HORTON D R INC /DE/ — fact timeline

HORTON D R INC /DE/ amended Fifth Amendment with U.S. Bank National Association valued at $1.925 billion (effective 2026-05-06).

“Effective May 6, 2026, DHI Mortgage Company, Ltd. ("DHI Mortgage"), a wholly-owned subsidiary of D.R. Horton, Inc., U.S. Bank National Association, as a buyer, and as administrative agent ("U.S. Bank" or "Administrative Agent") and other buyers listed as a buyer (collectively, the "Buyers") hereto entered into the Fifth Amendment (the "Amendment") to the Fourth Amended and Restated Master Repurchase Agreement dated as of February 18, 2022 as amended prior to the date hereof (as so amended, the "Amended Repurchase Facility").”

HORTON D R INC /DE/ amended credit facility of $1.925 billion Maximum Aggregate Commitment with U.S. Bank National Association at modified certain pricing terms and fees maturing May 4, 2029.

“the "Amended Repurchase Facility"). Pursuant to the terms of the Amendment, the parties agreed to, among other things, (i) increase the Maximum Aggregate Commitment amount to $1.925 billion, (ii) extend the maturity date to May 4, 2029, subject to additional extension options, (iii) modify certain pricing terms and fees, and (iv) modify certain financial covenants.”

HORTON D R INC /DE/ reported second quarter ended March 31, 2026 results: net income $647.9 million, EPS $2.24 per diluted share.

“Fiscal 2026 Second Quarter Highlights As of or for the quarter ended March 31, 2026 • Net income attributable to D.R. Horton of $647.9 million or $2.24 per diluted share”

HORTON D R INC /DE/ amended Amendment No. 2 with Mizuho, as Administrative Agent valued at $1.050 billion (effective 2026-03-27).

“Effective March 27, 2026, DRH Rental, Inc. (“DRH Rental”), a wholly-owned subsidiary of D.R. Horton, Mizuho, as Administrative Agent, and the Lenders named therein entered into Amendment No. 2 (“Amendment No. 2”) to the Credit Agreement dated as of March 4, 2022, as amended prior to the date hereof (as so amended, the “DRH Rental Credit Agreement”) with respect to its $1.050 billion senior unsecured revolving credit facility.”

HORTON D R INC /DE/ amended Amendment No. 13 with Mizuho Bank, Ltd. valued at $4.0 billion (effective 2026-03-27).

“Effective March 27, 2026 , D.R. Horton, Inc. (“D.R. Horton”), Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender (“Mizuho” or “Administrative Agent”) and certain other Lenders entered into Amendment No. 13 (“Amendment No. 13”) to the Credit Agreement dated as of September 7, 2012 , as amended prior to the date hereof (as so amended, the “D.R. Horton Credit Agreement”).”

Elaine D. Crowley was appointed as Director at HORTON D R INC /DE/.

“The new directors are Barbara R. Smith, M. Chad Crow and Elaine D. Crowley.”

M. Chad Crow was appointed as Director at HORTON D R INC /DE/.

“The new directors are Barbara R. Smith, M. Chad Crow and Elaine D. Crowley.”

Barbara R. Smith was appointed as Director at HORTON D R INC /DE/.

“The new directors are Barbara R. Smith, M. Chad Crow and Elaine D. Crowley.”

HORTON D R INC /DE/ reported second quarter ended March 31, 2024 results: revenue $9.1 billion, net income $1.2 billion, EPS $3.52 per diluted share. Guidance raised.

“billion or $3.52 per diluted share • Consolidated pre-tax income increased 23% to $1.5 billion, with a pre-tax profit margin of 16.8% • Consolidated revenues increased 14% to $9.1 billion • Homes closed increased 15% to 22,548 homes and 14% in value to $8.5 billion • Net sales orders increased 14% to 26,456 homes and 17% in value to $10.1 billion • Rental”

HORTON D R INC /DE/ amended Second Amendment with U.S. Bank National Association valued at Maximum Aggregate Commitment amount of $1.6 billion (effective 2024-02-16).

“Effective February 16, 2024, DHI Mortgage Company, Ltd., a Texas limited partnership ("DHI Mortgage"), and a wholly-owned subsidiary of D.R. Horton, Inc., a Delaware corporation, U.S. Bank National Association, as a buyer, and as administrative agent ("Administrative Agent") and other buyers listed as a buyer (collectively, the "Buyers") hereto entered into the Second Amendment (the "Amendment") to the Fourth Amended and Restated Master Repurchase Agreement dated as of February 18, 2022 as amended prior to the date hereof (as so amended, the "Amended Repurchase Facility")”

HORTON D R INC /DE/ reported first quarter ended December 31, 2023 results: revenue $7.7 billion, net income $947.4 million, EPS $2.82 per diluted share.

“Horton of $947.4 million or $2.82 per diluted share • Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 16.1% • Consolidated revenues increased 6% to $7.7 billion • Homes closed increased 12% to 19,340 homes and 8% in value to $7.3 billion • Net sales orders increased 35% to 18,069 homes and 38% in value to $6.8 billion • Rental operations”

HORTON D R INC /DE/ shareholders approved Ratify the Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for fiscal 2024 at the 2024-01-17 meeting.

