If you are a current long term investor in NVR, Inc. (NYSE: NVR) stock and/or if you have any information relating the investigation including whistleblowers and former employees, you have certain options and you should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether the directors and officers of NVR, Inc. harmed the company by breaching their fiduciary duties to shareholders. In particular the investigation on behalf of current long term investors in NVR, Inc. (NYSE NVR) focuses on possible shareholder claims that certain of NVR’s senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.
The NVR CEO’s pay rose substantially from roughly $4.69million in 2008 to $30.879million in 2010. One of highest compensation in the home-building sector and among the highest paid CEOs of a publicly traded company overall. The NVR Principal Financial Officer’s pay increased from about $2.5million in 2008, respectively $719,000 in 2009 to $13.287million in 2010 and the Principal Accounting Officer’s compensation rose from $1.159million in 08, respectively $366,000 in 09 to $6.063million in 2010.
However, NVR’s shareholders recently expressed their disdain for executive pay packages by voting “no” on NVR, Inc's say on pay provision. NVR, Inc. received only about 44% support for its pay practices at its May 3 annual meeting, according to a company filing.
The investigation concerns possible claims that the prior compensation awarded at NVR, Inc is improper based upon its current operating condition.
NVR’s 12months Revenue fell from $5.156billion in 07 to $3.057billion in 2010. Its Net Income fell from $333.95million in 2007 to $206million in 2010. For the first quarter in 2011 NVR, Inc. reported lower quarterly Revenue of $517.12million compared to $593.50million a year earlier and lower quarterly Net Income of $15.17million compared to $32.09million one year earlier.
The investigation seeks to determine whether certain senior officers and executives at NVR, Inc were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’
Finally the investigation focuses also on possible shareholder claims that would allow NYSE: NVR stockholders to more efficiently influence or control future compensation decisions at NVR, Inc.
Those who are current long term investors in NVR, Inc. (Public, NYSE: NVR) stock and/or those who have any information relating the investigation including also whistleblowers and former employees, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
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The Shareholders Foundation, Inc. is a professional portfolio legal monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.