other material
confidence high
sentiment negative
materiality 0.15
D.R. Horton say-on-pay fails with 73% against; board will assess changes
HORTON D R INC /DE/
- Advisory vote on executive compensation received 81.4M for vs 215.6M against (72.6% against), failing to pass.
- Company acknowledges vote and says Compensation Committee will evaluate changes to address shareholder concerns.
- All seven director nominees elected: Donald Horton, Barbara Allen, Brad Anderson, Michael Buchanan, Ben Carson, Michael Hewatt, Maribess Miller.
- Ratification of Ernst & Young as auditor for FY2022 approved with 314.6M for, 378k against.
- Total shares represented at meeting: 315.2M out of 356.6M eligible (88.4% turnout).