8-K

Toll Brothers, Inc. (TOL)

8-K 2023-03-08 For: 2023-03-07
View Original
Added on April 07, 2026

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): March 7, 2023

Toll Brothers, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware 001-09186 23-2416878
(State or Other Jurisdiction<br>of Incorporation) (Commission<br>File Number) (IRS Employer<br>Identification No.)
1140 Virginia Drive Fort Washington PA 19034
(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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock, par value $0.01 per share TOL The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07    Submission of Matters to a Vote of Security Holders.

Toll Brothers, Inc. (the “Company”) held its Annual Meeting of Stockholders on March 7, 2023. There were 110,570,747 shares of common stock eligible to vote at the meeting. The final voting results for each proposal submitted to a vote of the Company's stockholders are as follows:

Proposal One – Election of Directors:

FOR AGAINST ABSTAIN BROKER NON-VOTES
Douglas C. Yearley, Jr. 84,196,145 2,831,602 647,073 8,675,926
Stephen F. East 84,006,776 3,018,253 649,791 8,675,926
Christine N. Garvey 83,095,143 3,930,742 648,935 8,675,926
Karen H. Grimes 85,321,297 1,704,909 648,614 8,675,926
Derek T. Kan 85,501,782 1,510,988 662,050 8,675,926
Carl B. Marbach 83,200,993 3,824,022 649,805 8,675,926
John A. McLean 82,747,946 4,277,964 648,910 8,675,926
Wendell E. Pritchett 82,838,298 4,187,119 649,403 8,675,926
Paul E. Shapiro 72,015,991 15,006,283 652,546 8,675,926
Scott D. Stowell 85,519,860 1,505,780 649,180 8,675,926

Proposal Two – Ratification of the Re-Appointment of Independent Registered Public Accounting Firm:

FOR AGAINST ABSTAIN
91,785,735 3,915,101 649,910

Proposal Three – Advisory and Non-Binding Vote on Executive Compensation (Say on Pay):

FOR AGAINST ABSTAIN BROKER NON-VOTES
82,836,365 4,149,155 689,300 8,675,926

Proposal Four – Advisory and Non-Binding Vote on Frequency of Vote Regarding Executive Compensation (Say on Pay Frequency):

ONE YEAR TWO YEARS THREE YEARS ABSTAIN BROKER NON-VOTES
82,491,792 42,794 4,479,043 661,191 8,675,926

Based on the results of the vote, and consistent with the recommendation of the Board of Directors, the Board of Directors has determined to hold an advisory vote on executive compensation every year until the next required advisory vote on the frequency of future advisory votes on executive compensation.

Item 9.01    Financial Statements and Exhibits.

(d). Exhibits

Exhibit

No.     Item

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

TOLL BROTHERS, INC.
Dated: March 8, 2023 By: /s/ Michael J. Grubb
Michael J. Grubb<br>Senior Vice President,<br>Chief Accounting Officer

3