Company: HOVVB
Filing Date: 2025-02-07
Form Type: DEF 14A
Source: 0001140361-25-003579
Chunk: 84

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-02-07
Form: DEF 14A
Chunk 84
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 single-family community located in San Tan Valley, Arizona. Our Northeast Division was given special honors at the DOE’s 2024 Housing Innovation Awards for ZERH homes at the Brooks at Freehold in Freehold, New Jersey. Our Phoenix Division was recognized in 2024 by Salt River Project (SRP), the area’s local utility provider, at SRP’s annual Champions of Sustainability Awards. As a participant in the SRP Business Solutions™ Program, the division was recognized for outstanding achievements in electrification, energy efficiency and clean energy. 156 157 Diversity and inclusion initiatives implemented or enhanced in fiscal 2024: The Company has both a Diversity & Inclusion Task Force as well as a Diversity & Inclusion Executive Committee. Our CEO leads the Diversity & Inclusion Executive Committee. Our ‘Diversity Made Simple’ training was established in 2020. In fiscal 2023, this training became mandatory for all associates on an annual basis. For associates in managerial positions, which is 21.8% of all associates, they have an additional, more extensive mandatory training concerning ‘Unconscious Bias’. Hovnanian is a founding member of Building Talent Foundation (BTF) whose mission is to advance the education, training, and career progression of young people and people from underrepresented groups in residential construction. In fiscal 2024, we extended our partnership and financial commitment for another two years and we actively utilize BTFs Residential Construction Careers Platform JobsToBuild. 158 We have a diverse associate base comprised of 27.3% non-white associates. Additionally, 43.6% of our associates are women, and women represent 38.5% of all associates in manager and above positions. We maintain a repository of nearly 500 training modules/courses to facilitate these learning sessions in both in-person and virtual settings, including mandatory diversity, preventing workplace harassment, cybersecurity and safety training courses. To promote an inclusive work environment, our leadership team has been hosting quarterly Town Hall events the past three years. These live events have become a staple within the organization and provide all associates with an opportunity to hear about the Company’s progress and strategic initiatives, and to ask questions directly of our CEO, CFO and Group Presidents. We encourage associates to provide candid feedback and ask questions directly or anonymously, if preferred. Our leadership team is committed to answering every question received, either during the Town Hall or posted after the event on our Company intranet. With associates working across 13 states and a variety of functions, our Town Hall events