“Stockholders approved the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024 based on the following votes.”

HORTON D R INC /DE/ shareholders approved Approval of the D.R. Horton, Inc. 2024 Stock Incentive Plan at the 2024-01-17 meeting.

“Stockholders approved the Company's 2024 Stock Incentive Plan based on the following votes.”

HORTON D R INC /DE/ shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2024-01-17 meeting.

“The majority of stockholders voted for the frequency of future advisory votes on executive compensation to be held on an annual basis.”

HORTON D R INC /DE/ shareholders approved Advisory Vote on the Approval of Executive Compensation at the 2024-01-17 meeting.

“Stockholders approved the Company’s executive compensation based on the following votes.”

HORTON D R INC /DE/ shareholders approved Election of eight director nominees at the 2024-01-17 meeting.

“Stockholders elected each of the following nominees as a director to hold office until the 2025 Annual Meeting and until his or her successor is duly elected and qualified based on the following votes.”

HORTON D R INC /DE/ amended Amendment No. 1 with Mizuho Bank, Ltd., as Administrative Agent, and the Lenders named therein valued at $1.025 billion senior unsecured revolving credit facility (effective 2023-10-10).

“Effective October 10, 2023, DRH Rental, Inc. (“ DRH Rental ”), a wholly-owned subsidiary of D.R. Horton, Inc., Mizuho Bank, Ltd., as Administrative Agent, and the Lenders named therein entered into Amendment No. 1 (the " Amendment No. 1 ") to the Credit Agreement dated as of March 4, 2022 (as so amended, the “ Credit Agreement ”) with respect to its $1.025 billion senior unsecured revolving credit facility (the “ Credit Facility ”).”

Donald R. Horton changed role as Chairman of the Board at HORTON D R INC /DE/.

“Donald R. Horton will continue his role as Chairman of the Board, but effective October 1, 2023, will no longer serve as an executive officer of the Company.”

David V. Auld changed role as Executive Vice Chair of the Board at HORTON D R INC /DE/.

“Effective October 1, 2023, David V. Auld will transition from his role as President and CEO to Executive Vice Chair of the Company’s Board.”

Paul J. Romanowski was appointed as President and Chief Executive Officer at HORTON D R INC /DE/.

“Effective October 1, 2023, the Board appointed Paul J. Romanowski, age 53, to the office of President and Chief Executive Officer.”

HORTON D R INC /DE/ reported fiscal 2023 results: revenue $34.7 billion to $35.1 billion. Guidance reaffirmed.

“Based on current market conditions and the Company's results for the first nine months of the year, D.R. Horton is updating its fiscal 2023 guidance as follows: • Consolidated revenues in a range from $34.7 billion to $35.1 billion”

HORTON D R INC /DE/ reported nine months ended June 30, 2023 results: revenue $22.9 billion, net income $3.2 billion, EPS $9.39 per diluted share. Guidance reaffirmed.

“For the nine months ended June 30, 2023, net income per common share attributable to D.R. Horton decreased 21% to $9.39 per diluted share compared to $11.85 per diluted share in the same period of fiscal 2022. Net income attributable to D.R. Horton for the nine months ended June 30, 2023 decreased 23% to $3.2 billion compared to $4.2 billion in the same period of fiscal 2022. Homebuilding revenue for the first nine months of fiscal 2023 increased 2% to $22.9 billion compared to $22.5 billion in the same period of fiscal 2022.”

HORTON D R INC /DE/ reported third quarter ended June 30, 2023 results: revenue $9.7 billion, net income $1.3 billion, EPS $3.90 per diluted share. Guidance reaffirmed.

“Horton of $1.3 billion or $3.90 per diluted share • Consolidated pre-tax income of $1.8 billion, with a pre-tax profit margin of 18.3% • Consolidated revenues increased 11% to $9.7 billion • Homes closed increased 8% to 22,985 homes and 4% in value to $8.7 billion • Net sales orders increased 37% to 22,879 homes and 26% in value to $8.7 billion • Rental operations”

HORTON D R INC /DE/ reported fiscal 2023 second quarter ended March 31, 2023 results: revenue $8.0 billion, net income $942.2 million, EPS $2.73 per diluted share.

“to D.R. Horton of $942.2 million or $2.73 per diluted share • Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 15.6% • Consolidated revenues of $8.0 billion • Home sales revenues of $7.4 billion on 19,664 homes closed • Net sales orders of 23,142 homes, with an order value of $8.6 billion • Rental operations pre-tax income of $34.6”

HORTON D R INC /DE/ incurred credit facility of up to $300 million with Royal Bank of Canada at SOFR plus a pricing spread.

“The Repurchase Facility provides DHI Mortgage with uncommitted borrowing capacity of up to $300 million.”

HORTON D R INC /DE/ entered into Master Repurchase Agreement with Royal Bank of Canada valued at up to $300 million (effective 2023-04-04).

