0000950142-15-002619.txt : 20151215 0000950142-15-002619.hdr.sgml : 20151215 20151215163213 ACCESSION NUMBER: 0000950142-15-002619 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151215 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151215 DATE AS OF CHANGE: 20151215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Taylor Morrison Home Corp CENTRAL INDEX KEY: 0001562476 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 900907433 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35873 FILM NUMBER: 151288839 BUSINESS ADDRESS: STREET 1: 4900 N. SCOTTSDALE ROAD, SUITE 2000 CITY: SCOTTSDALE STATE: AZ ZIP: 85251 BUSINESS PHONE: 480-840-8100 MAIL ADDRESS: STREET 1: 4900 N. SCOTTSDALE ROAD, SUITE 2000 CITY: SCOTTSDALE STATE: AZ ZIP: 85251 8-K 1 eh1501444_8k.htm FORM 8-K
 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 15, 2015

Taylor Morrison Home Corporation
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction of incorporation)
 
001-35873
90-0907433
(Commission File Number)
(I.R.S. Employer Identification No.)
 
4900 N. Scottsdale Road, Suite 2000
  
Scottsdale, AZ
85251
(Address of principal executive offices)
(Zip Code)

(480) 840-8100
(Registrant’s Telephone Number, Including Area Code)

NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)

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))



ITEM 8.01 OTHER EVENTS
On December 15, 2015, Taylor Morrison Home Corporation (the “Company”) issued a press release announcing that its Board of Directors had authorized an extension of its stock repurchase program until December 31, 2016.  The stock repurchase program, which was due to expire on December 31, 2015, permits the repurchase of up to $50 million of the Company’s Class A Common Stock in open market purchases, privately negotiated transactions or other transactions.  The stock repurchase program is subject to prevailing market conditions and other considerations, including the Company’s liquidity, the terms of its debt instruments, planned land investment and development spending, acquisition and other investment opportunities and ongoing capital requirements.  As of December 14, 2015, the Company had repurchased 490,479 shares of its Class A Common Stock pursuant to the stock repurchase program since the program’s inception in November 2014.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit No. Description
.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: December 15, 2015
 
 
Taylor Morrison Home Corporation
  
       
 
By:
/s/ Darrell C. Sherman  
    Name:  Darrell C. Sherman  
   
Title:    Vice President, Secretary and
                 General Counsel
  
       
 
 
 




 EX-99.1 2 eh1501444_ex9901.htm EXHIBIT 99.1
EXHIBIT 99.1
 

FOR IMMEDIATE RELEASE
 
CONTACT:
Investor Relations
Taylor Morrison Home Corporation
(480) 734-2060
investor@taylormorrison.com

 

TAYLOR MORRISON EXTENDS
STOCK REPURCHASE PROGRAM
SCOTTSDALE, AZ, December 15, 2015 – Taylor Morrison Home Corporation (NYSE: TMHC) (the "Company") today announced that its Board of Directors has authorized an extension of its stock repurchase program until December 31, 2016.  The stock repurchase program, which was due to expire on December 31, 2015, permits the repurchase of up to $50 million of the Company's Class A Common Stock in open market purchases, privately negotiated transactions or other transactions. As of December 14, 2015, the Company had repurchased 490,479 shares of its Class A Common Stock pursuant to the stock repurchase program since the program's inception in November 2014.

"Our stock repurchase program demonstrates our commitment to our multi-faceted approach for allocating capital," said Sheryl Palmer, President and CEO.  "We applied our disciplined method of evaluating available investment strategies and determined that the market provided us with a compelling reason to acquire our stock at an attractive valuation.  We believe that extending the program through the end of next year will give us ongoing flexibility to act on an opportunistic basis while we remain focused on profitably growing our business."

The stock repurchase program is subject to prevailing market conditions and other considerations, including the Company's liquidity, the terms of its debt instruments, planned land investment and development spending, acquisition and other investment opportunities and ongoing capital requirements.

About Taylor Morrison

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer based in Scottsdale, Arizona and operates under two well-established brands, Taylor Morrison and Darling Homes. Taylor Morrison builds and develops distinctive communities from coast to coast, serving a wide array of homeowners and aimed mainly at first-time, move-up, luxury and 55 or better customers. Darling Homes builds communities in Texas primarily catering to move-up and luxury homebuyers seeking a personalized building experience.
For more information about Taylor Morrison and Darling Homes please visit www.taylormorrison.com or www.darlinghomes.com.
 
Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control.