Toll Brothers names Karl Mistry CEO, director

Toll Brothers, Inc. implemented its previously announced CEO succession plan on March 30, 2026.

Accepted by SEC EDGAR 03/31/2026 - 04:04 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Toll Brothers, Inc. implemented its previously announced CEO succession plan on March 30, 2026. The Board of Directors expanded from 9 to 10 members and appointed Karl K. Mistry as a Director, with his term expiring at the 2027 annual meeting of stockholders.

On the same date, Mr. Mistry succeeded Douglas C. Yearley, Jr. as Chief Executive Officer, while Mr. Yearley assumed the role of Executive Chairman. The company states Mr. Mistry is not expected to serve on any Board committee and reports no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.

Insights

Corporate governance analyst

Toll Brothers formalizes a planned CEO handoff while adding its new CEO to the Board.

The company executed a structured leadership transition by elevating Karl K. Mistry to Chief Executive Officer and adding him to the Board, while long-time leader Douglas C. Yearley, Jr. moved to Executive Chairman. This preserves continuity at the board level.

The filing emphasizes that the transition follows a previously announced CEO succession plan and that Mr. Mistry has no disclosable related-party transactions under Regulation S-K Item 404(a). This framing suggests an orderly, compliance-focused change rather than an abrupt leadership shift.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

0000794170false00007941702026-03-302026-03-30

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 30, 2026

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 of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers

(d) In connection with its previously announced CEO succession plan, on March 30, 2026, the Board of Directors (the “Board”) of Toll Brothers, Inc. (the “Company”) increased its size from 9 to 10 members and appointed Mr. Karl K. Mistry to serve as a Director, with a term expiring at the 2027 annual meeting of stockholders and until his successor is duly elected and qualified. Also effective on March 30, 2026 and as previously disclosed, Mr. Mistry succeeded Mr. Douglas C. Yearley, Jr. as the Company’s Chief Executive Officer, with Mr. Yearley assuming the role of Executive Chairman.

Mr. Mistry is not expected to be appointed to any committee of the Board, there are no arrangements or understandings between Mr. Mistry and any other person pursuant to which Mr. Mistry was selected as a director, and Mr. Mistry 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.

2

Item 9.01    Financial Statements and Exhibits.

(d). Exhibits

Exhibit

No.     Item 

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

* 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.

TOLL BROTHERS, INC.

Dated:

March 31, 2026

By:

/s/ Erica J. Mainardi

Erica J. Mainardi Senior Vice President, Chief Accounting Officer

3

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.8 KB