Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Amended and Restated 2020Hovnanian Enterprises, Inc. Stock Incentive Plan
On
Prior to adoption of the Amended Plan, the Company had been granting
equity-based incentive awards under the 2020
The material features of the Amended Plan are described in the Company's
Definitive Proxy Statement filed on
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Company held its 2021 Annual Meeting on
(1) Election of all directors of the Company to hold office until the next annual meeting of stockholders and until their respective successors have been duly elected and qualified. Abstentions and broker non-votes had no effect on the outcome because such shares were not considered votes cast. The elected directors were: Votes For Votes Against Abstentions Broker Non-Votes A. Hovnanian 7,496,582 41,696 31,510 1,687,617 R. Coutts 7,486,839 50,817 32,131 1,687,618 E. Kangas 7,434,946 102,818 32,024 1,687,617 J. Marengi 7,403,638 133,771 32,379 1,687,617 V. Pagano Jr. 7,366,077 164,013 39,698 1,687,617 R. Sellers 7,434,344 95,856 39,588 1,687,617 J. Sorsby 7,475,262 62,407 32,119 1,687,617
(2) Ratification of the selection of
Votes For Votes Against Abstentions Broker Non-Votes 9,232,391 20,604 4,410 -
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(3) Approval of the Amended and Restated 2020
Votes For Votes Against Abstentions Broker Non-Votes 7,389,692 168,486 11,610 1,687,617
(4) Non-binding advisory vote on approval of the compensation of the Company's named executive officers as disclosed in the Proxy Statement. Abstentions and broker non-votes had no effect on the outcome because such shares were not considered votes cast.
Votes For Votes Against Abstentions Broker Non-Votes 6,498,680 1,055,985 15,122 1,687,618
(5) Approval of an amendment to the Company's stockholder rights plan. Abstentions and broker non-votes had no effect on the outcome because such shares were not considered votes cast.
Votes For Votes Against Abstentions Broker Non-Votes 7,478,136 72,003 19,649 1,687,617
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 4.1 Rights Agreement, dated as ofAugust 14, 2008 , betweenHovnanian Enterprises, Inc. andComputershare Trust Company , N.A. (as successor toNational City Bank ), as Rights Agent, which includes the Form of Certificate of Designation as Exhibit A, Form of Rights Certificate as Exhibit B and the Summary of Rights as Exhibit C (incorporated herein by reference to Exhibit 4.1 to the Company's Registration Statement on Form 8-A, filed onAugust 14, 2008 ). 4.2 Amendment No. 1 to Rights Agreement, dated as ofJanuary 11, 2018 , betweenHovnanian Enterprises, Inc. andComputershare Trust Company , N.A. (as successor toNational City Bank ), as Rights Agent, which includes the amended and restated Form of Rights Certificate as Exhibit 1 and the amended and restated Summary of Rights as Exhibit 2 (incorporated herein by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K, filed onJanuary 11, 2018 ). 4.3 Amendment No. 2 to Rights Agreement, dated as ofJanuary 18, 2021 , between the Company andComputershare Trust Company, N.A. (as successor toNational City Bank ), as Rights Agent, which includes the amended and restated Form of Rights Certificate as Exhibit 1 and the amended and restated Summary of Rights as Exhibit 2. (incorporated by reference to Exhibits to Current Report on Form 8-K of the Registrant filedJanuary 19, 2021 ). 10.1 Amended and Restated 2020Hovnanian Enterprises, Inc. Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company's Registration Statement on Form S-8 filed onMarch 30, 2021 ). 99.1 The section entitled "Proposal 3 - Approval of the Amended and Restated 2020Hovnanian Enterprises, Inc. Stock Incentive Plan" of the Company's definitive Proxy Statement (incorporated by reference to the Company's definitive Proxy Statement on Schedule 14A filed onFebruary 12, 2021 ). 99.2 The description of the amendment to the Amended Plan (incorporated by reference to the Company's Additional Definitive Proxy Soliciting Materials filed onMarch 4, 2021 ). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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