NVR INC

The proposal requests that the company amend its governing documents to lower the shareholder ownership threshold required to call a special shareholder meeting to 10% of outstanding common stock, or to the lowest percentage allowed under state law. Proponents argue the current rules disqualify shares held for less than one year and therefore effectively block activist or responsive shareholder groups from calling special meetings sooner, which they say can reduce board accountability. The proposal also explicitly permits online special meetings to facilitate participation. The stated rationale is that a lower threshold would provide shareholders a meaningful "Plan B" to prompt board consideration of strategic or governance changes when necessary.

The proposal asks the board to publish a report disclosing the company’s greenhouse gas emissions, at reasonable expense and omitting proprietary information, so investors can assess the company’s climate exposure and progress. The submission argues that the homebuilding sector is carbon-intensive across material supply chains and home energy use, that regulatory requirements and customer preferences are tightening, and that several peers disclose operational and value-chain emissions. Proponents contend that GHG disclosure would help demonstrate regulatory readiness, competitiveness on energy efficiency, and preparedness for a low-carbon transition. The request cites increasing state regulations (including impending California requirements) and peer disclosure practices as motivating factors.