Summary of Bonus Payments to Certain Executive Officers of D.R. Horton, Inc. (March 31, 2006)
D.R. Horton, Inc.'s Board of Directors, following the Compensation Committee's recommendation, approved discretionary semi-annual bonuses for three executive officers for the six months ending March 31, 2006. The officers receiving bonuses are Samuel R. Fuller ($150,000), Bill W. Wheat ($175,000), and Stacey H. Dwyer ($175,000). These individuals are not expected to be named executive officers at the end of the 2006 fiscal year. No changes were made to the bonus plans for named executive officers previously disclosed.
Exhibit 10.1
Summary of Bonus Payments to Certain Executive Officers
For the six-month period ended March 31, 2006, the Board of Directors of D.R. Horton, Inc. (the “Company”), on recommendation of the Compensation Committee, approved semi-annual discretionary bonuses to the executive officers listed below consistent with past practices. None of the executive officers set forth below are expected to be “named executive officers” (as defined in Item 402(a)(3) of Regulation S-K) of the Company at the end of the Company’s 2006 fiscal year ending on September 30, 2006. There have been no changes to the bonus plans of the named executive officers as previously approved by the Compensation Committee and as previously filed with the Securities and Exchange Commission.
| Discretionary Bonus | ||||||||
| for the six-month | ||||||||
| period ended | ||||||||
| Name | Office | March 31, 2006 | ||||||
Samuel R. Fuller | Senior Executive Vice President | $ | 150,000 | |||||
Bill W. Wheat | Executive Vice President & CFO | $ | 175,000 | |||||
| and Director | ||||||||
Stacey H. Dwyer | Executive Vice President & | $ | 175,000 | |||||
| Treasurer | ||||||||
