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Toll Brothers Inc (TOL.N)

TOL.N on New York Stock Exchange

37.11USD
22 Jun 2018
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Summary

Name Age Since Current Position

Robert Toll

77 2010 Executive Chairman of the Board

Richard Hartman

60 2013 President, Chief Operating Officer

Douglas Yearley

57 2010 Chief Executive Officer, Director

Martin Connor

53 2014 Chief Financial Officer, Senior Vice President

Michael Grubb

54 2018 Chief Accounting Officer

Edward Boehne

77 2011 Lead Independent Director

Wendell Pritchett

2018 Director

Richard Braemer

76 1986 Independent Director

Christine Garvey

72 2009 Independent Director

Carl Marbach

76 1991 Independent Director

John McLean

48 2016 Independent Director

Stephen Novick

77 2003 Independent Director

Paul Shapiro

76 1993 Independent Director

Biographies

Name Description

Robert Toll

Mr. Robert I. Toll is Executive Chairman of the Board of Toll Brothers, Inc. He founded our predecessor’s operations in 1967. He has been a member of our Board since our inception in May 1986. He served as Chairman of the Board and Chief Executive Officer from our inception until June 2010, when he assumed the position of Executive Chairman of the Board. He brings to the Board his dynamic entrepreneurial and leadership experience as a founder, Chairman of the Board, Chief Executive Officer and, currently, Executive Chairman of the Company, and has established the Company as the country’s leading luxury home builder.

Richard Hartman

Mr. Richard T. Hartman is President, Chief Operating Officer of Toll Brothers, Inc. He joined the company in 1980 and served in various positions with us, including Regional President from 2005 through 2011. He was appointed to the positions of Executive Vice President and Chief Operating Officer effective January 1, 2012. In December 2012, Mr. Hartman was appointed to the position of President effective January 1, 2013.

Douglas Yearley

Mr. Douglas C. Yearley, Jr. is Chief Executive Officer and Director of Toll Brothers, Inc. Mr. Yearley has been a member of our Board since June 2010. He joined us in 1990, specializing in land acquisitions from financial institutions. He has been an officer since 1994, holding the position of Senior Vice President from January 2002 until November 2005, and the position of Regional President from November 2005 until November 2009, when he was promoted to Executive Vice President. Since June 2010, he has been our Chief Executive Officer. Prior to joining us, Mr. Yearley practiced law in New Jersey as a commercial litigator. He brings to the Board a deep understanding of our industry and our business as a result of the significant operational roles in which he has served over the 25 years he has been with the Company, his managerial and leadership experience, and his legal background.

Martin Connor

Mr. Martin P. Connor is Senior Vice President, Chief Financial Officer of Toll Brothers, Inc. Mr. Connor joined the company as Vice President and Assistant Chief Financial Officer in December 2008 and was appointed a Senior Vice President in December 2009. Mr. Connor was appointed to his current position of Senior Vice President and Chief Financial Officer in September 2010. From June 2008 to December 2008, Mr. Connor was President of Marcon Advisors LLC, a finance and accounting consulting firm that he founded. From October 2006 to June 2008, Mr. Connor was Chief Financial Officer and Director of Operations for O’Neill Properties, a diversified commercial real estate developer in the Mid-Atlantic area. Prior to October 2006, he spent over 20 years at Ernst & Young LLP as an Audit and Advisory Business Services Partner, responsible for the real estate practice for Ernst & Young LLP in the Philadelphia marketplace. During the period from 1998 to 2005, he served on the Toll Brothers, Inc. engagement.

Michael Grubb

Mr. Michael J. Grubb is appointed as Chief Accounting Officer of the company effective January 26, 2018. Mr. Grubb will continue to hold his current position of Senior Vice President. Mr. Grubb joined the Company as Assistant Vice President – Accounting in July 2003 and was named Vice President in January 2006 and Senior Vice President in January 2018. Prior to joining the Company, Mr. Grubb served as First Vice President of Bank One Corporation and was an Audit Senior Manager at Ernst & Young LLP. Mr. Grubb is a Certified Public Accountant and holds a B.S. in Accounting from Drexel University.

Edward Boehne

Mr. Edward G. Boehne is Lead Independent Director of Toll Brothers Inc. He has been a member of our Board since July 2000 and our Lead Independent Director since March 2011. He is the Chair of the Nominating and Corporate Governance Committee and a member of the Audit and Risk Committee. From 1981 until his retirement in May 2000, Mr. Boehne was the President of the Federal Reserve Bank of Philadelphia. Mr. Boehne is a member of the board of directors of Beneficial Bancorp, Inc. and its subsidiary, Beneficial Bank. Mr. Boehne is also a member of the board of directors of, and Senior Economic Advisor to, the Haverford Trust Company. He brings to the Board his reputation and accomplishments as a leader and expert in the Federal bank regulatory field, as well as his current and past service in various board and advisory positions with high profile companies in the banking and insurance industries.

Wendell Pritchett

Dr. Wendell Pritchett is Director of the Company. Dr. Pritchett has also had a distinguished career outside of academia. In 2018, he was appointed Chairman of the Nominating Panel of the Philadelphia School Board by Philadelphia Mayor James Kenney. In 2008, he served as Deputy Chief of Staff and Director of Policy for Philadelphia Mayor Michael Nutter, who also appointed him to the School Reform Commission, where he served from 2011 to 2014. Dr. Pritchett served as Chair of the Redevelopment Authority of Philadelphia and as President of the Philadelphia Housing Development Corporation from 2008 to 2011. Dr. Pritchett is a member of the board of directors of WHYY and the Stoneleigh Foundation. Dr. Pritchett earned his Ph.D. in history from Penn in 1997, a J.D. from Yale Law School in 1991 and a B.A. in political science from Brown University in 1986.

