---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-001208"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:42:39.992400+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Hovnanian Enterprises amends rights agreement, extends expiration to 2027, sets purchase price at $802

## Summary
- Amendment No. 3 entered Jan 11, 2024 modifies the 2008 Rights Agreement.
- Each right represents purchase of 1/10,000th share of Series B Junior Preferred Stock at $802.00.
- Final Expiration Date extended to Aug 14, 2027 (or Aug 14, 2025 if stockholders do not approve amendment).
- Amendment No. 3 adjusts purchase price based on Class A Common Stock trading price since 2021.
- Rights Agreement acts as a poison pill to deter hostile takeovers.

## SEC filing metadata
- accession: 0001437749-24-001208
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357294/000143774924001208/0001437749-24-001208-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000143774924001208/hov20240110_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-001208
- JSON: https://secwatch.observer/filing/0001437749-24-001208.json
- Plain text: https://secwatch.observer/filing/0001437749-24-001208.txt

## Key facts
- Material Agreements
  HOVNANIAN ENTERPRISES INC amended Amendment No. 3 to the Rights Agreement with Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent (effective 2024-01-11).
  - Action: amendment
  - Counterparty: Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent
  - Effective: 2024-01-11
  source text: On January 11, 2024, Hovnanian Enterprises, Inc. (the “ Company ”) entered into Amendment No. 3 to the Rights Agreement (the “ Amendment ”), which amends the Rights Agreement, dated as of August 14, 2008 (the “ Rights Agreement ”), between the Company and Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent, as amended by Amendment No. 1, dated January 11, 2018 (“ Amendment No. 1 ”), and Amendment No. 2, dated January 18, 2021 (“ Amendment No. 2 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/357294/000143774924001208/0001437749-24-001208-index.htm

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