NVR appoints Paul Saville Executive Chairman, Eugene Bredow as CEO; grants options to officers

NVR INC

Paul C. Saville elected to Board and appointed Executive Chairman; Eugene J. Bredow named President and CEO effective May 4, 2022.
Bredow's base salary set at $800,000; eligible for annual incentive plan maximum payout equal to 100% of base salary.
Option grants: Saville 27,500, Bredow 12,700, Malzahn 9,050, Kelpy 2,000 at $4,475.53/sh; time and performance vesting through 2027.
All directors re-elected at Annual Meeting; David A. Preiser received ~19% against votes (556,605 of 2,936,615 cast).
Shareholders ratified KPMG as auditor (2,999,330 for, 207,273 against) and approved say-on-pay (2,816,481 for, 100,870 against).

item 5.02 item 5.07 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Eugene J. Bredow

President and Chief Executive Officer

NVR · NVR INC

Effective: 2022-05-04
Filed: May 6, 2022, 7:59 PM ET

the Board appointed Eugene J. Bredow, who previously served as President of NVR Mortgage Finance, Inc. ("NVR Mortgage"), to succeed Mr. Saville as NVR's President and Chief Executive Officer

Role change

Paul C. Saville

Executive Chairman

NVR · NVR INC

Effective: 2022-05-04
Successor: Eugene J. Bredow
Filed: May 6, 2022, 7:59 PM ET

Paul C. Saville was elected to the Board of Directors of NVR (the "Board") at NVR's Annual Meeting of Shareholders, and was appointed by the Board to serve as the Executive Chairman of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Eugene J. Bredow was appointed as President and Chief Executive Officer at NVR INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board appointed Eugene J. Bredow, who previously served as President of NVR Mortgage Finance, Inc. ("NVR Mortgage"), to succeed Mr. Saville as NVR's President and Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul C. Saville was appointed as Executive Chairman at NVR INC.

Action: appointed
Role: Executive Chairman

Exact text from the filing

Paul C. Saville was elected to the Board of Directors of NVR (the "Board") at NVR's Annual Meeting of Shareholders, and was appointed by the Board to serve as the Executive Chairman of the Board

View on SEC.gov

NVR INC filing history →

Source: SEC EDGAR

accession 0000906163-22-000041

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