D.R. Horton, Inc. Names Michael Hewatt as New Independent Director

August 10, 2005

FORT WORTH, Texas, Aug. 10 /PRNewswire-FirstCall/ -- D.R. Horton, Inc. (NYSE: DHI), America's Builder, Wednesday (August 10, 2005), announced that Michael W. Hewatt has joined its Board of Directors as an independent director effective August 9, 2005. Mr. Hewatt has also been appointed as a member of the Audit Committee and the Nominating and Governance Committee.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO )

Mr. Hewatt is the owner of Hewatt & Associates, CPAs, an auditing and tax services firm. He received his B.B.A. in accounting from Texas Christian University in 1971 and has been a certified public accountant since 1973. Mr. Hewatt is also a member of the American Institute of Certified Public Accountants (AICPA), the AICPA's Peer Review Program, former member of the board of directors of the Texas Society of Certified Public Accountants and former President of the Texas Society of Certified Public Accountants - Fort Worth Chapter.

Donald R. Horton, Chairman of the Board, said, "We are pleased to welcome Mike to our Board of Directors. The Company will benefit from his audit experience and strong financial background. Mike strengthens the composition of our board which now includes five independent directors and three members of management."

D.R. Horton, Inc., America's Builder, is the largest homebuilder in the United States, delivering more than 43,000 homes in its fiscal year ended September 30, 2004. Founded in 1978 in Fort Worth, Texas, D.R. Horton has expanded its presence to include 71 markets in 23 states in the Midwest, Mid- Atlantic, Southeast, Southwest and Western regions of the United States. The Company is engaged in the construction and sale of high quality homes with sales prices ranging from $80,000 to over $900,000. D.R. Horton also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.


SOURCE D.R. Horton, Inc.

Stacey Dwyer, EVP of D.R. Horton, Inc., +1-817-390-8200
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding D.R. Horton's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

Receive Email Alerts