---
schema_version: "secwatch.filing_event.v1"
accession: "0000906163-22-000041"
form_type: "8-K"
ticker: "NVR"
cik: "0000906163"
company_name: "NVR INC"
filed_at: "2022-05-06T23:59:59+00:00"
generated_at: "2026-06-25T23:13:07.633415+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000906163-22-000041
- form_type: 8-K
- ticker: NVR
- cik: 0000906163
- company_name: NVR INC
- filed_at: 2022-05-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906163/000090616322000041/0000906163-22-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906163/000090616322000041/nvr-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000906163-22-000041
- JSON: https://secwatch.observer/filing/0000906163-22-000041.json
- Plain text: https://secwatch.observer/filing/0000906163-22-000041.txt

## Key facts
- Executive change
  Eugene J. Bredow was appointed as President and Chief Executive Officer at NVR INC.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/906163/000090616322000041/0000906163-22-000041-index.htm
- Executive change
  Paul C. Saville was appointed as Executive Chairman at NVR INC.
  - Action: appointed
  - Role: Executive Chairman
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/906163/000090616322000041/0000906163-22-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.