DHI: Leadership change

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective October 22, 2026, the Company’s Board of Directors (the “Board”) appointed Carl E. Reichardt, Jr. to the Board as an independent director. With the appointment of Mr. Reichardt, the Board has expanded to nine directors, seven of whom are independent. The Board will consider potential committee appointments for Mr. Reichardt following the Company’s Annual Meeting of Stockholders to be held on January 14, 2027. Mr. Reichardt, age 61, most recently served as a Partner of BTIG, LLC (“BTIG”), from 2024 until his retirement in 2025, after serving as a Managing Director of BTIG from 2016 to 2023. Prior to joining BTIG, Mr. Reichardt served as Chief Investment Officer of Hacienda Capital Partners LLC from 2012 to 2016. From 2003 to 2011, Mr. Reichardt served as Director and Managing Director at Wells Fargo Securities. From 1993 to 2003, Mr. Reichardt served in positions of increasing responsibility including as Principal at Banc of America Securities. Mr. Reichardt received a Bachelor of Arts degree from Georgetown University and a Master of Business Administration degree from Stanford University. In connection with his appointment, Mr. Reichardt will receive annual cash fees of $80,000, payable in quarterly installments of $20,000, and an annual restricted stock unit award with a grant date value of $235,000, which will vest on the first anniversary of the date of grant. Mr. Reichardt was also granted a one-time new director restricted stock unit award with a grant date value of $250,000, which will vest in five equal annual installments beginning on the first anniversary of the date of grant. There is no arrang