secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001193125-24-249844
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000119312524249844/0001193125-24-249844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000119312524249844/d895415d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-249844

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