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 31, 2008
HOVNANIAN ENTERPRISES, INC.
(Exact Name of Registrant as Specified in Charter)
|
Delaware (State or Other Jurisdiction of Incorporation) |
|
1-8551 (Commission File Number)
|
|
22-1851059 (I.R.S. Employer Identification No.) |
110 West Front Street
P.O. Box 500
Red Bank, New Jersey 07701
(Address of Principal Executive Offices) (Zip Code)
(732) 747-7800
(Registrant’s telephone number, including area code)
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)) |
Item 8.01. Other Events.
In connection with a requested amendment to its Amended and Restated Credit Agreement (the “Credit Agreement”), Hovnanian Enterprises, Inc. (“Hovnanian”) obtained waivers of compliance, effective January 31, 2008, with the Consolidated Tangible Net Worth, Fixed Charge Coverage Ratio and Leverage Ratio covenants under the Credit Agreement. The waivers will expire on the earlier of the date on which amendments to such covenants are agreed to or March 14, 2008. Although there can be no assurances, Hovnanian believes it will have entered into an amended Credit Agreement prior to the expiration of the waivers. A discussion of the Credit Agreement is included in the Company’s Annual Report on Form 10-K for the year ended October 31, 2007.
2
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.
|
|
|
|
|
HOVNANIAN ENTERPRISES, INC. |
|||
|
|
|
|
|
(Registrant) |
|||
|
|
|
|
|
|
|||
|
|
|
|
|
By: |
/s/ |
J. Larry Sorsby |
|
|
|
|
|
|
|
Name: |
J. Larry Sorsby |
|
|
|
|
|
|
|
Title: |
Executive Vice
President and Chief Financial |
|
Date: February 4, 2008
3