Hovnanian Enterprises Files 2025 Proxy Statement

Ticker: HOVVB · Form: DEF 14A · Filed: Feb 7, 2025 · CIK: 357294

Sentiment: neutral

Topics: proxy-statement, governance, annual-meeting

Related Tickers: HOV

TL;DR

HOV proxy filed. Vote your shares!

AI Summary

Hovnanian Enterprises Inc. filed its definitive proxy statement on February 7, 2025, for its annual meeting on March 27, 2025. The filing, a DEF 14A, outlines the company's governance and executive compensation details for the fiscal year ending October 31, 2024. No fee was required for this filing.

Why It Matters

This filing provides shareholders with crucial information regarding company leadership, voting matters, and executive compensation, enabling informed participation in corporate governance decisions.

Risk Assessment

Risk Level: low — This is a routine annual proxy filing with no immediate market-moving events or unusual disclosures.

Key Players & Entities

FAQ

What is the purpose of this DEF 14A filing?

The purpose of this DEF 14A filing is to provide shareholders with information regarding the company's annual meeting, including details on director nominations, executive compensation, and other corporate governance matters.

When is the company's annual meeting scheduled?

The company's annual meeting is scheduled for March 27, 2025, as indicated by the 'CONFORMED PERIOD OF REPORT: 20250327'.

Who is the filer of this proxy statement?

The filer of this proxy statement is Hovnanian Enterprises, Inc., as stated in the 'FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOVNANIAN ENTERPRISES INC'.

What is the company's fiscal year end?

The company's fiscal year ends on October 31, as indicated by 'FISCAL YEAR END: 1031'.

Was there a fee required for this filing?

No fee was required for this filing, as indicated by 'Payment of Filing Fee (Check all boxes that apply): ☒ No fee required.'

Filing Stats: 4,828 words · 19 min read · ~16 pages · Grade level 12.1 · Accepted 2025-02-07 16:32:21

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 110 110 Summary Compensation Table 114 Grants Of Plan-Based Awards in Fiscal 2024 116 Outstanding Equity Awards at Fiscal 2024 Year-End 122 Option Exercises & Stock Vested in Fiscal 2024 124 Nonqualified Deferred Compensation for Fiscal 2024 128 Potential Payments Upon Termination or Change-In-Control 134 Pay Ratio Disclosure 136 Pay Versus Performance 141 Non-Employee Director Compensation 14 TABLE of CONTENTS 144 The Audit Committee 147 The Audit Committee Report 149 Fees Paid to Principal Accountant 150 Principal Accountant Independence 150 Corporate Governance 152 Board Oversight of Risk Management 154 Environmental, Social & Governance (ESG) Practices 160 Leadership Structure 160 Certain Relationships & Related Transactions 164 Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to be Held on March 27, 2025 165 General 167 Shareholder Proposals for the 2026 Annual Meeting 15 GENERAL PROXY STATEMENT GENERAL HOVNANIAN ENTERPRISES, INC. 90 Matawan Road, Fifth Floor, Matawan, N.J. 07747 The accompanying proxy is solicited on behalf of the Board of Directors (the "Board") of Hovnanian Enterprises, Inc. (the "Company", "we", "us" or "our") for use at the 2025 Annual Meeting of Shareholders (the "2025 Annual Meeting") referred to in the foregoing Notice and at any adjournment thereof. Shares represented by properly executed proxies that are received or executed in time and not revoked will be voted in accordance with the specifications provided thereon. If no specifications are made in an executed proxy, the persons named in the accompanying proxy card(s) will vote the shares represented by such proxies (1) for the Board of Directors' slate of directors, (2) for the ratification of the selection of Deloitte & Touche LLP, an independent registered public accounting firm, to examine the financial statements of the Company for

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