TAYLOR MORRISON HOME CORPORATION (NYSE:TMHC) Files An 8-K Other EventsITEM 8.01OTHER EVENTS
On September 18, 2017, Taylor Morrison Home Corporation (the “Company”) announced that the Company’s Board of Directors has authorized an extension of its stock repurchase program until December 31, 2018. The Board of Directors also increased the amount available for repurchases under the program such that a maximum total amount of $100 million of the Company’s Class A Common Stock remained under the authorization. The repurchase program had been due to expire on December 31, 2017 and had $56.4 million remaining under the existing authorization that is being extended and increased. Repurchases of the Company’s Class A Common Stock under the program will occur from time to time in open market purchases, privately negotiated transactions or other transactions through December 31, 2018.
Future repurchases under the stock repurchase program are 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.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS
(d)Exhibits
Taylor Morrison Home Corp ExhibitEX-99.1 2 eh1700968_ex9901.htm EXHIBIT 99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACT: Investor Relations Taylor Morrison Home Corporation (480) 734-2060 [email protected] Taylor Morrison Extends and Increases Stock Repurchase Program Repurchase program will have $100 million in availability for repurchases through Dec. 31,…To view the full exhibit click here
About TAYLOR MORRISON HOME CORPORATION (NYSE:TMHC)
Taylor Morrison Home Corporation is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Company is engaged in the business of residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina. The Company operates under the Taylor Morrison and Darling Homes brand names. It also provides financial services to customers through its mortgage subsidiary, Taylor Morrison Home Funding, LLC (TMHF) and title insurance and closing settlement services through its title company, Inspired Title Services, LLC (Inspired Title). The Company’s business is organized into over 15 operating divisions aggregated into three homebuilding segments, East, Central and West, and its Mortgage Operations segment, which includes the activities of TMHF and Inspired Title.
