Forestar Group Inc. (NYSE:FOR) Files An 8-K Results of Operations and Financial ConditionItem 2.02.
On July26, 2018, D.R. Horton, Inc. (“DHI”), the owner of approximately 75% of the outstanding common stock of Forestar Group Inc. (“Forestar”), disclosed selected Forestar financial information as described below in Item 2.02 of this Form 8-K.
The information furnished in this Item 2.02 shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
| Item 2.02. | Regulation FD Disclosure. |
On July26, 2018, DHI reported selected Forestar financial information in DHI’s third quarter fiscal 2018 earnings release as of and for the three and nine months ended June30, 2018. The selected Forestar financial information reported by DHI is attached to this report as Exhibit 99.1.
The selected Forestar financial information reported by DHI included in Exhibit 99.1 hereto and incorporated by reference herein constitutes “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forestar cautions you not to place undue reliance on the selected financial information as this information does not include Forestar’s full nine-month period ended June30, 2018.
The information furnished in this Item 2.02 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
| Item 2.02. | Financial Statements and Exhibits. |
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Forestar Group Inc. ExhibitEX-99.1 2 d581546dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Forestar Financial Information as presented in the Segment Information tables in D.R. Horton’s Q3 FY 2018 press release issued 7/26/18 June 30,…To view the full exhibit click here
About Forestar Group Inc. (NYSE:FOR)
Forestar Group Inc. is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties. Its Oil and Gas segment is an independent oil and gas exploration, development and production operation and manages its owned and leased mineral interests. Its Other Natural Resources segment manages its timber, recreational leases and water resource initiatives. The Company owns directly or through ventures interests in approximately 60 residential and mixed-use projects consisting of over 7,000 acres of real estate located in approximately 10 states and approximately 20 markets.
