People: Hovnanian Enterprises Inc (HOV.N)
HOV.N on New York Stock Exchange
6.10USD
23 May 2013
6.10USD
23 May 2013
Price Change (% chg)
$0.16 (+2.69%)
$0.16 (+2.69%)
Prev Close
$5.94
$5.94
Open
$5.80
$5.80
Day's High
$6.14
$6.14
Day's Low
$5.78
$5.78
Volume
1,027,945
1,027,945
Avg. Vol
928,441
928,441
52-wk High
$7.43
$7.43
52-wk Low
$1.53
$1.53
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Ara Hovnanian |
55 | 2009 | Chairman of the Board, President, Chief Executive Officer |
J. Larry Sorsby |
57 | 2009 | Chief Financial Officer, Executive Vice President, Director |
Thomas Pellerito |
65 | 2010 | Chief Operating Officer |
David Valiaveedan |
45 | 2009 | Vice President - Finance, Treasurer |
Brad O'Connor |
42 | 2011 | Chief Accounting Officer, Vice President, Corporate Controller |
Robert Coutts |
63 | 2006 | Independent Director |
Edward Kangas |
68 | 2002 | Independent Director |
Joseph Marengi |
59 | 2006 | Independent Director |
Stephen Weinroth |
74 | 1982 | Independent Director |
Jeffrey O'Keefe |
Vice President - Investor Relations |
Biographies
| Name | Description |
|---|---|
Ara Hovnanian |
Mr. Ara K. Hovnanian is Chairman of the Board, President, Chief Executive Officer of Hovnanian Enterprises, Inc. 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. |
J. Larry Sorsby |
Mr. J. Larry Sorsby is Chief Financial Officer, Executive Vice President, Director of Hovnanian Enterprises, Inc. Mr. Sorsby has been Chief Financial Officer of Hovnanian Enterprises, Inc. since 1996, and Executive Vice President since November 2000. Mr. Sorsby was also Senior Vice President from March 1991 to November 2000 and was elected as a Director of the Company in 1997. He is Chairman of the Board of Visitors for Urology at The Children’s Hospital of Philadelphia (“CHOP”) and also serves on the Institutional Advancement Committee at CHOP. |
Thomas Pellerito |
Mr. Thomas J. Pellerito is Chief Operating Officer of Hovnanian Enterprises Inc., since January 2010. Since joining the Company in connection with the Company's acquisition of Washington Homes, Inc. in 2001, Mr. Pellerito has served as a Group President overseeing homebuilding operations in certain of the Company's Mid-Atlantic and Southeast segments (excluding Florida). Before joining the Company, Mr. Pellerito was the President of homebuilding operations and Chief Operating Officer of Washington Homes, Inc. |
David Valiaveedan |
Mr. David G. Valiaveedan is Vice President - Finance, Treasurer of Hovnanian Enterprises, Inc. Mr. Valiaveedan joined the Company as Vice President - Finance in September 2005. In August 2008, he was named as an executive officer of the Company and, in December 2009, he was also named Treasurer. Prior to joining the Company, Mr. Valiaveedan served as Vice President - Finance for AIG Global Real Estate Investment Corp. |
Brad O'Connor |
Mr. Brad G. O'Connor is Chief Accounting Officer, Vice President, Corporate Controller of Hovnanian Enterprises, Inc. Mr. O’Connor joined the Company in April 2004 as Vice President and Associate Corporate Controller. In December 2007, he was promoted to Vice President, Corporate Controller and then in May 2011, he also became Vice President, Chief Accounting Officer. Prior to joining the Company, Mr. O’Connor was the Corporate Controller for Amershem Biosciences, and prior to that a Senior Manager in the audit practice of PricewaterhouseCoopers LLP. |
Robert Coutts |
Mr. Robert B. Coutts is Independent Director of Hovnanian Enterprises, Inc., since March 2006. Mr. Coutts retired from the position of Executive Vice President of Lockheed Martin Corporation (NYSE), which he held from 2000 to 2008. Mr. Coutts was President and COO of the former Electronics Sector of Lockheed Martin. He was elected an officer by the Board of Directors of Lockheed Martin in December 1996. Mr. Coutts held management positions with General Electric Corporation (NYSE) from 1972-1993, and was with GE Aerospace when it became part of Lockheed Martin in 1993. Mr. Coutts is the retired Chairman of Sandia Corporation, a subsidiary of Lockheed Martin Corp., and is on the Board of Directors of Stanley Black and Decker (NYSE) and is the Chairman of its Governance and Nominating Committee, as well as the Pall Corporation (NYSE), and is also a member of the Board of Overseers, College of Engineering, Tufts University. |
Edward Kangas |
