Hovnanian sets $750K base salary for new President and COO; LTIP multiple at 1.25x

HOVNANIAN ENTERPRISES INC

Alexander Hovnanian (President) and Michael Wyatt (COO) each receive $750,000 base salary effective Nov 1, 2025.
Target multiple of 1.25x base salary for Long-Term Incentive Program awards approved by Compensation Committee.
Both executives remain eligible for future discretionary cash and equity awards from the Compensation Committee.
Appointments were previously disclosed in the Jan 31, 2025 10-Q; compensation details now finalized.

item 5.02

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