-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MwmSwM1AsRZL6dA3WdbkdCnjhzxGlCLl55wJ35JiDq7jb8N+f5yrOav3KaRW1Jbh NMwR2oSw8KwlkwJlfPDZmg== 0001047469-03-005527.txt : 20030214 0001047469-03-005527.hdr.sgml : 20030214 20030214130627 ACCESSION NUMBER: 0001047469-03-005527 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030214 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAZER HOMES USA INC CENTRAL INDEX KEY: 0000915840 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 582086934 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12822 FILM NUMBER: 03565247 BUSINESS ADDRESS: STREET 1: 5775 PEACHTREE DUNW00DY RD STREET 2: STE B 200 CITY: ATLANTA STATE: GA ZIP: 30342 BUSINESS PHONE: 4042503420 MAIL ADDRESS: STREET 1: 5775 PEACHTREE DUNWOODY RD STREET 2: STE C-200 CITY: ATLANTA STATE: GA ZIP: 30342 8-K 1 a2103376z8-k.htm 8-K
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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: February 14, 2003

BEAZER HOMES USA, INC.
(Exact name of registrant as specified in its charter)

DELAWARE
(State or other jurisdiction of incorporation)
  001-12822
(Commission File Number)
  54-2086934
(IRS Employer Identification No.)


5775 Peachtree Dunwoody Road, Suite B-200
Atlanta Georgia 30342
(Address of Principal Executive Offices)

(404) 250-3420
(Registrant's telephone number, including area code)

None
(Former name or former address, if changed since last report)




Item 5. Other Events.

        On February 12, 2003, Beazer Homes USA, Inc. (the "Company") issued the press release attached hereto as exhibit 99.1 and made a part hereof announcing that its Board of Directors has authorized a stock repurchase program of up to one million shares of its common stock. For additional information, please see the press release.

Item 7. Financial Statements and Exhibits.

(c)
Exhibits

99.1   Press release issued February 12, 2003.


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.

    BEAZER HOMES USA, INC.

Date: February 14, 2003

 

By:

/s/  
DAVID S. WEISS      
David S. Weiss
Executive Vice President and Chief Financial Officer



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SIGNATURES
EX-99.1 3 a2103376zex-99_1.htm EXHIBIT 99.1
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EXHIBIT 99.1

         LOGO

    Press Release
For Immediate Release


Beazer Homes USA, Inc. Board of Directors
Authorizes Stock Repurchase of Up to One Million Shares

        Atlanta, Ga., February 12, 2003—Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) announced today that its Board of Directors has authorized a stock repurchase program of up to one million shares of its common stock. The Company may repurchase these shares in the open market from time to time, subject to market conditions.

        Ian J. McCarthy, President and Chief Executive Officer of Beazer Homes, said, "In authorizing this stock repurchase, our Board of Directors is reaffirming its confidence in the long-term cash flow generation and growth prospects for our business. In addition, they are expressing the view that our stock price does not fairly reflect those prospects and that the allocation of funds to a stock repurchase fits with our focus on return on capital. The Board of Directors intends to continually review the appropriate allocation of funds among reinvestment in the business, acquisitions, return of capital to shareholders and repayment of debt, given our commitment to a conservative financial position and maximizing return on capital."

        Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.

Contact:   David S. Weiss
Executive Vice President and
Chief Financial Officer
(404) 250-3420
dweiss@beazer.com



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Beazer Homes USA, Inc. Board of Directors Authorizes Stock Repurchase of Up to One Million Shares
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