Equibles does not estimate personal net worth.
Earlier roles on record: CFO at Hovnanian Enterprises Inc (HOV) until October 31, 2023. Hovnanian Enterprises Inc reported in an 8-K filed June 20, 2023 that Larry Sorsby retired as Executive Vice President and Chief Financial Officer, effective October 31, 2023. The proxy statement of Hovnanian Enterprises Inc reports total compensation of $7,357,266 for Larry Sorsby in fiscal 2022, including a base salary of $790,607. Disclosed compensation is on record for 6 fiscal years. Larry Sorsby has spoken on 13 earnings calls across 1 company, most recently for Hovnanian Enterprises Inc on May 31, 2023. The companies whose calls Larry Sorsby spoke on are classified in the Consumer Cyclical sector.
“On June 20, 2023, Hovnanian Enterprises, Inc. (the "Company") announced that J. Larry Sorsby, Executive Vice President and Chief Financial Officer, intends to retire from the Company effective October 31, 2023.”
“You can see that we ended the quarter with 128 communities open for sale. Wholly owned communities grew 12% year-over-year to 114. Utility company delays continued to slow down our ability to open new communities.”
“You can see that we ended the quarter with 132 communities open for sale. Utility companies continued to present problems and are slowing down our ability to open new communities.”
“You can see that we ended the year with 133 communities open for sale. If not for the supply chain and production delays in opening new communities, that number would have been even higher.”
“I'm going to start with our community count position. If you will recall, prior to the COVID surge in home sales, we and our peers were focused on increasing lot supply and projecting growth in community counts in order to achieve revenue growth.”
“I’m going to start with the progress we’ve made in growing our lot position, which is the key raw material we need to build our homes. Turning to slide 21, we show that year-over-year our lot count increased by more than 5,400 lots or by 19%.”
Start not stated–2023-10-31
Residential Construction · Consumer Cyclical
CFO
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2022 | Hovnanian Enterprises Inc (HOV) | Executive Vice President, Chief Financial Officer | $790,607 | $7,357,266 |
| 2021 | Hovnanian Enterprises Inc (HOV) | Executive Vice President, Chief Financial Officer | $762,338 | $5,993,890 |
| 2020 | Hovnanian Enterprises Inc (HOV) | Executive Vice President Chief Financial Officer | $712,917 | $4,491,351 |
| 2019 | Hovnanian Enterprises Inc (HOV) | Executive Vice President Chief Financial Officer | $721,188 | $3,041,900 |
| 2018 | Hovnanian Enterprises Inc (HOV) | Executive Vice President and Chief Financial Officer | $699,558 | $3,304,746 |
| 2017 | Hovnanian Enterprises Inc (HOV) | Executive Vice President and Chief Financial Officer | $675,330 | $2,080,649 |
