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    Hovnanian Enterprises Inc Dep Shr Srs A Pfd filed SEC Form 8-K: Other Events

    4/11/25 4:55:00 PM ET
    $HOVNP
    Homebuilding
    Consumer Discretionary
    Get the next $HOVNP alert in real time by email
    0001753926-25-000619.txt : 20250411 0001753926-25-000619.hdr.sgml : 20250411 20250411165500 ACCESSION NUMBER: 0001753926-25-000619 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250411 ITEM INFORMATION: Other Events FILED AS OF DATE: 20250411 DATE AS OF CHANGE: 20250411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOVNANIAN ENTERPRISES INC CENTRAL INDEX KEY: 0000357294 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 221851059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08551 FILM NUMBER: 25832827 BUSINESS ADDRESS: STREET 1: 90 MATAWAN ROAD, 5TH FLOOR CITY: MATAWAN STATE: NJ ZIP: 07747 BUSINESS PHONE: 7327477800 MAIL ADDRESS: STREET 1: 90 MATAWAN ROAD, 5TH FLOOR CITY: MATAWAN STATE: NJ ZIP: 07747 8-K 1 hov-20250411.htm FORM 8-K hov-20250411.htm
    true false 0000357294 0000357294 hov:DepositarySharesEachRepresenting11000thOfAShareOf7625SeriesAPreferredStockCustomMember 2025-04-11 2025-04-11 0000357294 hov:PreferredStockPurchaseRights1CustomMember 2025-04-11 2025-04-11 0000357294 hov:ClassACommonStock001ParValuePerShareCustomMember 2025-04-11 2025-04-11 0000357294 2025-04-11 2025-04-11

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549


    FORM 8-K


    CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934


    Date of Report (Date of earliest event reported): April 11, 2025


    HOVNANIAN ENTERPRISES, INC.
    (Exact Name of Registrant as Specified in its Charter)


    Delaware

    (State or Other

    Jurisdiction

    of Incorporation)

    1-8551

    (Commission File Number)

    22-1851059

    (IRS Employer

    Identification No.)


    90 Matawan Road, Fifth Floor

    Matawan, New Jersey 07747
    (Address of Principal Executive Offices) (Zip Code)


    (732) 747-7800
    (Registrant’s telephone number, including area code)


    Not Applicable
    (Former Name or Former Address, if Changed Since
    Last Report)


    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


    ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


    Securities registered pursuant to Section 12(b) of the Act.


    Title of each class

    Trading symbol(s)

    Name of each exchange on which registered

    Class A Common Stock, $0.01 par value per share

    HOV

    New York Stock Exchange

    Preferred Stock Purchase Rights (1)

    N/A

    New York Stock Exchange

    Depositary Shares each representing 1/1,000th of a share of 7.625% Series A Preferred Stock

    HOVNP

    The Nasdaq Stock Market LLC


    (1) Each share of Class A Common Stock includes an associated Preferred Stock Purchase Right. Each Preferred Stock Purchase Right initially represents the right, if such Preferred Stock Purchase Right becomes exercisable, to purchase from the Company one ten-thousandth of a share of its Series B Junior Preferred Stock for each share of Common Stock. The Preferred Stock Purchase Rights currently cannot trade separately from the underlying Common Stock.


    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


    Emerging growth company ☐


    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




    Item 8.01. Other Events.


    On April 11, 2025, our Board of Directors authorized an incremental increase to our repurchase program of $25 million. Under the repurchase program, as increased by the Board of Directors, inclusive of any amounts remaining under the existing repurchase authorization initially authorized by the Board of Directors on September 1, 2022, and increased on December 18, 2024, we are authorized to repurchase up to $30,601,253 of our Class A common stock. Under the program, repurchases may be made from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual dollar amount repurchased will depend on a variety of factors, including legal requirements, price, future tax implications and economic and market conditions. The repurchase program may be changed, suspended or discontinued at any time and does not have a specified expiration date.




    SIGNATURES


    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



    HOVNANIAN ENTERPRISES, INC.

