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EX-99.1 - EX-99.1 - BLUEGREEN VACATIONS CORPex99-1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________________

 

FORM 8-K

________________________________

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 3, 2018

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BLUEGREEN VACATIONS CORPORATION

(Exact name of registrant as specified in its charter)

 

Florida   001-09292   03-0300793
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

4960 Conference Way North, Suite 100, Boca Raton, Florida 33431

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (561) 912-8000

 

Not Applicable

(Former name or former address, if changed since last report.)

________________________________

 

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):

 

   
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x

 

 
 

 

Item 8.01 Other Events.

 

On January 3, 2018, Bluegreen Vacations Corporation issued a press release announcing that the Board has declared a cash dividend of $0.15 per share of common stock, payable on January 23, 2018, to shareholders of record at the close of trading on January 16, 2018. Bluegreen currently intends to continue to pay quarterly cash dividends on its common stock of $0.15 per share. However, the declaration of any dividends will be at the discretion of the Board of Directors, and will be based on Bluegreen’s financial condition, results of operations, available cash, capital requirements, general business conditions, prospects and other factors that the Board of Directors deems appropriate, and will be subject to applicable law and contractual restrictions, including restrictions contained in Bluegreen’s credit facilities.

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

99.1 Press release dated January 3, 2018.

 

 

 

SIGNATURES

 

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: January 3, 2018 BLUEGREEN VACATIONS CORPORATION
     
     
  By:  /s/ Anthony M. Puleo
    Anthony M. Puleo
    Executive Vice President, Chief Financial Officer and
Treasurer, President Bluegreen Treasury Services

 

 

 

EXHIBIT INDEX

 

Exhibit Description
99.1 Press release dated January 3, 2018