secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0000794170-25-000032
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.03, 5.07, 9.01, 3.1
LLM model:  deepseek-v4-flash:cloud@v2

Toll Brothers shareholders approve lowering director removal threshold to majority vote
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417025000032/0000794170-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417025000032/tol-20250311.htm
  HTML page:      https://secwatch.observer/filing/0000794170-25-000032

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