secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0000906163-22-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Founder Schar to retire; Saville becomes Executive Chairman, Bredow named CEO at NVR
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- Dwight C. Schar, founder and Chairman, will retire effective May 4, 2022, end of his term.
- Paul C. Saville, current CEO, to be elected to Board and become Executive Chairman on May 4.
- Eugene J. Bredow, President of NVR Mortgage, appointed President and CEO effective May 4.
- Manuel H. Johnson and William A. Moran also retiring from Board at annual meeting.
- Saville was CEO since 2005; Bredow has been with NVR since 2004 and led NVR Mortgage since 2019.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616322000020/0000906163-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616322000020/nvr-20220322.htm
  HTML page:      https://secwatch.observer/filing/0000906163-22-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer