Hovnanian Enterprises stockholders approved director elections, auditor ratification, the Fourth Amended 2020 Stock Incentive Plan increasing shares by 100,000, and executive compensation at the 2026 Annual Meeting.
Key takeaways
Stockholders elected all eight directors including A. Hovnanian, R. Coutts, and J. Sorsby to serve until next annual meeting.
Fourth Amended and Restated 2020 Stock Incentive Plan approved, adding 100,000 shares to reserve for future equity grants.
Deloitte & Touche LLP ratified as independent auditor for fiscal year ending October 31, 2026 with 11.6M votes for.
Advisory vote approved named executive officer compensation with 9.9M votes for.
Amended Plan identical to prior plan except for increased Class A and B common stock reserve.
All proposals passed with broker non-votes having no effect on outcomes.