Forestar shareholders approve charter amendment raising investment approval thresholds

Forestar Group Inc.

Amendment approved with 46,726,864 for vs 8,819 against; increases monetary threshold for Board vs Investment Committee approval.
Certain transactions now require D.R. Horton consent only above higher threshold, giving Board more autonomy.
All six director nominees elected: Fischer, Fuller, Jamieson, Parmer, Seagraves, Tomnitz.
Advisory vote on executive compensation approved (45.3M for, 1.4M against); Ernst & Young ratified as auditor for FY2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Forestar Group Inc.: Increased the monetary threshold for certain investment decisions requiring Board approval or D.R. Horton consent (effective 2025-01-21).

Change: charter amendment
Effective: 2025-01-21

Exact text from the filing

the Company filed a Certificate of Amendment to the Charter with the Secretary of State of the State of Delaware on January 21, 2025 (“Certificate of Amendment”), which became effective upon filing.

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Forestar Group Inc. filing history →

Source: SEC EDGAR

accession 0001406587-25-000006

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