D.R. Horton: appoints director Carl E. Reichardt, Jr.

What happened The company reported that, effective Oct 22, 2026, the Board appointed Carl E. Reichardt, Jr. as an independent director. With his appointment the Board expanded to nine directors, seven of whom are independent, and the Board will consider potential committee appointments for Mr. Reichardt following the annual meeting of stockholders on Jan 14, 2027.

Key details

• Mr. Reichardt, age 61, most recently served as a Partner of BTIG, LLC from 2024 until his retirement in 2025; he was a Managing Director at BTIG from 2016 to 2023 and previously held senior roles at Hacienda Capital Partners LLC (Chief Investment Officer, 2012 to 2016), Wells Fargo Securities (Director and Managing Director, 2003 to 2011) and Banc of America Securities (1993 to 2003). He holds a Bachelor of Arts from Georgetown University and an MBA from Stanford University.
• Compensation: annual cash fees of $80,000, payable in quarterly installments of $20,000; an annual restricted stock unit award with a grant date value of $235,000 that vests on the first anniversary of the grant; and a one-time new director restricted stock unit award with a grant date value of $250,000 that vests in five equal annual installments beginning on the first anniversary of the grant.
• The Board expanded to nine directors, seven of whom are independent, and will consider committee assignments for Mr. Reichardt after the Jan 14, 2027 annual meeting.
• The filing states there is no arrangement or understanding between Mr. Reichardt and any other person regarding his selection, no family relationships with any officer or director, and no transactions required to be disclosed under Item 404(a) of Regulation S-K.

Why it may matter This report was made under Item 5.02 (departure of directors or certain officers; election of directors), which covers director appointments and related disclosures such as background and compensation. The filing does not show why the company acted.