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STOCK TITAN

[8-K] NVR, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

NVR, Inc. (NYSE: NVR) filed an 8-K reporting a Board change under Item 5.02. Effective July 1, 2025, the Board appointed Michael J. DeVito as an independent director. His term runs until the 2026 Annual Meeting, after which he is eligible for re-election. Mr. DeVito was also named to the Board’s Compensation Committee.

Consistent with the company’s standard non-employee director program, Mr. DeVito will receive regular cash retainers and, upon appointment, was granted 342 non-qualified stock options under the NVR 2018 Equity Incentive Plan. The options were issued on the company’s customary form previously filed as Exhibit 10.2 (May 14 2018). No other compensatory arrangements were disclosed. A press release announcing the appointment is included as Exhibit 99.1.

  • No other items, financial results or transactions were reported.
  • The filing reiterates that Mr. DeVito meets New York Stock Exchange independence requirements.

NVR, Inc. (NYSE: NVR) ha presentato un 8-K riportando una modifica nel Consiglio di Amministrazione ai sensi del Punto 5.02. A partire dal 1° luglio 2025, il Consiglio ha nominato Michael J. DeVito come direttore indipendente. Il suo mandato durerà fino all'Assemblea Annuale del 2026, dopo la quale potrà essere rieletto. Il sig. DeVito è stato inoltre nominato membro del Comitato per la Remunerazione del Consiglio.

In linea con il programma standard dell'azienda per i direttori non dipendenti, il sig. DeVito riceverà compensi in denaro regolari e, al momento della nomina, gli sono state assegnate 342 opzioni azionarie non qualificate nell'ambito del Piano Incentivi Azionari NVR 2018. Le opzioni sono state emesse secondo il modulo abituale dell'azienda, già depositato come Allegato 10.2 (14 maggio 2018). Non sono stati rivelati altri accordi compensativi. Un comunicato stampa che annuncia la nomina è incluso come Allegato 99.1.

  • Non sono stati riportati altri elementi, risultati finanziari o transazioni.
  • La comunicazione ribadisce che il sig. DeVito soddisfa i requisiti di indipendenza della Borsa di New York.

NVR, Inc. (NYSE: NVR) presentó un 8-K informando un cambio en la Junta Directiva bajo el Punto 5.02. A partir del 1 de julio de 2025, la Junta nombró a Michael J. DeVito como director independiente. Su mandato se extiende hasta la Reunión Anual de 2026, después de la cual podrá ser reelegido. El Sr. DeVito también fue nombrado miembro del Comité de Compensación de la Junta.

De acuerdo con el programa estándar de la empresa para directores no empleados, el Sr. DeVito recibirá honorarios en efectivo regulares y, al ser nombrado, se le otorgaron 342 opciones sobre acciones no calificadas bajo el Plan de Incentivos de Capital NVR 2018. Las opciones se emitieron según el formulario habitual de la empresa presentado anteriormente como Anexo 10.2 (14 de mayo de 2018). No se divulgaron otros acuerdos compensatorios. Un comunicado de prensa anunciando el nombramiento se incluye como Anexo 99.1.

  • No se reportaron otros elementos, resultados financieros o transacciones.
  • La presentación reitera que el Sr. DeVito cumple con los requisitos de independencia de la Bolsa de Nueva York.

NVR, Inc. (NYSE: NVR)� 항목 5.02� 따라 이사� 변경을 보고하는 8-K� 제출했습니다. 2025� 7� 1�부� 이사회는 마이� J. 데비�� 독립 이사� 임명했습니다. 그의 임기� 2026� 연례 총회까지이며, 이후 재선� � 있습니다. 데비� 씨는 또한 이사회의 보상 위원�에도 임명되었습니�.

회사� 표준 비임� 이사 프로그램� 따라 데비� 씨는 정기 현금 수당� 받으�, 임명 � NVR 2018 주식 인센티브 계획� 따라 342개의 비자� 주식 옵션� 부여되었습니다. � 옵션들은 회사� 관례� 양식으로 발행되었으며, 이는 2018� 5� 14일의 부속서 10.2� 이전� 제출� � 있습니다. 다른 보상 관� 합의� 공개되지 않았습니�. 임명 발표 보도자료� 부속서 99.1� 포함되어 있습니다.

