8-K

 

 

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): May 6, 2014

 

 

NVR, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Virginia    1-12378    54-1394360

(State or other jurisdiction of

incorporation or organization)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

11700 Plaza America Drive, Suite 500, Reston, Virginia    20190
(Address of principal executive offices)    (Zip Code)

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

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K 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))

 

 

 


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

As disclosed under Item 5.07 below, our shareholders approved the adoption of the NVR, Inc. 2014 Equity Incentive Plan (“2014 Plan”) at the Annual Meeting of Shareholders held on May 6, 2014 (the “Annual Meeting”). Under the 2014 Plan, awards of non-qualified stock options to acquire up to 950,000 shares of our common stock may be granted to our key management employees, including our executive officers, and our Board members. Any grants to our executive officers or Board members will be evidenced by the forms of agreements included herein as Exhibits 10.1, 10.2, 10.3 and 10.4. The foregoing description of the 2014 Plan is qualified in its entirety by the text of the 2014 Plan, which was filed as Exhibit 10.1 to the Company’s Form S-8 filed with the Securities and Exchange Commission on May 7, 2014 and is incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

On May 6, 2014, NVR, Inc. (the “Company”) held its Annual Meeting of Shareholders. There were 4,492,477 shares of the Company’s common stock eligible to vote at the Annual Meeting. The following are the matters voted upon at the Annual Meeting and the final results of the votes on such matters:

1. Election of all directors for one-year terms:

 

     Votes For      Votes
Against
     Abstentions      Broker
Non-votes
 

Dwight C. Schar

     4,055,692         15,508         2,394         189,071   

C.E. Andrews

     4,045,150         21,028         7,416         189,071   

Robert C. Butler

     4,050,622         15,552         7,420         189,071   

Timothy M. Donahue

     4,044,954         21,217         7,423         189,071   

Thomas D. Eckert

     3,800,669         265,431         7,494         189,071   

Alfred E. Festa

     4,050,385         15,790         7,419         189,071   

Ed Grier

     4,052,714         13,461         7,419         189,071   

Manuel H. Johnson

     4,049,112         17,258         7,224         189,071   

Mel Martinez

     3,644,244         422,055         7,295         189,071   

William A. Moran

     3,675,854         383,690         14,050         189,071   

David A. Preiser

     3,776,943         289,235         7,416         189,071   

W. Grady Rosier

     3,811,351         254,854         7,389         189,071   

Paul W. Whetsell

     3,813,451         253,617         6,526         189,071   

2. Ratification of the appointment of KPMG LLP as Independent Auditor for 2014:

 

Votes For   Votes
Against
  Abstentions   Broker
Non-votes
4,254,497   5,866   2,302  


3. Approval, in a non-binding advisory vote, of the compensation of the Company’s named executive officers:

 

Votes For   Votes
Against
  Abstentions   Broker
Non-votes
3,961,800   104,849   6,945   189,071

4. Approval of the 2014 Equity Incentive Plan:

 

Votes For   Votes
Against
  Abstentions   Broker
Non-votes
2,478,707   1,591,135   3,752   189,071

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits

 

Number

  

Description

10.1*    The Form of Non-Qualified Stock Option Agreement (Management time-based grants) under the NVR, Inc. 2014 Equity Incentive Plan. Filed herewith.
10.2*    The Form of Non-Qualified Stock Option Agreement (Director time-based grants) under the NVR, Inc. 2014 Equity Incentive Plan. Filed herewith.
10.3*    The Form of Non-Qualified Stock Option Agreement (Management performance-based grants) under the NVR, Inc. 2014 Equity Incentive Plan. Filed herewith.
10.4*    The Form of Non-Qualified Stock Option Agreement (Director performance-based grants) under the NVR, Inc. 2014 Equity Incentive Plan. Filed herewith.

 

* Exhibit is a management contract or compensatory plan or arrangement.


SIGNATURES

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: May 7, 2014     By:  

/s/ Daniel D. Malzahn

      Name:   Daniel D. Malzahn
      Title:   Vice President and Chief Financial Officer


INDEX TO EXHIBITS

 

Exhibit
Number

  

Exhibit Description

10.1*    The Form of Non-Qualified Stock Option Agreement (Management time-based grants) under the NVR, Inc. 2014 Equity Incentive Plan. Filed herewith.
10.2*    The Form of Non-Qualified Stock Option Agreement (Director time-based grants) under the NVR, Inc. 2014 Equity Incentive Plan. Filed herewith.
10.3*    The Form of Non-Qualified Stock Option Agreement (Management performance-based grants) under the NVR, Inc. 2014 Equity Incentive Plan. Filed herewith.
10.4*    The Form of Non-Qualified Stock Option Agreement (Director performance-based grants) under the NVR, Inc. 2014 Equity Incentive Plan. Filed herewith.

 

* Exhibit is a management contract or compensatory plan or arrangement