8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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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 24, 2020

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BLUEGREEN VACATIONS CORPORATION

(Exact name of registrant as specified in its charter)

Florida	001-09292	03-0300793
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4960 Conference Way North, Suite 100, Boca Raton, Florida 33431

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (561) 912-8000

Not Applicable

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

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Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $.01 par value	BXG	New York Stock Exchange

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 7.01 Regulation FD Disclosure.

Pursuant to Item 7.01 of Form 8-K, Bluegreen Vacations Corporation (the “Company”) is furnishing materials which were prepared to be included in a presentation to be given by the Company’s management on February 24, 2020. Attached as Exhibit 99.1 to this report are the slides to be included in such presentation which contain certain information relating to the Company that has not previously been made publicly available. The Company is not undertaking to update the attached presentation materials.

The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.1).

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1Presentation Materials – Bluegreen Vacations Corporation – February 24, 2020

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.

Date: February 24, 2020 BLUEGREEN VACATIONS CORPORATION

By:	/s/ Raymond S. Lopez
	Raymond S. Lopez
	Executive Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer

EX-99.1

Exhibit 99.1

VOI Sales Financing & Mortgage Servicing Offers seller-financing to eligibleBluegreen timeshare customers tofacilitate sales and earn net interestprofits. In-house servicing of all Bluegreen receivablesand certain fee-based service clients; centralizedat our Boca Raton, FL headquarters. Bluegreen has been servicing loans for over 25 years. We have an experienced mortgage management team. VOI Notes Receivable Outstanding($ in millions) $1,200 $1,000 $800 $600 $400 $200 $0 12/31/2012 $560 $64 12/31/2013 $548 $86 12/31/2014 $524 $130 12/31/2015 $524 $199 12/31/2016 $544 $277 12/31/2017 $549 $352 12/31/2018 $572 $395 12/31/2019 $589 $421 Bluegreen Fee-Based Service Clients (1) (1) Bluegreen does not incur any losses from defaults on Fee-Based Clients’ loans, which are owned by third parties and are serviced by Bluegreen. However, under certain fee-based service sales and marketing arrangements, Bluegreen does refund sales commissions in connection with early-term defaults and cancellations. bluegreenvacations 1

Bluegreen VOI Delinquency Performance(1) (2)0.00% 2.00% 4.00% 6.00% 8.00% 10.00% June-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 31 Days Delinquent 60 Days Delinquent 90 Days Delinquent Total Delinquent (1) Excludes introductory products(2) Excludes third party FBS loans serviced by BluegreenNote: Loans are generally defaulted, and therefore no longer included in delinquency, after 120 days.Note: Each line on the graph is cumulative in that, for example, the 60-day line includes the 31-day delinquencies, etc. bluegreenvacations 2

VOI Portfolio Dynamics All VOI loans are fixed rate, so the monthly payment for Bluegreen’s borrowers does not change over the life of the loan.* The average monthly payment (approximately $265) for Bluegreen’s borrowers is much less than a typical home mortgage payment. Geographical diversity of obligors, few foreign obligors. Approximately 95% (as of 12/31/19) of Bluegreen’s portfolio is PAC/ACH/Automated. Each sale facility/securitization/hypothecation has a separate, dedicated lockbox. There is a daily automated, repetitive wire to the paying agent/lender for each sale facility/securitization/ hypothecation. Banking Partners in current securitizations: Lock Box – Bank of America Paying Agent & Indenture Trustee – U.S. Bank *In the event a borrower goes off of pre-authorized checking, the interest rate will increase by 1%. bluegreenvacations 3