  • 다른 항목, 재무 결과 또는 거래� 보고되지 않았습니�.
  • 제출 서류� 데비� 씨가 뉴욕 증권거래소의 독립� 요건� 충족함을 재확인합니다.

NVR, Inc. (NYSE : NVR) a déposé un 8-K signalant un changement au sein du Conseil d'administration selon l'Article 5.02. À compter du 1er juillet 2025, le Conseil a nommé Michael J. DeVito en tant qu'administrateur indépendant. Son mandat court jusqu'à l'Assemblée annuelle de 2026, après quoi il pourra être réélu. M. DeVito a également été nommé au Comité de rémunération du Conseil.

Conformément au programme standard de la société pour les administrateurs non salariés, M. DeVito recevra des honoraires en espèces réguliers et, lors de sa nomination, s'est vu attribuer 342 options d'achat d'actions non qualifiées dans le cadre du Plan d'incitation en actions NVR 2018. Les options ont été émises selon le formulaire habituel de la société, précédemment déposé en Annexe 10.2 (14 mai 2018). Aucun autre arrangement compensatoire n'a été divulgué. Un communiqué de presse annonçant la nomination est inclus en Annexe 99.1.

  • Aucun autre élément, résultat financier ou transaction n'a été rapporté.
  • Le dépôt réaffirme que M. DeVito satisfait aux exigences d'indépendance de la Bourse de New York.

NVR, Inc. (NYSE: NVR) reichte ein 8-K ein, das eine Änderung im Vorstand unter Punkt 5.02 meldet. Mit Wirkung zum 1. Juli 2025 ernannte der Vorstand Michael J. DeVito zum unabhängigen Direktor. Seine Amtszeit läuft bis zur Jahreshauptversammlung 2026, wonach er für eine Wiederwahl infrage kommt. Herr DeVito wurde zudem in den ձüٳܲԲܲܲ des Vorstands berufen.

Im Einklang mit dem Standardprogramm des Unternehmens für nicht angestellte Direktoren erhält Herr DeVito regelmäßige Barvergütungen und wurde bei seiner Ernennung mit 342 nicht qualifizierten Aktienoptionen gemäß dem NVR 2018 Equity Incentive Plan ausgestattet. Die Optionen wurden auf dem üblichen Formular des Unternehmens ausgegeben, das zuvor als Anlage 10.2 (14. Mai 2018) eingereicht wurde. Weitere Vergütungsvereinbarungen wurden nicht offengelegt. Eine Pressemitteilung zur Ernennung ist als Anlage 99.1 beigefügt.

  • Es wurden keine weiteren Punkte, Finanzergebnisse oder Transaktionen gemeldet.
  • Die Einreichung bestätigt erneut, dass Herr DeVito die Unabhängigkeitsanforderungen der New Yorker Börse erfüllt.
Positive
  • Adds an independent director, enhancing Board oversight and meeting NYSE independence criteria.
  • Compensation Committee strengthened, supporting governance best practices.
  • Minimal dilution: only 342 options granted, immaterial to share count.
Negative
  • None.

Insights

TL;DR: Independent director addition modestly improves governance; limited direct financial impact.

NVR’s appointment of Michael J. DeVito strengthens Board independence and refreshes the Compensation Committee without altering capital structure in a material way. The modest grant of 342 stock options aligns interests yet is immaterial relative to NVR’s share count (<0.01%). For investors focused on governance, the move is incrementally positive, signaling continued Board renewal and adherence to NYSE independence standards. However, lacking operational or strategic disclosures, the announcement does not change the company’s near-term earnings outlook or risk profile.

TL;DR: Governance refresh noted; event is neutral for valuation and cash-flow models.

From a portfolio perspective, a single director appointment rarely shifts intrinsic value unless tied to a broader strategy change. The 342-option grant represents negligible dilution, and no incremental expenses were quantified beyond standard director fees. Therefore, the filing is classified as non-impactful for earnings forecasts, credit metrics, or dividend capacity. Nonetheless, continuous Board refreshment can reduce long-term governance risk, a soft positive for ESG-minded investors.

