UNITED STATES
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): November 5, 2014
CENTURY COMMUNITIES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-36491 | 68-0521411 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
8390 East Crescent Parkway, Suite 650 Greenwood Village, Colorado |
80111 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (303) 770-8300
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On November 10, 2014, Century Communities, Inc. (the Company) issued a press release announcing that, on November 5, 2014, its Board of Directors authorized a stock repurchase program of up to 2,000,000 shares of the Companys outstanding common stock, $0.01 par value per share. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit |
Description | |
99.1 | Press release, dated November 10, 2014, announcing the authorization of a stock repurchase program. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 10, 2014 | CENTURY COMMUNITIES, INC. | |||||
By: | /s/ Dale Francescon | |||||
Name: Dale Francescon | ||||||
Title: Chairman of the Board of Directors and Co-Chief Executive Officer |
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Press release, dated November 10, 2014, announcing the authorization of a stock repurchase program. |
EXHIBIT 99.1
Century Communities Announces Stock Repurchase Program of up to Two Million Shares
Greenwood Village, Colorado (November 10, 2014) Century Communities, Inc. (NYSE: CCS) (the Company) announced today that its Board of Directors has authorized a stock repurchase program under which the Company may repurchase of up to 2,000,000 shares of its outstanding common stock, $0.01 par value per share.
The shares may be repurchased from time to time in open market transactions at prevailing market prices, or by other means in accordance with federal securities laws. The actual manner, timing, amount and value of share repurchases under the stock repurchase program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Companys common stock and general market and economic conditions. There is no guarantee as to the number of shares that will be repurchased, and the stock repurchase program may be extended, suspended or discontinued at any time without notice at the Companys discretion. As of November 5, 2014, the Company had approximately 21.5 million shares of common stock outstanding.
About Century Communities:
Founded in 2002, Colorado-based Century Communities is a builder of single-family homes, townhomes and flats in select major metropolitan markets in Colorado, Texas, and Nevada. The Company offers a wide variety of product lines and is engaged in all aspects of homebuilding, including the acquisition, entitlement and development of land and the construction, marketing and sale of homes. Century Communities is a top 50 homebuilder in the United States and is one of the top five fastest growing homebuilders by total revenue. To learn more about Century Communities please visit www.centurycommunities.com.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as anticipate, believe, expect, estimate, plan, outlook, and project and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on managements reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Companys control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date on which they are made and the Company
undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Companys registration statement for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.
Contact Information:
Investor Relations:
303-268-8398
InvestorRelations@CenturyCommunities.com
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