Mr. Edward A. Kangas is Independent Director of Hovnanian Enterprises Inc., since September 2002. Mr. Kangas was Chairman and Chief Executive Officer of Deloitte Touche Tohmatsu from December 1989 to May 2000, when he retired. He also serves on the Boards of Directors of United Technologies Corp. (NYSE), AllScripts, Inc. (NASDAQ), Tenet Healthcare Corporation, Inc. (NYSE), and Intuit, Inc. (NASDAQ). He was on the Board of Directors of Electronic Data Systems, Inc. (NYSE) from 2004 to 2008. Mr. Kangas is the past Chairman of the Board of the National Multiple Sclerosis Society. |
Joseph Marengi |
Mr. Joseph A. Marengi is Independent Director of Hovnanian Enterprises, Inc., since March 2006. He is member of the Company’s Corporate Governance and Nominating Committee. Mr. Marengi, since July 2007, serves as a Venture Partner for Austin Ventures. Prior to that date, Mr. Marengi served as senior vice president for the Commercial Business Group of Dell Inc. (NASDAQ). In this role, Mr. Marengi was responsible for the Dell units serving medium business, corporate, government, education and healthcare customers in the United States. Mr. Marengi joined Dell in July 1997 from Novell Inc. (NASDAQ), where he was president and chief operating officer. He joined Novell in 1989 and moved through successive promotions to become executive vice president of worldwide sales and field operations. He is also an outside Director for Quantum Corporation (NYSE) and is a member of its Compensation Committee and serves as Chairman of the Board for Entorian Technologies, Inc. (NASDAQ). |
Stephen Weinroth |
Mr. Stephen D. Weinroth is Independent Director of Hovnanian Enterprises, Inc., since 1982. Mr. Weinroth is Chairman of the Board of Craig Michaels, Inc., a private company which links senior managers of buyers and sellers in various fields, to establish communications between executives in each field. From 2003 to mid-2008 he was a Managing Member of Hudson Capital Advisors, LLC and since then he has been an advisor to Coral Reef Capital Partners, a successor firm to some of the Hudson Capital employees. He is Chairman of the Board (Emeritus) of Core Laboratories, N.V. (NYSE), a global oil field service company where he had previously been Chairman from 1994 through 2001. From l989 to 2003, he served as Co-Chairman and head of the Investment Committee of First Britannia Mezzanine, N.V., a European private investment firm. He is presently Chairman of the Central Asia Education Foundation, a successor to the Central Asian-American Enterprise Fund, to which he was appointed by the President of the United States. Mr. Weinroth has been Chairman of four NYSE-listed companies and Chief Executive of three of them. He is also a Trustee and the immediate past Chairman of The Joyce Theatre Foundation, Inc., and a Trustee of the Paul Taylor Dance Foundation. |
Jeffrey O'Keefe |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Ara Hovnanian |
3,255,690 |
J. Larry Sorsby |
1,206,830 |
Thomas Pellerito |
972,468 |
David Valiaveedan |
466,290 |
Brad O'Connor |
514,931 |
Robert Coutts |
-- |
Edward Kangas |
-- |
Joseph Marengi |
-- |
Stephen Weinroth |
-- |
Jeffrey O'Keefe |
-- |
As Of 30 Oct 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Ara Hovnanian |
3,770,834 | 47,395,950 |
J. Larry Sorsby |
445,417 | 6,568,550 |
Thomas Pellerito |
0 | 0 |
David Valiaveedan |
0 | 0 |
Brad O'Connor |
0 | 0 |
Robert Coutts |
0 | 0 |
Edward Kangas |
0 | 0 |
Joseph Marengi |
0 | 0 |
Stephen Weinroth |
0 | 0 |
Jeffrey O'Keefe |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
PAGANO VINCENT JR |
4,370 | $0.00 |
MARENGI JOSEPH A |
10,000 | $6.40 |
COUTTS ROBERT B |
4,687 | $0.00 |
HOVNANIAN ARA K |
350,764 | $5.94 |
HOVNANIAN ARA K |
970,849 | $0.00 |
HOVNANIAN SIRWART |
970,849 | $0.00 |
HOVNANIAN SIRWART |
970,849 | $0.00 |
HOVNANIAN ARA K |
194,170 | $0.00 |
HOVNANIAN ARA K |
970,849 | $0.00 |
HOVNANIAN ARA K |
194,170 | $0.00 |
HOVNANIAN ARA K |
970,849 | $0.00 |
HOVNANIAN ARA K |
194,170 | $0.00 |
HOVNANIAN ARA K |
194,170 | $0.00 |
HOVNANIAN ARA K |
194,170 | $0.00 |
KEVORK S HOVNANIAN UEO |
970,849 | $0.00 |
VALIAVEEDAN DAVID G |
580 | $4.50 |
O CONNOR BRAD G |
2,621 | $0.00 |
VALIAVEEDAN DAVID G |
1,844 | $0.00 |
O CONNOR BRAD G |
840 | $4.50 |
PELLERITO THOMAS J |
250 | $2.22 |
VALIAVEEDAN DAVID G |
68 | $2.22 |
VALIAVEEDAN DAVID G |
119 | $2.15 |
VALIAVEEDAN DAVID G |
102 | $2.11 |
COUTTS ROBERT B |
30,093 | $0.00 |
KANGAS EDWARD A |
43,981 | $0.00 |
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