8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 14, 2011

TOLL BROTHERS, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-09186	23-2416878
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

250 Gibraltar Road Horsham, PA	19044
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (215) 938-8000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 15, 2011, Toll Brothers, Inc. (the “Company”) issued a press release announcing the appointment of Richard T. Hartman, currently Regional President, to the positions of Executive Vice President and Chief Operating Officer of the Company, effective January 1, 2012. Mr. Hartman, age 54, joined the Company in 1980 and served in various positions at the Company, including as Regional President since 2005.

Mr. Hartman will be succeeding Zvi Barzilay, who will be retiring from his position as President and Chief Operating Officer and stepping down from the Company’s board of directors effective December 31, 2011. In connection with his retirement, Mr. Barzilay will receive the benefits and payments to which he is entitled upon retirement in accordance with the Company’s existing benefit plans and policies, which have been previously disclosed in the Company’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on February 1, 2011, and other customary benefits.

A copy of the Company’s press release announcing Mr. Hartman’s appointment and Mr. Barzilay’s retirement is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

d) Exhibits

99.1 Press Release dated November 15, 2011.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TOLL BROTHERS, INC. (Registrant)
By:	Joseph R. Sicree
	Name:	Joseph R. Sicree
	Title:	Senior Vice President, Chief Accounting Officer

Date: November 15, 2011

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EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE
November 15, 2011 CONTACT: Frederick N. Cooper, IR/Financial Media
fcooper@tollbrothersinc.com (215) 938-8312
Kira Sterling, General Media
ksterling@tollbrothersinc.com (215) 938-8220

TOLL BROTHERS ANNOUNCES RETIREMENT OF ZVI BARZILAY AND
PROMOTION OF RICHARD T. HARTMAN TO CHIEF OPERATING OFFICER

Horsham, PA, November 15, 2011 — Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today announced the retirement of Zvi Barzilay, 65, the Company’s chief operating officer and president, effective December 31, 2011. He will be succeeded by Richard T. Hartman, who will serve as chief operating officer and executive vice president, effective January 1, 2012. Hartman, 54, currently a regional president, joined Toll Brothers in 1980.

Douglas C. Yearley, Jr., Toll Brothers’ chief executive officer, stated: “We greatly appreciate Zvi Barzilay for his three decades of service to the Company. He has been a key member of our senior management team for many years.

“Rick Hartman is a 31-year veteran of the Company and a home-grown leader. His promotion into the role of chief operating officer completes a management transition plan that we began to formulate several years ago. He has proven his management capabilities through overseeing a wide variety of operating divisions, product lines, and ancillary businesses. Few at Toll Brothers know the Company as well, are as admired by so many within the firm, or have played such a major role in its growth. Rick’s combination of skills and experience will be invaluable as we position the Company for the future.”

Robert I. Toll, executive chairman of Toll Brothers, stated: “I join Doug in thanking Zvi for his tremendous service to the Company. We appreciate his wise counsel, his special talents, and his many contributions to building our unique company.

“We are very excited that Rick will be bringing his great leadership skills and knowledge of the industry to help build the Company’s future. Rick joins Doug Yearley and our chief financial officer, Marty Connor, as the day-to-day leadership team to take Toll Brothers forward as the Company, with its tremendous financial and brand strength, emerges from this challenging period in our industry.”

Toll Brothers, Inc. is the nation’s leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, and Virginia.

*more*

Toll Brothers builds an array of luxury residential communities, principally on land it develops and improves: single-family detached and attached home communities, master planned resort-style golf communities, and urban low-, mid- and high-rise communities. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, house component assembly, and manufacturing operations. The Company acquires and develops commercial properties through Toll Commercial and its affiliate, Toll Brothers Realty Trust, and purchases large distressed real estate portfolios through its wholly owned subsidiary, Gibraltar Capital and Asset Management.

Toll Brothers is honored to have won the three most coveted awards in the homebuilding industry: America’s Best Builder from the National Association of Home Builders, the National Housing Quality Award, and Builder of the Year. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information, visit www.tollbrothers.com.

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