Current Report Filing (8-k)
February 23 2016 - 7:26AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): February 20, 2016
Toll Brothers, Inc.
(Exact Name of Registrant as Specified in Charter)
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Delaware | | 001-09186 | | 23-2416878 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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250 Gibraltar Road, Horsham, PA | | 19044 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (215) 938-8000
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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ITEM 5.02 | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN DIRECTORS. |
On February 23, 2016, Toll Brothers, Inc. (the “Company”) issued a press release announcing that Bruce E. Toll would not stand for re-election as a director at the Company’s 2016 Annual Meeting of Stockholders to be held on March 8, 2016. The determination not to stand for re-election was made on February 20, 2016. A copy of the press release is attached hereto as Exhibit 99.1.
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ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS. |
(d). Exhibits
The following Exhibits are furnished as part of this Current Report on Form 8-K:
Exhibit
No. Item
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99.1* | Press release of Toll Brothers, Inc. dated February 23, 2016. |
* Filed electronically herewith
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | TOLL BROTHERS, INC. |
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Dated: | February 23, 2016 | | | By: | | /s/ Joseph R. Sicree |
| | | | | | Joseph R. Sicree Senior Vice President, Chief Accounting Officer |
EXHIBIT 99.1
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FOR IMMEDIATE RELEASE | CONTACT: Frederick N. Cooper (215) 938-8312 |
February 23, 2016 | fcooper@tollbrothersinc.com |
TOLL BROTHERS ANNNOUNCES RETIREMENT OF
VICE CHAIRMAN BRUCE E. TOLL FROM BOARD OF DIRECTORS
Horsham, PA, February 23, 2016 -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today announced that Bruce E. Toll, Vice Chairman of the Board of Directors of Toll Brothers, has chosen to retire from its Board of Directors, effective on the date of the Company's annual meeting of stockholders, March 8, 2016.
In 1967, at the age of 23, Bruce Toll co-founded, with his brother Bob, what is now Toll Brothers, Inc. Begun as a local home building company in the Philadelphia suburbs, the Company went public in 1986 on the New York Stock Exchange and is now the largest luxury home building company in the United States. During its forty-nine years, the Company has won the National Housing Quality Award, been named America’s Best Builder, and been a two-time winner of the Professional Builder of the Year Award. In that time, the Company has expanded across the nation and delivered over 100,000 homes.
Douglas C. Yearley, Toll Brothers’ chief executive officer, stated: “Bruce’s business skill, financial acumen, and tremendous management capability, have been integral to growing Toll Brothers to our current position. Having been at the Company myself for nearly twenty-six years, I would like to express, on behalf of all Toll Brothers associates, gratitude to Bruce for his great contributions to the Company.”
Robert I. Toll, Toll Brothers’ executive chairman, stated: “When my brother Bruce and I started Toll Brothers nearly fifty years ago, we could never have dreamed that the Company would be what it is today. Bruce’s management strength is matched by an entrepreneurial drive that has enabled him to build a diverse business empire, encompassing investments in industries such as real estate, auto, energy, telecommunications, and healthcare. I thank Bruce for his tremendous contributions to Toll Brothers and wish him continued great success in his endeavors.”
Bruce E. Toll stated: “I am so proud of what Toll Brothers has accomplished in the last fifty years and appreciate the excellent work of all Toll Brothers associates during what has been an extraordinary journey.”
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