D.R. Horton amends Forestar stockholder agreement; approval threshold raised to $45M

HORTON D R INC /DE/

Approval threshold for Forestar investments increased from $20M to $45M, adjustable annually by Case-Shiller Index change.
D.R. Horton owns ~62% of Forestar's outstanding common stock as of Oct 28, 2024.
Charter amendment to match new threshold will be proposed at Forestar's 2025 annual meeting for stockholder vote.
Until stockholder approval, the original $20M threshold in Forestar's charter remains in effect.
A&R Stockholder's Agreement filed as Exhibit 10.1, effective Oct 28, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.