HOVNANIAN ENTERPRISES 8-K 2012
Date of Report (Date of earliest event reported): March 26, 2012
HOVNANIAN ENTERPRISES, INC.
110 West Front Street
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):
Item 3.02. Unregistered Sales of Equity Securities.
Pursuant to agreements with bondholders, each dated March 26, 2012, Hovnanian Enterprises, Inc. (the Company) issued an aggregate of 981,302 shares of the Company's Class A common stock, par value $0.01 per share, in exchange for an aggregate of approximately $4.1 million aggregate principal amount of the Company's outstanding 8.625% Senior Notes due 2017 (the exchanges).
The exchanges were effected with existing bondholders and no commission or other remuneration was paid or given directly or indirectly for soliciting such exchanges. Accordingly, the exchanges were effected pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended.
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: March 30, 2012