Richard Braemer

Mr. Richard J. Braemer is an Independent Director of Toll Brothers Inc. He has been a member of our Board since September 1986. He is the Chair of the Public Debt and Equity Securities Committee. He is senior counsel at the law firm of Ballard Spahr LLP, where he was a partner from 1994 through 2008. Mr. Braemer is a director and past Chairman of the Board of Directors of the Albert Einstein Healthcare Network, a Philadelphia-based, non-profit healthcare network. In addition to his professional skills as an attorney practicing primarily in the field of mergers and acquisitions, including real estate transactions, he brings to the Board the experience gained both as a former board member and audit committee chair of a public company and as an advisor to boards, board committees, and independent directors of publicly and privately held corporations.

Christine Garvey

Ms. Christine N. Garvey is an Independent Director of Toll Brothers Inc. She has been a member of our Board since September 2009. She is a member of the Audit and Risk Committee and the Public Debt and Equity Securities Committee. Ms. Garvey was the Global Head of Corporate Real Estate Services at Deutsche Bank AG from 2001 to 2004. Prior to that, she served as Vice President of Worldwide Real Estate and Workplace Resources at Cisco Systems, Inc. and as Group Executive Vice President at Bank of America. Ms. Garvey has been a member of the board of directors of HCP, Inc. since 2007. She previously served on the boards of directors of ProLogis through May 2017 and Hilton Hotels Corporation through October 2007. Ms. Garvey brings to the Board her extensive knowledge of and background in real estate and banking and her experience in executive leadership positions and board memberships with various public entities in the national real estate market.

Carl Marbach

Mr. Carl B. Marbach is an Independent Director of Toll Brothers, Inc. He has been a member of our Board since December 1991. He is the Chair of the Executive Compensation Committee and a member of the Audit and Risk Committee and the Public Debt and Equity Securities Committee. Since January 2004, Mr. Marbach has been President of Greater Marbach Airlines, Inc., a company that provides aviation and consulting services. From January 1995 to January 2004, Mr. Marbach was President of Internetwork Publishing Corp., an electronic publisher, which he founded. He brings to the Board his expertise in the field of information technology, as well as his entrepreneurial experiences in building businesses in that and other industries.

John McLean

Mr. John A. McLean is an Independent Director of the Company. He has been a member of our Board since March 2016. He is a member of the Nominating and Corporate Governance Committee. Mr. McLean is the Chief Executive Officer and Distribution Principal for Hartford Funds Distributors, a subsidiary of Hartford Funds, a position he has held since January 2013. From April 2009 to May 2012, he was the Head of U.S. Retail and Offshore Sales at Eaton Vance Investment Managers. Prior to that time, Mr. McLean held positions of increasing responsibility at MFS Fund Distributors. He serves on the Board of Trustees of Gateway to Leadership. Mr. McLean brings to the Board his expertise in building and leading high performance sales and marketing organizations and his strategic and tactical leadership skills.

Stephen Novick

Mr. Stephen A. Novick is an Independent Director of Toll Brothers, Inc. Mr. Novick has been a member of our Board since January 2003. He is a member of the Executive Compensation and the Nominating and Corporate Governance Committees. Mr. Novick serves as Senior Advisor to Chasbro Investments. Until December 2006, Mr. Novick was a consultant to Grey Global Group, a marketing communications company. From 1990 until his retirement in December 2004, Mr. Novick was Chief Creative Officer-Worldwide, and from April 2000 to December 2004 was Vice Chairman, of Grey Global Group. Mr. Novick is also a member of the board of directors of Ark Restaurant Corp. In April 2015, he was elected to the Board of Trustees of The Julliard School. In addition to the experience gained in his roles in the corporate and non-profit sectors, he brings to the Board his creative skills, leadership, and expertise in the field of marketing communications.

Paul Shapiro

Mr. Paul E. Shapiro is an Independent Director of Toll Brothers, Inc. He has been a member of our Board since December 1993. He is the Chair of the Audit and Risk Committee and a member of the Executive Compensation Committee. Since June 2004, Mr. Shapiro has been Chairman of the Board of Q Capital Holdings LLC, and he is Chairman of the Board of its two operating companies that are in the life settlement business. From January 2004 to June 2004, Mr. Shapiro was Senior Vice President of MacAndrews & Forbes Holdings, Inc., a private holding company of operating businesses. From June 2001 to December 2003, Mr. Shapiro was Executive Vice President and Chief Administrative Officer of Revlon Inc. Prior thereto, Mr. Shapiro practiced corporate and securities law as a managing shareholder of the Palm Beach County office of Greenberg Traurig LLP and was a partner in Wolf, Block, Schorr and Solis-Cohen. He brings to the Board his extensive business experience in executive positions with various nationally known companies, which he has served in a wide variety of capacities that have drawn upon his legal and entrepreneurial skills, including those in the areas of corporate governance and the regulatory corporate environment.

Basic Compensation

Name Fiscal Year Total

Robert Toll

5,782,510

Richard Hartman

3,941,080

Douglas Yearley

9,855,400

Martin Connor

3,529,180

Michael Grubb

--

Edward Boehne

236,170

Wendell Pritchett

--

Richard Braemer

191,157

Christine Garvey

199,527

Carl Marbach

236,124

John McLean

154,161

Stephen Novick

216,170

Paul Shapiro

226,170
As Of  31 Oct 2017

Options Compensation