M/I HOMES, INC. (NYSE:MHO) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03Material Modification to Rights of Security Holders.
The information set forth in the second paragraph of Item 8.01of this Form 8-K is incorporated herein by reference.
Item 8.01Other Events.
On September 11, 2012, M/I Homes, Inc. (the “Company”) issued $57.5 million in aggregate principal amount of 3.25% Convertible Senior Subordinated Notes due 2017 (the “2017 Convertible Notes”). The 2017 Convertible Notes mature on September 15, 2017, and the deadline for holders to convert the 2017 Convertible Notes was September 13, 2017. As a result of conversion elections made by holders of the 2017 Convertible Notes, all $57.5 million in aggregate principal amount of the 2017 Convertible Notes are being settled through the issuance of common shares of the Company. In total, the Company will issue approximately 2.4 million of its common shares as a result of conversions in respect of the 2017 Convertible Notes.
Additionally, on September 14, 2017, the Company issued a press release announcing that it will redeem all of its outstanding depositary shares, each representing 1/1,000th of a 9.75% Series A Preferred Share of the Company, on October 16, 2017 at a redemption price per depositary share of $25.00 plus an amount equal to $0.209896 (which amount represents the accrued and unpaid dividends thereon (whether or not earned or declared) from September 15, 2017 to (but excluding) October 16, 2017). A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
M I HOMES INC ExhibitEX-99.1 2 exhibit991redemptionofdepo.htm EXHIBIT 99.1 PRESS RELEAASE 9-14-17 Exhibit Exhibit 99.1M/I Homes Announces Redemption of All Outstanding Depositary Shares Representing Series A Preferred Shares Columbus,…To view the full exhibit click here
About M/I HOMES, INC. (NYSE:MHO)
M/I Homes, Inc. is a builder of single-family homes. The Company consists of two distinct operations: homebuilding and financial services. The Company’s homebuilding operations are aggregated for reporting purposes into three reporting segments: the Midwest, Mid-Atlantic and Southern regions. The Company’s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations and is reported as its own segment. The Company conducts mortgage financing activities through its subsidiary, M/I Financial, LLC (M/I Financial), which originates mortgage loans primarily for purchasers of the Company’s homes. The Company and M/I Financial also operate majority-owned subsidiaries that provide title services to purchasers of the Company’s homes. The Company markets and sells homes primarily under the M/I Homes and Showcase Collection (exclusively by M/I Homes) brands.
