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BASE SALARIES OF EXECUTIVE OFFICERS
As of December 22, 2010, the following are the base salaries (on an annual basis) of the executive officers of Hovnanian Enterprises, Inc.:
Ara K. Hovnanian Chief Executive Officer, President, Chairman of the Board and Director of the Company | $ | 1,092,606 | |
Paul W. Buchanan Senior Vice President – Chief Accounting Officer | $ | 287,000 | |
Peter S. Reinhart Senior Vice President and General Counsel | $ | 307,500 | |
J. Larry Sorsby Executive Vice President, Chief Financial Officer and Director of the Company | $ | 600,000 | |
Thomas J. Pellerito Chief Operating Officer | $ | 500,000 |