8-K 1 v091309_8k.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) October 24, 2007 GRANITE CONSTRUCTION INCORPORATED (Exact name of registrant as specified in its charter) -------------- -------------------------------------------------------------------------------- Delaware 1-12911 77-0239383 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) -------------------------------------------------------------------------------- 585 West Beach Street Watsonville, California 95076 (Address of principal executive offices) (Zip Code) -------------------------------------------------------------------------------- (831) 724-1011 Registrant's telephone number, including area code 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 (see General Instruction A.2. below): [_] 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)) 1 Item 8.01 Other Events. On October 24, 2007, Granite Construction Incorporated (the "Company") issued a press release attached hereto as Exhibit 99.1 and incorporated by reference. In the press release, the Company announced that its Board of Directors had authorized the repurchase of up to $200 million of common stock. In addition, the Board approved a 30 percent increase in the regular quarterly cash dividend to $0.13 per share. Item 9.01. Financial Statements and Exhibits (d) Exhibits. The following exhibits are attached hereto and furnished herewith: Exhibit Number Exhibit Title ------ ------------- 99.1 Press Release of Registrant, dated October 24, 2007, announcing stock repurchase authorization; increase in quarterly dividend. SIGNATURES 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. GRANITE CONSTRUCTION INCORPORATED Date: October 24, 2007 By: /s/ William E. Barton ----------------- William E. Barton Senior Vice President and Chief Financial Officer 2 INDEX TO EXHIBITS Exhibit Number Document ------ -------- 99.1 Press Release of Registrant, dated October 24, 2007, announcing stock repurchase authorization; increase in quarterly dividend. 3