Company: HOVVB
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0001753926-25-001938
Chunk: 35

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-12-22
Form: 10-K
Item: Item 1C
Chunk 35
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 24/7 and is responsible for the day-to-day procedures related to our cybersecurity risks. We have established an Executive Incident Response Team, which includes our Chief Financial Officer, Chief Information Officer, Vice President, Risk Management, Vice President, General Counsel and other senior officers, which meets at least bi-annually to review our cybersecurity posture and discuss information security matters. The Executive Incident Response Team has primary oversight responsibility for assessing and managing technology and operational risk, including but not limited to, information security, fraud, vendor, data protection and privacy, business continuity and resilience, and cybersecurity risks.

We have a set of policies comprised of coordinated
procedures and tasks that our cybersecurity operations team, under the
direction of the Chief Information Officer, executes with the goal of
preventing cyber incidents through early detection. In the event there is a cybersecurity
incident, we follow our Cybersecurity Incident Response Plan, which is the
framework designed to help mitigate the impact and ensure a timely and accurate
response. Our cybersecurity framework includes regular assessments to ensure we
are following our internal policies and standards, as well as applicable state
and federal statutes or regulations. In addition, we validate compliance with
our internal data security controls through the use of security monitoring
utilities and internal and external audits. Our Chief Information Officer keeps
our management, Board of Directors, Audit Committee and Cybersecurity
Subcommittee informed about the mitigation and remediation of any cybersecurity
incidents.

Our Cybersecurity management team has extensive experience in the information technology area, including cybersecurity. In particular, our Chief Information Officer has over 25 years of experience managing information technology systems and nine years of experience leading cybersecurity initiatives in the information security area.

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Table of Contents

ITEM 2

PROPERTIES

We rent approximately 62,000 square feet of office space for our corporate headquarters and own 215,000 square feet of office and warehouse space in the Northeast. We lease approximately 401,000 square feet of space for our segments located in the Northeast, Southeast and West.

ITEM 3

LEGAL PROCEEDINGS

The information required with respect to this item can be found under “Commitments and Contingent Liabilities” in Note 18 to our Consolidated Financial Statements included elsewhere in this Annual report on Form 10-K, which is incorporated by reference into this Item 3. 

ITEM 4

MINE SAFETY DISCLOSURES

Not applicable.

INFORMATION ABOUT OUR EXECUTIVE OFFICERS