ARA K. HOVNANIAN - Corporate Board Profile

HOVNANIAN ENTERPRISES INC

Filing Date	Source Excerpt
2009-02-04	Mr. A. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. ... Mr. A. Hovnanian earned a bonus of $1,482,943 ... Total Compensation: $10,255,501
2010-02-01	Mr. A. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. A. Hovnanian joined the Company in 1979 and has been a Director of the Company since 1981 and was Vice Chairman from 1998 through November 2009. In November 2009, he was elected Chairman of the Board following the death of Kevork S. Hovnanian, the chairman and founder of the Company and the father of Mr. A. Hovnanian.
2011-01-31	Ara K. Hovnanian Chairman of the Board Mr. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. Hovnanian joined the Company in 1979 and has been a Director of the Company since 1981 and was Vice Chairman from 1998 through November 2009. In November 2009, he was elected Chairman of the Board following the death of Kevork S. Hovnanian, the chairman and founder of the Company and the father of Mr. Hovnanian. Summary Compensation Table Ara K. Hovnanian, (8) 2010 $1,092,606 — $2,622,255 $1,413,750 $949,500 — $188,189 $6,266,300
2012-02-14	Ara K. Hovnanian, 54, President, Chief Executive Officer, Chairman of the Board & Director. Total compensation for fiscal 2011 was $2,766,155.
2013-01-28	Ara K. Hovnanian, 55, President, Chief Executive Officer, Chairman of the Board & Director, total compensation $3,255,688. He has been Chief Executive Officer since July 1997, Chairman since November 2009.
2014-01-27	Ara K. Hovnanian (4) 56 President, Chief Executive Officer, Chairman of the Board & Director 1981
2015-01-26	Mr. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. Hovnanian joined the Company in 1979 and has been a Director of the Company since 1981 and was Vice Chairman from 1998 through November 2009. In November 2009, he was elected Chairman of the Board following the death of Kevork S. Hovnanian, the chairman and founder of the Company and the father of Mr. Hovnanian. Total compensation for fiscal 2014 was $5,916,619.
2016-02-01	None
2017-01-30	Ara K. Hovnanian (59) President, Chief Executive Officer, Chairman of the Board & Director. Total compensation: $7,212,193.
2018-01-26	Mr. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. Hovnanian joined the Company in 1979, has been a Director of the Company since 1981 and was Vice Chairman from 1998 through November 2009. In November 2009, he was elected Chairman of the Board following the death of Kevork S. Hovnanian, the chairman and founder of the Company and the father of Mr. Hovnanian. Summary Compensation Table shows total compensation of $5,258,756 for fiscal 2017.
2019-02-04	Ara K. Hovnanian 61 President, Chief Executive Officer, Chairman of the Board & Director 1981 ...Mr. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. Hovnanian joined the Company in 1979, has been a Director of the Company since 1981 and was Vice Chairman from 1998 through November 2009. In November 2009, he was elected Chairman of the Board following the death of Kevork S. Hovnanian, the chairman and founder of the Company and the father of Mr. Hovnanian. ...The Board of Directors has determined that Messrs. Coutts, Kangas, Marengi, Pagano and Weinroth and Ms. Sellers are independent as defined under the Restated Certificate of Incorporation and the NYSE rules. ...The members of the Audit Committee of the Board of Directors are Messrs. Kangas, Coutts, Marengi, Pagano and Weinroth and Ms. Sellers. ...The Audit Committee is currently chaired by Mr. Kangas... ...The members of the Compensation Committee of the Board of Directors are Messrs. Weinroth, Coutts, Kangas and Marengi. ...The Compensation Committee is currently chaired by Mr. Weinroth... ...The members of the Corporate Governance and Nominating Committee of the Board of Directors are Messrs. Pagano, Kangas and Marengi and Ms. Sellers. ...The Corporate Governance and Nominating Committee is currently chaired by Mr. Pagano. ...During the fiscal year ended October 31, 2018, the members of the Compensation Committee were Messrs. Weinroth, Coutts, Kangas and Marengi. ...During the fiscal year ended October 31, 2018, the Board of Directors held seven meetings. In addition, Directors considered Company matters and had communications with the Chairman of the Board of Directors and others outside of formal meetings. During the fiscal year ended October 31, 2018, each Director attended at least 86% of the meetings of the Board of Directors and at least 85% of the meetings of the committees on which such Director served. The Company’s Corporate Governance Guidelines (“Governance Guidelines”) provide that directors are expected to attend the Annual Meeting of Shareholders. All of the members of the Board of Directors attended the Annual Meeting of Shareholders held on March 13, 2018. ...The following table summarizes the compensation of the Company’s non-employee Directors related to their service in fiscal 2018. ...The following table summarizes the compensation for the fiscal years ended October 31, 2018, October 31, 2017 and October 31, 2016 of the CEO, CFO and each of the other persons serving as an executive officer as of October 31, 2018. These four individuals compose our named executive officers (“NEOs”). ...Summary Compensation Table Ara K. Hovnanian, 2018 1,229,922 — 2,507,073 250,942 3,002,850 32,517 459,335 7,482,639 President, Chief Executive Officer and Chairman of the Board ...
2020-02-07	Ara K. Hovnanian 62 President, Chief Executive Officer, Chairman of the Board & Director 1981
2021-02-12	Mr. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. Hovnanian joined the Company in 1979, has been a Director of the Company since 1981 and was Vice Chairman from 1998 through November 2009. In November 2009, he was elected Chairman of the Board following the death of Kevork S. Hovnanian, the chairman and founder of the Company and the father of Mr. Hovnanian.
2022-02-11	Ara K. Hovnanian 64 President, Chief Executive Officer, Chairman of the Board & Director 1981 ...Summary Compensation Table...Ara K. Hovnanian President, Chief Executive Officer and Chairman of the Board 2021 1,257,273 — 3,330,082 — 7,437,438 64,861 388,528 12,478,182 ...Non-Employee Director Compensation...The following table summarizes the compensation of the Company’s non-employee Directors related to their service in fiscal 2021. Name Fees Earned or Paid in Cash Stock Awards Option Awards Non-Equity Incentive Plan Compensation Change in Pension Value and Nonqualified Deferred Compensation Earnings All Other Compensation Total Robert B. Coutts 181,000 104,972 — — — 15,000 300,972
2023-02-10	Ara K. Hovnanian 65 President, Chief Executive Officer, Chairman of the Board & Director 1981
2024-02-02	Ara K. Hovnanian President, Chief Executive Officer, Chairman of the Board & Director, Age 66, Director since 1981. Compensation Summary: Total fiscal year compensation of $9,482,398 in 2023. Serves on Strategy Committee. Male pronouns used.
2025-02-07	Mr. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. Hovnanian joined the Company in 1979, has been a Director of the Company since 1981 and was Vice Chairman from 1998 through November 2009.