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
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Departure of Directors or Certain Officers; Election of |
On April 18, 2017, NVR, Inc. (the Company) and Jeffrey D.
Martchek, President of Homebuilding Operations, entered into an
amendment to Mr. Martcheks employment agreement to delete the
provision providing for a cash payment upon Mr. Martcheks
voluntary termination upon a change in control (Section 6.8 of
the employment agreement).The amendment is filed herewith as
Exhibit 10.1.
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Item 9.01 |
Financial Statements and Exhibits. |
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(d)Exhibits |
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Exhibit Number |
Exhibit Description |
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10.1* |
Amendment No. 1 to Employment Agreement between NVR, Inc. |
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* Exhibit is a management contract or compensatory plan |
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. NVR, Inc. (NYSE:NVR) Recent Trading Information
NVR, Inc. (NYSE:NVR) closed its last trading session down -6.64 at 2,140.00 with 35,181 shares trading hands.
