Company: HOVVB
Filing Date: 2025-02-07
Form Type: DEF 14A
Source: 0001140361-25-003579
Chunk: 10

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-02-07
Form: DEF 14A
Chunk 10
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ORS |

26

| Name                   | Age | Company                             
 Affiliation                         | Year First 
   Became a 
   Director |
| Ara K. Hovnanian       |  67 | President, Chief Executive Officer, 
 Chairman of the Board & Director    |       1981 |
| Robert B. Coutts       |  74 | Independent Director                |       2006 |
| Miriam Hernandez-Kakol |  71 | Independent Director                |       2022 |
| Edward A. Kangas       |  80 | Lead Independent Director           |       2002 |
| Joseph A. Marengi      |  71 | Independent Director                |       2006 |
| Vincent Pagano Jr.     |  74 | Independent Director                |       2013 |
| Robin Stone Sellers    |  72 | Independent Director                |       2018 |
| J. Larry Sorsby        |  69 | Director                            |       1997 |

COMPOSITION The Board of Directors seeks to ensure that the Board of Directors is composed of members whose particular experience, qualifications, attributes and skills, when taken together, will allow the Board of Directors to satisfy its oversight responsibilities effectively. As discussed below under “Corporate Governance and Nominating Committee” beginning on page 40, a slate of Directors to be nominated for election at the annual shareholders’ meeting each year is approved by the Board of Directors after recommendation by the Corporate Governance and Nominating Committee. In the case of a vacancy on the Board of Directors (other than one resulting from removal by shareholders), the Corporate Governance and Nominating Committee will identify individuals believed to be qualified candidates to serve on the Board of Directors and shall review the candidates who have met those qualifications with the Company’s Chairman, who will determine if the candidate is eligible for recommendation by the Corporate Governance and Nominating Committee to the full Board of Directors. If recommended, the Board of Directors will then approve a director nominee to fill the vacancy on the Board of Directors. 27 COMPOSITION In identifying candidates for Director, the Corporate Governance and Nominating Committee, the Chairman and the Board of Directors take into account (1) the comments and recommendations of members of the Board of Directors regarding the qualifications and effectiveness of the existing Board of Directors or additional qualifications that may be required when selecting new board members that may be identified in connection with the self-assessments described below under “Corporate Governance and Nominating Committee” beginning on page 40,