Toll Brothers (NYSE: TOL) to transition chief accounting officer role in 2026

Rhea-AI Filing Summary

Toll Brothers, Inc. reported that its Senior Vice President and Chief Accounting Officer, Michael J. Grubb, has notified the company of his intention to retire as principal accounting officer effective February 2, 2026. Grubb, age 61, has been with the company for 22 years and has served as Chief Accounting Officer since January 2018.

The company intends to appoint Erica J. Mainardi, age 44, as Senior Vice President and Chief Accounting Officer, effective the same date. Mainardi joined Toll Brothers in June 2020 as Director of FP&A and became a Vice President in September 2021 with oversight of Corporate Accounting. Her prior experience includes senior technical accounting and reporting roles at DuPont de Nemours, Inc. and BrightView Holdings, Inc., as well as audit leadership at Ernst & Young LLP. She is a Certified Public Accountant with a B.S. in Accounting from Saint Joseph’s University. The company states there are no special arrangements, family relationships, or related-party transactions connected to her appointment.

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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): December 19, 2025

Toll Brothers, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

001-09186

23-2416878

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer 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 5.02. Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Agreements of Certain Officers

On December 19, 2025, Michael J. Grubb, Senior Vice President and Chief Accounting Officer, notified Toll Brothers, Inc. (the “Company”) of his intention to retire as the Company’s principal accounting officer on February 2, 2026. Mr. Grubb, 61, has worked for the Company for the past 22 years and was appointed to the Chief Accounting Officer role in January 2018.

The Company intends to appoint Ms. Erica J. Mainardi, 44, to the role of Senior Vice President and Chief Accounting Officer (principal accounting officer) effective February 2, 2026. Ms. Mainardi joined the Company as Director, FP&A in June 2020 and was promoted to Vice President in September 2021, assuming Corporate Accounting oversight. Prior to joining the Company, Ms. Mainardi served as Global Business Controller & Accounting Policy Leader at DuPont de Nemours, Inc., Senior Director, Technical Accounting & Financial Reporting at BrightView Holdings, Inc. and was an Audit Senior Manager at Ernst & Young LLP. Ms. Mainardi is a Certified Public Accountant and holds a B.S. in Accounting from Saint Joseph’s University.

There are no arrangements or understandings between Ms. Mainardi and any other person pursuant to which she was selected as the Company’s principal accounting officer, and there are no family relationships between Ms. Mainardi and any director or other officer of the Company. Ms. Mainardi does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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 

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:

December 19, 2025

By:

/s/ Michael J. Grubb

Michael J. Grubb Senior Vice President, Chief Accounting Officer

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