Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnMarch 24, 2022 ,NVR, Inc. ("NVR") issued a press release reporting the following director and executive officer changes.Dwight C. Schar , Chairman of NVR's Board of Directors, (the "Board") will be retiring effectiveMay 4, 2022 , the end ofMr. Schar's current term. The Board has in turn approved the nomination ofPaul C. Saville , currently President and Chief Executive Officer, to stand for election to the Board at the 2022 Annual Meeting of Shareholders onMay 4, 2022 . Effective upon election to the Board,Mr. Saville will be appointed Executive Chairman of the Board and will relinquish the President and Chief Executive Officer positions. The Board of Directors has appointedEugene J. Bredow , currently President of NVR Mortgage, to become President and Chief Executive Officer effectiveMay 4, 2022 .
Mr. Bredow , age 52, has been employed by NVR since 2004 and has served as President of NVR Mortgage sinceApril 2019 .Mr. Bredow served as Senior Vice President and Chief Administrative Officer fromMarch 2018 throughMarch 2019 .Mr. Bredow served as Vice President and Controller fromJune 2012 and Chief Accounting Officer fromFebruary 2016 throughFebruary 2018 .
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Exhibit Description 99.1 Press release datedMarch 24, 2022 104 Cover Page Interactive Data
File (embedded within the Inline XBRL
document).
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