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Posted 28 November, 2023

Forestar Group Inc. appointed Anthony W. Oxley as new CEO

NYSE:FOR appointed new Chief Executive Officer Anthony W. Oxley in a 8-K filed on 28 November, 2023.


  On November 27, 2023, the Board of Directors appointed Anthony W. Oxley, age 59, as President and Chief Executive Officer, effective January 1, 2024.  

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Overview of Forestar Group Inc.
Real Estate/Construction • Real Estate Developers
Forestar Group Inc. is a residential lot development company, which engages in the provision of real estate business. The firm focuses on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders. The company was founded in 2007 and is headquartered in Arlington, TX.
Market Cap
$1.74B
View Company Details
Forestar Group Inc. by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. 


On November 28, 2023, Forestar Group Inc. ("the Company") announced the upcoming retirement of Daniel C. Bartok, President and Chief Executive Officer, effective January 1, 2024. On November 27, 2023, the Board of Directors appointed Anthony W. Oxley, age 59, as President and Chief Executive Officer, effective January 1, 2024. Mr. Oxley will serve as the Company's Principal Executive Officer. 

Mr. Oxley will join the Company from D.R. Horton, Inc. ("D.R. Horton"), where he currently serves as Senior Vice President - Business Development. Mr. Oxley has held various roles over his 25-year tenure at D.R. Horton and has been active in all aspects of land acquisition, land development, homebuilding and day-to-day division operations. He has served as Division President in several large markets including Atlanta and Nashville, and his corporate responsibilities over the past decade include serving as Regional Operations Manager, National Director of REO Acquisitions and Regional Acquisitions Manager. In Mr. Oxley's current role as D.R. Horton's Senior Vice President - Business Development, he oversees all M&A activity and new market opportunities for start-up divisions, in addition to being integrally involved in D.R. Horton's relationships in strategic land banking and land development. Mr. Oxley is also responsible for D.R. Horton's property, technology and innovation investments. 

Mr. Oxley holds a Bachelor's degree from the University of Northern Iowa and a Juris Doctorate from Emory University. Prior to joining D.R. Horton in 1998, he was a partner in the law firm of Hyatt & Stubblefield, P.C. in Atlanta. 

Mr. Oxley is expected to be a "named executive officer" in the Company's proxy statement for the Company's fiscal year 2024 and will be a Section 16 reporting person. 

Mr. Oxley does not have a family relationship with any of the Company's officers or directors and has no direct or indirect interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. 

The Compensation Committee of the Board of Directors of the Company approved compensation for Mr. Oxley consisting of an annual base salary of $420,000. Additional compensation will be considered for Mr. Oxley by the Compensation Committee of the Board at a later date. The Company intends to enter into its standard officer indemnification agreement with Mr. Oxley, effective January 1, 2024. 

Mr. Bartok is expected to support the Company in a consulting role for an extended period of time. The Compensation Committee of the Board will review compensation for such consulting role in the coming weeks.