0001144204-13-000303.txt : 20130103 0001144204-13-000303.hdr.sgml : 20130103 20130103092053 ACCESSION NUMBER: 0001144204-13-000303 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121231 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130103 DATE AS OF CHANGE: 20130103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NVR INC CENTRAL INDEX KEY: 0000906163 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 541394360 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12378 FILM NUMBER: 13504325 BUSINESS ADDRESS: STREET 1: 11700 PLAZA AMERICA DR. STREET 2: SUITE 500 CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 7039564000 MAIL ADDRESS: STREET 1: 11700 PLAZA AMERICA DR. CITY: RESTON STATE: VA ZIP: 20190 8-K 1 v331279_8k.htm CURRENT REPORT

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): December 31, 2012

 

 

                              NVR, Inc.                              

(Exact name of registrant as specified in its

charter)

 

 

Virginia 1-12378 54-1394360
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)

 

 

 

11700 Plaza America Drive, Suite 500, Reston, Virginia       20190

(Address of principal executive offices)                                         (Zip Code)

 

 

Registrant’s telephone number, including area code: 703-956-4000

 

 

_______________________________________________________

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K 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 240.133-4(c))

 

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Item 8.01      Other Events

 

On January 2, 2013, NVR, Inc. issued a press release reporting its acquisition of substantially all of the assets of Heartland Homes, Inc. A copy of this press release is attached hereto as Exhibit 99.1.

 

 

 

Item 9.01      Financial Statements and Exhibits

 

(c)Exhibits

 

  Number Description
     
  99.1 Press release dated January 2, 2013.

 

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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.

  

    NVR, Inc.
     
     
Date:  January 3, 2013 By:  /s/ Dennis M. Seremet                                              
  Name: Dennis M. Seremet
  Title: Senior Vice President and
Chief Financial Officer

  

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INDEX TO EXHIBITS

 

 

 

Exhibit Number Exhibit Description
   
99.1 Press release dated January 2, 2013.

 

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 EX-99.1 2 v331279_ex99-1.htm EXHIBIT 99.1

NVR, Inc. Purchases Pittsburgh, PA Builder, Heartland Homes

RESTON, Va., Jan. 2, 2013 /PRNewswire/ -- NVR, Inc. (NYSE: NVR) today announced that on December 31, 2012, NVR completed the acquisition of substantially all of the assets of Heartland Homes, Inc., the second largest homebuilder in Pittsburgh, Pennsylvania.

For the year ended December 31, 2012, Heartland Homes closed approximately 400 homes. The company is currently active in 36 communities throughout the Pittsburgh metropolitan area, one community in Monongalia, West Virginia and one community in Raleigh, North Carolina.

Heartland Homes markets primarily to move-up, discretionary homebuyers and has developed outstanding brand recognition in Pittsburgh. NVR will continue to market under the Heartland Homes name, which is a strong compliment to NVR's Ryan Homes business. Ryan Homes primarily serves 1st time and 1st time move-up homebuyers in the Pittsburgh market.

Heartland's operating strategy, which includes pre-selling homes and purchasing finished lots from land developers, is consistent with NVR's "asset light" business model. In addition, NVR intends to expand the size of Heartland's business within the Pittsburgh market as the housing recovery continues over the next several years.

Heartland Homes was founded in 1984 by Alan "Gus" Gillespie. Gus is the son-in-law of the late Ed Ryan, Founder of Ryan Homes in 1948. Gus' son, Edward Martin "Marty" Gillespie, became President of Heartland Homes in 2005. Marty will continue to manage the Heartland business.

About NVR

NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding unit sells and builds homes under the Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes trade names, and operates in twenty-seven metropolitan areas in fifteen states. For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com, www.foxridgehomes.com and www.heartlandcustomhomes.com.

Some of the statements in this release made by the Company constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other comparable terminology. All statements other than of historical facts are forward-looking statements. Forward-looking statements contained in this document include those regarding market trends, NVR's financial position, business strategy, the outcome of pending litigation, investigations or similar contingencies, projected plans and objectives of management for future operations. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of NVR to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements. Such risk factors include, but are not limited to the following: general economic and business conditions (on both a national and regional level); interest rate changes; access to suitable financing by NVR and NVR's customers; increased regulation in the mortgage banking industry; the ability of our mortgage banking subsidiary to sell loans it originates into the secondary market; competition; the availability and cost of land and other raw materials used by NVR in its homebuilding operations; shortages of labor; weather related slow-downs; building moratoriums; governmental regulation; fluctuation and volatility of stock and other financial markets; mortgage financing availability; and other factors over which NVR has little or no control. NVR undertakes no obligation to update such forward-looking statements except as required by law.




CONTACT: Dan Malzahn +1-703-956-4204