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Forestar Group Inc (FOR.N)

FOR.N on New York Stock Exchange

22.10USD
20 Jul 2018
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Summary

Name Age Since Current Position

Donald Tomnitz

69 2017 Executive Chairman of the Board

Daniel Bartok

61 2017 Chief Executive Officer

Charles Jehl

49 2017 Chief Financial Officer, Principal Accounting Officer

Michael Quinley

55 2015 President – Community Development

Samuel Fuller

74 2017 Independent Director

Ashton Hudson

45 2016 Independent Director

G. F. Ringler

71 2017 Independent Director

Donald Spitzer

68 2017 Independent Director

Biographies

Name Description

Donald Tomnitz

Mr. Donald J. Tomnitz is Executive Chairman of the Board of the Company. He has served as our Executive Chairman of the Board since October 2017 and was appointed in connection with the Merger with D.R. Horton. Prior to joining Forestar, Mr. Tomnitz was a consultant to D.R. Horton from October 2014 to September 2017. From November 1998 to September 2014, Mr. Tomnitz was the Vice Chairman and Chief Executive Officer of D.R. Horton. From 1996 to 1998, Mr. Tomnitz was President of D.R. Horton’s Homebuilding Division. In 1998, he was elected an Executive Vice President of D.R. Horton and in 2000, he became President of D.R. Horton as well. Before joining D.R. Horton, Mr. Tomnitz was a Captain in the U.S. Army, a Vice President of RepublicBank of Dallas, N.A., and a Vice President of Crow Development Company, a Trammell Crow Company. Mr. Tomnitz holds a Bachelor of Arts in Economics from Westminster College and a Masters of Business Administration in Finance from Western Illinois University. Mr. Tomnitz has significant knowledge and experience in the real estate development and homebuilding industries, including public company chief executive officer experience.

Daniel Bartok

Mr. Daniel Bartok has been appointed Chief Executive Officer of the Company effective December 29, 2017. has served as our Chief Executive Officer since December 2017. Prior to joining Forestar, he served as Executive Vice President of Wells Fargo Bank as head of its Owned Real Estate Group from 2008 to 2017. Prior to joining Wells Fargo, he was President of Clarion Realty, Inc. a real estate development company operating across multiple states, with an emphasis on residential land development and homebuilding. Mr. Bartok holds a Bachelor of Sciences degree in Accountancy from the University of Illinois and began his career at Price Waterhouse.

Charles Jehl

Mr. Charles D. Jehl is Chief Financial Officer, Principal Accounting Officer of the Company. He has served as our Chief Financial Officer and Treasurer since September 2015. He previously served as our Executive Vice President - Oil and Gas from February 2015 to September 2015, as Executive Vice President - Oil and Gas Business Administration from June 2013 to February 2015, and as Chief Accounting Officer from 2006 to June 2013. Mr. Jehl served as Chief Operations Officer and Chief Financial Officer of Guaranty Insurance Services, Inc. from 2005 to 2006, and as Senior Vice President and Controller from 2000 to 2005. From 1989 to 1999, Mr. Jehl held various financial management positions within Temple-Inland’s financial services segment. Mr. Jehl holds a Bachelor of Arts Degree in Accounting from Concordia Lutheran College and is also a Certified Public Accountant.

Michael Quinley

Mr. Michael Quinley was President – Community Development of the Company. He previously served as our Executive Vice President - Real Estate, East Region from 2011 to September 2015, as Executive Vice President - Eastern Region Real Estate Investments & Development from 2010 to 2011, and as Executive Vice President - Eastern Region Developments & Investments from 2008 to 2010. He has more than 30 years of prior real estate experience, including as CEO of Patrick Malloy Communities, as Senior Executive Vice President of Cousins Properties Incorporated and as Senior Vice President and CFO of Peachtree Corners Inc., all based in Atlanta.

Samuel Fuller

Mr. Samuel R. Fuller is Independent Director of the company. has been retired since 2008, having obtained significant experience in accounting and financial roles through his employment with D.R. Horton from 1992 until his retirement. He served as Controller of D.R. Horton from 1995 until his promotion to Chief Financial Officer in 2000 and was a member of the Board of Directors from 2000 until 2003. Mr. Fuller has served on the Board of Directors of Forestar since October 2017. Mr. Fuller holds a Bachelor of Arts degree in Accounting from the University of Oregon and a Masters of Business Administration in Finance from the University of Texas at Arlington. Mr. Fuller has significant knowledge and experience in accounting, finance and internal control over financial reporting in a public company environment.

Ashton Hudson

Mr. Ashton Hudson is Independent Director of the Company. He is President and General Counsel of Rock Creek Capital Group, Inc., an alternative asset manager with significant land holdings throughout the southeast, and has been a partner and member of the Rock Creek Investment Committee since 2002. Previously, Mr. Hudson practiced law with the firm of Parker, Hudson, Rainer & Dobbs LLP, where his legal practice was primarily focused on corporate finance, mergers and acquisitions, and general corporate law. He is a former owner and manager of Timbervest, LLC, one of the first timber investment management organizations (TIMO). Mr. Hudson holds a Bachelor of Business Administration from Wake Forest and a Juris Doctorate from the Wake Forest School of Law. Mr. Hudson has significant knowledge and experience regarding land markets and investments, including real estate development.

G. F. Ringler

Mr. G. F. (Rick) Ringler, III is Independent Director of the company. He has provided real estate and financial consulting to various former customers since his retirement from commercial banking in 2012. From 2006 to 2012 he served as Senior Vice President – Commercial and Real Estate Lending for Frost Bank. He previously served on the Board of Directors of First National Bank of Burleson and Landmark Bank of Fort Worth where he also had real estate lending responsibilities there, as well as three others since 1968. Mr. Ringler has served on the Board of Directors of Forestar since October 2017. Mr. Ringler holds a Bachelor of Business Administration in Finance from Texas Christian University. Mr. Ringler has significant experience in commercial and residential real estate construction and development financing.

Donald Spitzer

Mr. Donald C. Spitzer is Independent Director of the company. He has served as Chief Financial Officer for a family business with a variety of business and investment interests since October 2014. Mr. Spitzer is a licensed Certified Public Accountant and gained significant audit experience working at KPMG, an international public accounting firm, for 39 years. He served as a National Managing Partner and Partner-in-Charge of KPMG for many years as well as serving on the KPMG Board of Directors from 1997 until 2004. Mr. Spitzer has served on the Board of Directors of Forestar since October 2017. Mr. Spitzer has served as a member of the Board of Directors of AirBorn, Inc., a privately-held manufacturer of electronic components, since 2014 where he serves on the AirBorn Audit and Compensation Committees. Mr. Spitzer holds a Bachelor of Business Administration in Accounting from Baylor University. Mr. Spitzer is an expert in accounting and financial reporting, including internal control over financial reporting.

Basic Compensation

Name Fiscal Year Total

Donald Tomnitz

366,777

Daniel Bartok

1,154

Charles Jehl

778,557

Michael Quinley

657,003

Samuel Fuller

114,975

Ashton Hudson

269,334

G. F. Ringler

114,975

Donald Spitzer

114,975
As Of  31 Dec 2017