secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000906163-22-000041
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616322000041/0000906163-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616322000041/nvr-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000906163-22-000041

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