AV Homes, Inc. (NASDAQ:AVHI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 4, 2017, Kelvin Davis notified AV Homes, Inc. (the “Company”) of his intention to resign from the Company’s Board of Directors (the “Board”) effective January 31, 2017. Mr. Davis was designated for election to the Company’s Board by TPG Aviator, L.P. (“TPG”) in accordance with the terms of a stockholders agreement between TPG and the Company. The Company is coordinating with TPG regarding the identification and appointment of Mr. Davis’s TPG designated replacement.

About AV Homes, Inc. (NASDAQ:AVHI)

AV Homes, Inc. is a homebuilder engaged in the business of homebuilding and community development in Florida, Arizona and the Carolinas. The Company is also engaged in other real estate activities, such as the operation of amenities and the sale of land for third-party development. The Company’s segments include Florida, Arizona and the Carolinas. It focuses on the development and construction of primary residential communities serving first-time and move-up buyers, including under its local Bonterra Builders and Royal Oak Homes brands, and active adult communities, which are age-restricted to the age 55 and over active adult demographic. It owns approximately 5,010 developed residential lots, over 3,140 partially developed residential lots, approximately 8,650 undeveloped residential lots, and over 14,450 acres of mixed-use, commercial and industrial land. Its active adult communities include Solivita, CantaMia, Vitalia at Tradition, Encore at Eastmark and Creekside at Bethpage.

AV Homes, Inc. (NASDAQ:AVHI) Recent Trading Information

AV Homes, Inc. (NASDAQ:AVHI) closed its last trading session up +0.10 at 16.35 with 27,876 shares trading hands.