“Effective April 4, 2023, DHI Mortgage Company, Ltd., a Texas limited partnership (“DHI Mortgage”), and a wholly-owned subsidiary of D.R. Horton, Inc., a Delaware corporation, and Royal Bank of Canada ( “RBC” ) entered into a Master Repurchase Agreement (the “Repurchase Agreement”) pursuant to which DHI Mortgage may from time to time sell to RBC, and later repurchase, eligible residential mortgage loans (the "Repurchase Facility")”

HORTON D R INC /DE/ amended First Amendment to the Fourth Amended and Restated Master Repurchase Agreement with U.S. Bank National Association and other buyers valued at $2.0 billion (effective 2023-02-17).

“the First Amendment to the Fourth Amended and Restated Master Repurchase Agreement (the "Amendment") . The Amendment modifies the Fourth Amended and Restated Master Repurchase Agreement dated as of February 18, 2022”

David V. Auld was appointed as Director at HORTON D R INC /DE/.

“Effective January 26, 2023, the Company’s Board of Directors (the “Board”) appointed David V. Auld, the Company’s President and Chief Executive Officer, to serve as a director on the Board.”

HORTON D R INC /DE/ reported first fiscal quarter ended December 31, 2022 results: revenue $7.3 billion, net income $958.7 million, EPS $2.76 per diluted share.

“Horton of $958.7 million or $2.76 per diluted share • Consolidated pre-tax income of $1.3 billion, with a pre-tax profit margin of 17.5% • Consolidated revenues increased 3% to $7.3 billion • Home sales revenues increased 1% to $6.7 billion on 17,340 homes closed • Rental operations pre-tax income of $110.3 million on $327.5 million of revenues from sales of 694”

HORTON D R INC /DE/ shareholders approved Ratify the Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm at the 2023-01-18 meeting.

“Stockholders approved the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2023 based on the following votes.”

HORTON D R INC /DE/ shareholders approved Advisory Vote on the Approval of Executive Compensation at the 2023-01-18 meeting.

“Stockholders approved the Company’s executive compensation based on the following votes.”

HORTON D R INC /DE/ shareholders approved Election of Directors at the 2023-01-18 meeting.

“Stockholders elected each of the following nominees as a director to hold office until the 2024 Annual Meeting and until his or her successor is duly elected and qualified based on the following votes.”

HORTON D R INC /DE/ reported fiscal year ended September 30, 2022 results: revenue $33.5 billion, net income $5.9 billion, EPS $16.51 per diluted share.

“prior year • Net income per diluted share increased 45% to $16.51 • Net income attributable to D.R. Horton increased 40% to $5.9 billion • Consolidated revenues increased 21% to $33.5 billion • Consolidated pre-tax income increased 42% to $7.6 billion, with a pre-tax profit margin of 22.8% • Home sales revenue increased 20% to $31.9 billion on 82,744 homes • Cash”

HORTON D R INC /DE/ reported fourth fiscal quarter ended September 30, 2022 results: revenue $9.6 billion, net income $1.6 billion, EPS $4.67 per diluted share.

“quarter • Net income per diluted share increased 26% to $4.67 • Net income attributable to D.R. Horton increased 22% to $1.6 billion • Consolidated revenues increased 19% to $9.6 billion • Consolidated pre-tax income increased 20% to $2.1 billion, with a pre-tax profit margin of 21.4% • Repurchased 3.6 million shares of common stock for $251.7 million Fiscal 2022”

HORTON D R INC /DE/ amended revolving credit with Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender at SOFR-based interest rates maturing October 28, 2027.

“Pursuant to the terms of Amendment No. 11, the Administrative Agent and the Lenders party thereto agreed to extend the Revolving Credit Facility Termination Date to October 28, 2027 and replace the LIBOR-based interest rate applicable to borrowings under the Credit Agreement with SOFR-based interest rates”

HORTON D R INC /DE/ amended Amendment No. 11 to Credit Agreement with Mizuho Bank, Ltd. and the Lenders valued at Extended Revolving Credit Facility Termination Date to October 28, 2027 and replaced LIBOR-based int (effective 2022-10-28).

“Effective October 28, 2022, D.R. Horton, Inc. (the “ Borrower ”) and Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender (“ Mizuho ” or “ Administrative Agent ”) and the Lenders entered into Amendment No. 11 (the “ Amendment No. 11 ”) to the Credit Agreement dated as of September 7, 2012 as amended prior to the date hereof (as so amended, the “ Credit Agreement ”). Pursuant to the terms of Amendment No. 11, the Administrative Agent and the Lenders party thereto agreed to extend the Revolving Credit Facility Termination Date to October 28, 2027 and replace the LIBOR-based interest rate applicable to borrowings under the Credit Agreement with SOFR-based interest rates, subject to adjustment as specified in Amendment No. 11. The description and terms of Amendment No. 11 provided herein are qualified in their entirety by reference to the full and complete terms contained in Amendment No. 11, which is attached to this Form 8-K as Exhibit 10.1 and incorporated”