NVR, Inc. (NYSE:NVR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Eugene J. Bredow has been appointed as the President of NVR Mortgage Finance, Inc. (“NVRM”) effective April 1, 2019, replacing Robert W. Henley upon Mr. Henley’s retirement from NVR effective March 31, 2019. Mr. Henley’s intention to retire was disclosed on the Form 8-K filed with the Securities and Exchange Commission on November 2, 2018, which is incorporated herein by reference.
Mr. Bredow, age 48, has been employed by NVR since 2004. Mr. Bredow has been Senior Vice President and Chief Administrative Officer since March 2018. From June 2012 until February 2018, Mr. Bredow served as Vice President and Controller and served as Chief Accounting Officer from February 2016. Mr. Bredow will continue to serve as an executive officer in his new position.
About NVR, Inc. (NYSE:NVR)
NVR, Inc. is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc. (NVRM). The Company operates in multiple locations in approximately 14 states and Washington, D.C., primarily in the eastern part of the United States. Its homebuilding business operates under four trade names, such as Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes. The Ryan Homes and Fox Ridge Homes products are marketed primarily to first-time and first-time move-up buyers. The NVHomes and Heartland Homes products are marketed primarily to move-up and up-scale buyers. The Company’s homes combine traditional, transitional, cottage or urban exterior designs with interior designs and amenities, which include 2 to 4 bedrooms and range from 1,000 to 7,000 square feet.