    (Registrant)






    By:

    /s/ Elizabeth Tice



    Name: Elizabeth Tice

    Title: General Counsel and Secretary


    Date: April 11, 2025

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    '-D4$L! A0#% @ W8:+6B1B M-XRW 0 W , !0 ( !7A8 &AO=BTR,#(U,#0Q,5]C86PN M>&UL4$L! A0#% @ W8:+6D%"&0J>!P [$T !0 ( ! M1Q@ &AO=BTR,#(U,#0Q,5]D968N>&UL4$L! A0#% @ W8:+6D05?5P8 M"@ D5\ !0 ( !%R &AO=BTR,#(U,#0Q,5]L86(N>&UL M4$L! A0#% @ W8:+6J53#MCX!@ #TP !0 ( !82H K &AO=BTR,#(U,#0Q,5]P&UL4$L%!@ & 8 A $ (LQ $! end XML 17 hov-20250411_htm.xml IDEA: XBRL DOCUMENT 0000357294 hov:DepositarySharesEachRepresenting11000thOfAShareOf7625SeriesAPreferredStockCustomMember 2025-04-11 2025-04-11 0000357294 hov:PreferredStockPurchaseRights1CustomMember 2025-04-11 2025-04-11 0000357294 hov:ClassACommonStock001ParValuePerShareCustomMember 2025-04-11 2025-04-11 0000357294 2025-04-11 2025-04-11 true false 0000357294 8-K 2025-04-11 HOVNANIAN ENTERPRISES, INC. DE 1-8551 22-1851059 90 Matawan Road, Fifth Floor Matawan NJ 07747 732 747-7800 false false false false Class A Common Stock, $0.01 par value per share HOV NYSE Preferred Stock Purchase Rights NYSE Depositary Shares each representing 1/1,000th of a share of 7.625% Series A Preferred Stock HOVNP NASDAQ false Each share of Class A Common Stock includes an associated Preferred Stock Purchase Right. Each Preferred Stock Purchase Right initially represents the right, if such Preferred Stock Purchase Right becomes exercisable, to purchase from the Company one ten-thousandth of a share of its Series B Junior Preferred Stock for each share of Common Stock. The Preferred Stock Purchase Rights currently cannot trade separately from the underlying Common Stock.

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    Recent Analyst Ratings for
    $HOVNP

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    SEC Filings

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    • Hovnanian Enterprises Inc Dep Shr Srs A Pfd filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

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    • Hovnanian Enterprises Inc Dep Shr Srs A Pfd filed SEC Form 8-K: Other Events

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    • Hovnanian Enterprises Inc Dep Shr Srs A Pfd filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

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    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • Director Kangas Edward A sold $203,020 worth of shares (2,000 units at $101.51), decreasing direct ownership by 15% to 11,290 units (SEC Form 4)

      4 - HOVNANIAN ENTERPRISES INC (0000357294) (Issuer)

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    • Director Sellers Robin Stone sold $105,457 worth of shares (977 units at $107.94), decreasing direct ownership by 5% to 19,525 units (SEC Form 4)

      4 - HOVNANIAN ENTERPRISES INC (0000357294) (Issuer)

      2/27/25 4:37:03 PM ET
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    • SEC Form 4 filed by Director Sorsby J Larry

      4 - HOVNANIAN ENTERPRISES INC (0000357294) (Issuer)

      2/27/25 4:37:04 PM ET
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      Consumer Discretionary

    $HOVNP
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    • Amendment: SEC Form SC 13G/A filed by Hovnanian Enterprises Inc Dep Shr Srs A Pfd

      SC 13G/A - HOVNANIAN ENTERPRISES INC (0000357294) (Subject)

      11/12/24 3:55:31 PM ET
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    • Amendment: SEC Form SC 13G/A filed by Hovnanian Enterprises Inc Dep Shr Srs A Pfd

      SC 13G/A - HOVNANIAN ENTERPRISES INC (0000357294) (Subject)

      11/4/24 11:53:19 AM ET
      $HOVNP
      Homebuilding
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Hovnanian Enterprises Inc Dep Shr Srs A Pfd

      SC 13D/A - HOVNANIAN ENTERPRISES INC (0000357294) (Subject)

      9/19/24 5:23:27 PM ET
      $HOVNP
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      Consumer Discretionary