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): December 21, 2006
NVR, Inc.
(Exact name of registrant as specified in its charter)
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| Virginia | | 1-12378 | | 54-1394360 |
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(State or other jurisdiction of
incorporation or organization) | | (Commission File
Number) | | (I.R.S. Employer
Identification No.) |
| | | | | |
| 11700 Plaza America Drive, Suite 500, Reston VA | | 20190 |
| |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code:703-956-4000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| o | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.133-4(c)) |
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| Item 5.02 | | Departure of Directors or Certain Officers; Election of Directors; Appointments of Certain Officers; Compensatory Arrangements of Certain Officers |
(e) Amendment of Employment Agreements
On December 21, 2006, Dwight C. Schar, NVR’s Executive Chairman, voluntarily amended his employment agreement with NVR, Inc. (“NVR”) to reduce his 2007 base salary and 2007 incentive opportunity to $0. The other terms and conditions of the employment agreement remain in full force and effect.
The foregoing description of the amendment to the employment agreement is qualified in its entirety by the reference to the amendment to the agreement, which is attached as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d). Exhibits.
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| Number | | Description |
| | | |
| 10.1 | | Amendment No. 1 to Employment Agreement between NVR, Inc. and Dwight C. Schar dated December 21, 2006 |
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.
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| | | | | | | NVR, Inc. | | |
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| Date: December 22, 2006 | | | | By: | | /s/ Dennis M. Seremet | | |
| | | | | Name: | | Dennis M. Seremet | | |
| | | | | Title: | | Vice President and Chief Financial Officer | | |
INDEX TO EXHIBITS
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| Number | | Description |
| | | |
| 10.1 | | Amendment No. 1 to Employment Agreement between NVR, Inc. and Dwight C. Schar dated December 21, 2006 |
