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MarketScreener Homepage  >  Equities  >  Nyse  >  NVR, Inc.    NVR

NVR, INC.

(NVR)
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NVR INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

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02/26/2020 | 03:55pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 21, 2020, the Board of Directors of NVR, Inc. (the "Company") appointed Sallie B. Bailey to the Board of Directors. Ms. Bailey's term as director will continue until the 2020 Annual Meeting of Shareholders and until her successor is duly elected and qualified. The Board of Directors has determined that Ms. Bailey is "independent" under the listing standards of the New York Stock Exchange. At this time, Ms. Bailey will not be appointed to any Board committees. Ms. Bailey's compensation as a non-employee director will be consistent with that provided to all Company non-employee directors. In addition, Ms. Bailey received a grant of 820 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 forms of agreement filed as Exhibits 10.2 and 10.4 to our Form 8-K filed on May 14, 2018. A copy of the press release announcing Ms. Bailey's appointment is attached as Exhibit 99.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number                Exhibit Description

99.1                            Press release dated February 24, 2020.

104                           Inline XBRL for the cover page of this Current Report on Form 8-K.


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