-25-000032.txt

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