8-K 1 doc1.txt 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) FEBRUARY 7, 2003 ------------------------------------------------------------------------------- CLAYTON HOMES, INC. ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-8824 62-1671360 ------------------------------------------------------------------------------- (State or other (Commission File (IRS Employer jurisdiction Number) Identification No.) of incorporation) 5000 Clayton Road Maryville, Tennessee 37804 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (865) 380-3000 ------------------------------------------------------------------------------- NOT APPLICABLE ------------------------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS On February 7, 2003, the Company filed a press release reporting the appointment of a new board member. A copy of the press release is attached as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. 99.1 Press Release dated February 7, 2003 reporting the appointment of new board member SIGNATURE 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. CLAYTON HOMES, INC. --------------------- (Registrant) Date: February 7, 2003 /s/ Kevin T. Clayton ------------------ ----------------------- Kevin T. Clayton Chief Executive Officer and President (Principal Executive Officer) EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION PAGE ---------------------------------------------------------------------- 99.1 Press Release dated February 7, 2003 5 EXHIBIT 99-1 NEWS RELEASE FOR IMMEDIATE RELEASE ----------------------- FEBRUARY 7, 2003 CONTACT: INVESTOR RELATIONS PHONE: 865-380-3206 FAX: 865-380-3784 STEVEN G. DAVIS ELECTED TO CLAYTON HOMES' BOARD KNOXVILLE, TENN. - Clayton Homes, Inc. (NYSE:CMH) Chairman, James L. Clayton, announced the election of Steven G. Davis to the Clayton Board of Directors. The election of Mr. Davis increased the Clayton Homes Board to eight, and Mr. Davis will serve on the Audit Committee. "The election of Mr. Davis to the Clayton Homes board reflects our commitment to reach out to people with exceptional skills," Mr. Clayton said. "He will provide added depth to our board with his financial and accounting expertise and extensive management and industry background." Mr. Davis, 52, has considerable experience in the manufactured housing industry, having served on the board of the largest owner of manufactured housing communities in the nation, Chateau Communities, Inc. (CPJ - NYSE) from 1993 to 2002. Additionally, Mr. Davis served as Chief Financial Officer and Executive Vice President of ROC, another leading manufactured housing community operator. He is a Certified Public Accountant and graduate of the University of San Diego. Currently he is General Partner of M & D Pacific, a partnership specializing in the redevelopment of coastal residential properties in San Diego, California, and a real estate consultant. Clayton Homes, Inc. is a vertically integrated manufactured Housing company with 20 manufacturing plants, 290 Company owned stores, 622 independent retailers, 83 manufactured housing communities, and financial services operations that provide mortgage services for 165,000 customers and insurance protection for 100,000 families.