NVR, Inc. (NYSE: NVR) ha presentato un 8-K riportando una modifica nel Consiglio di Amministrazione ai sensi del Punto 5.02. A partire dal 1° luglio 2025, il Consiglio ha nominato Michael J. DeVito come direttore indipendente. Il suo mandato durerà fino all'Assemblea Annuale del 2026, dopo la quale potrà essere rieletto. Il sig. DeVito è stato inoltre nominato membro del Comitato per la Remunerazione del Consiglio.

In linea con il programma standard dell'azienda per i direttori non dipendenti, il sig. DeVito riceverà compensi in denaro regolari e, al momento della nomina, gli sono state assegnate 342 opzioni azionarie non qualificate nell'ambito del Piano Incentivi Azionari NVR 2018. Le opzioni sono state emesse secondo il modulo abituale dell'azienda, già depositato come Allegato 10.2 (14 maggio 2018). Non sono stati rivelati altri accordi compensativi. Un comunicato stampa che annuncia la nomina è incluso come Allegato 99.1.

  • Non sono stati riportati altri elementi, risultati finanziari o transazioni.
  • La comunicazione ribadisce che il sig. DeVito soddisfa i requisiti di indipendenza della Borsa di New York.

NVR, Inc. (NYSE: NVR) presentó un 8-K informando un cambio en la Junta Directiva bajo el Punto 5.02. A partir del 1 de julio de 2025, la Junta nombró a Michael J. DeVito como director independiente. Su mandato se extiende hasta la Reunión Anual de 2026, después de la cual podrá ser reelegido. El Sr. DeVito también fue nombrado miembro del Comité de Compensación de la Junta.

De acuerdo con el programa estándar de la empresa para directores no empleados, el Sr. DeVito recibirá honorarios en efectivo regulares y, al ser nombrado, se le otorgaron 342 opciones sobre acciones no calificadas bajo el Plan de Incentivos de Capital NVR 2018. Las opciones se emitieron según el formulario habitual de la empresa presentado anteriormente como Anexo 10.2 (14 de mayo de 2018). No se divulgaron otros acuerdos compensatorios. Un comunicado de prensa anunciando el nombramiento se incluye como Anexo 99.1.

  • No se reportaron otros elementos, resultados financieros o transacciones.
  • La presentación reitera que el Sr. DeVito cumple con los requisitos de independencia de la Bolsa de Nueva York.

NVR, Inc. (NYSE: NVR)� 항목 5.02� 따라 이사� 변경을 보고하는 8-K� 제출했습니다. 2025� 7� 1�부� 이사회는 마이� J. 데비�� 독립 이사� 임명했습니다. 그의 임기� 2026� 연례 총회까지이며, 이후 재선� � 있습니다. 데비� 씨는 또한 이사회의 보상 위원�에도 임명되었습니�.

회사� 표준 비임� 이사 프로그램� 따라 데비� 씨는 정기 현금 수당� 받으�, 임명 � NVR 2018 주식 인센티브 계획� 따라 342개의 비자� 주식 옵션� 부여되었습니다. � 옵션들은 회사� 관례� 양식으로 발행되었으며, 이는 2018� 5� 14일의 부속서 10.2� 이전� 제출� � 있습니다. 다른 보상 관� 합의� 공개되지 않았습니�. 임명 발표 보도자료� 부속서 99.1� 포함되어 있습니다.

  • 다른 항목, 재무 결과 또는 거래� 보고되지 않았습니�.
  • 제출 서류� 데비� 씨가 뉴욕 증권거래소의 독립� 요건� 충족함을 재확인합니다.

NVR, Inc. (NYSE : NVR) a déposé un 8-K signalant un changement au sein du Conseil d'administration selon l'Article 5.02. À compter du 1er juillet 2025, le Conseil a nommé Michael J. DeVito en tant qu'administrateur indépendant. Son mandat court jusqu'à l'Assemblée annuelle de 2026, après quoi il pourra être réélu. M. DeVito a également été nommé au Comité de rémunération du Conseil.

Conformément au programme standard de la société pour les administrateurs non salariés, M. DeVito recevra des honoraires en espèces réguliers et, lors de sa nomination, s'est vu attribuer 342 options d'achat d'actions non qualifiées dans le cadre du Plan d'incitation en actions NVR 2018. Les options ont été émises selon le formulaire habituel de la société, précédemment déposé en Annexe 10.2 (14 mai 2018). Aucun autre arrangement compensatoire n'a été divulgué. Un communiqué de presse annonçant la nomination est inclus en Annexe 99.1.

