The Board of Directors appointed Carl E. Reichardt Jr. to the board as an independent director effective October 22, 2026. Mr. Reichardt brings extensive financial services experience from roles at BTIG, Wells Fargo Securities, and Banc of America Securities. He will receive annual cash fees of $80,000 and restricted stock unit awards valued at $485,000 in total. The board now consists of nine directors, seven of whom are independent. D.R. Horton is the largest homebuilder in the United States by volume.