  • Aucun autre élément, résultat financier ou transaction n'a été rapporté.
  • Le dépôt réaffirme que M. DeVito satisfait aux exigences d'indépendance de la Bourse de New York.

NVR, Inc. (NYSE: NVR) reichte ein 8-K ein, das eine Änderung im Vorstand unter Punkt 5.02 meldet. Mit Wirkung zum 1. Juli 2025 ernannte der Vorstand Michael J. DeVito zum unabhängigen Direktor. Seine Amtszeit läuft bis zur Jahreshauptversammlung 2026, wonach er für eine Wiederwahl infrage kommt. Herr DeVito wurde zudem in den ձüٳܲԲܲܲ des Vorstands berufen.

Im Einklang mit dem Standardprogramm des Unternehmens für nicht angestellte Direktoren erhält Herr DeVito regelmäßige Barvergütungen und wurde bei seiner Ernennung mit 342 nicht qualifizierten Aktienoptionen gemäß dem NVR 2018 Equity Incentive Plan ausgestattet. Die Optionen wurden auf dem üblichen Formular des Unternehmens ausgegeben, das zuvor als Anlage 10.2 (14. Mai 2018) eingereicht wurde. Weitere Vergütungsvereinbarungen wurden nicht offengelegt. Eine Pressemitteilung zur Ernennung ist als Anlage 99.1 beigefügt.

  • Es wurden keine weiteren Punkte, Finanzergebnisse oder Transaktionen gemeldet.
  • Die Einreichung bestätigt erneut, dass Herr DeVito die Unabhängigkeitsanforderungen der New Yorker Börse erfüllt.
0000906163FALSE00009061632025-07-012025-07-01

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 1, 2025

NVR, Inc.
(Exact name of registrant as specified in its charter)
Virginia1-1237854-1394360
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
11700 Plaza America Drive, Suite 500
Reston, Virginia 20190
(Address of principal executive offices) (Zip Code)

(703) 956-4000
(Registrant’s telephone number, including area code)

Not applicable
(Former name or former address, if changed since last report)
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01 per shareNVRNew York Stock Exchange
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act. ☐




Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective July 1, 2025, the Board of Directors of NVR, Inc. (the “Company”) appointed Michael J. DeVito to the Board of Directors. Mr. DeVito's term as director will continue until the 2026 Annual Meeting of Shareholders and until his successor is duly elected and qualified. The Board of Directors has determined that Mr. DeVito is “independent” under the listing standards of the New York Stock Exchange. In addition, the Board of Directors of NVR, Inc. (the "Company") appointed Mr. DeVito to serve on the Compensation Committee of the Board, effective as of July 1, 2025.
Mr. DeVito's compensation as a non-employee director will be consistent with that provided to all Company non-employee directors. In addition, Mr. DeVito received a grant of 342 non-qualified stock options under the NVR, Inc. 2018 Equity Incentive Plan to purchase NVR, Inc. common stock, and the terms of such grant are consistent with the grants to all Company non-employee directors. The stock options were issued utilizing the form of agreement filed as Exhibits 10.2 to our Form 8-K filed on May 14, 2018. A copy of the press release announcing Mr. DeVito's appointment is attached as Exhibit 99.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberExhibit Description
99.1
Press release dated July 1, 2025.
104Inline XBRL for the cover page of this Current Report on Form 8-K.



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NVR, Inc.
Date: July 1, 2025By:/s/ Daniel D. Malzahn
Daniel D. Malzahn
Senior Vice President, Chief Financial Officer and Treasurer


FAQ

Who was appointed to NVR's Board on July 1, 2025?

NVR appointed Michael J. DeVito as an independent director effective July 1, 2025.

How long will Michael J. DeVito serve as NVR director?

He will serve until the 2026 Annual Meeting of Shareholders and until a successor is elected.

What committee will Michael J. DeVito join at NVR?

Mr. DeVito was appointed to the Board’s Compensation Committee.

What equity compensation did the new NVR director receive?

He received a grant of 342 non-qualified stock options under the 2018 Equity Incentive Plan.

Does the appointment affect NVR's financial outlook?

The filing contains no financial guidance or earnings data; the event is governance-related only.
NVR

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Residential Construction
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