FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the
month of May, 2008
Commission
File Number: 001-33356
Gafisa
S.A.
(Translation
of registrant’s name into English)
Av.
Nações Unidas No. 8501, 18th floor
São
Paulo, SP, 05477-000
Federative
Republic of Brazil
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether by furnishing the information contained in this Form,
the
Registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
MINUTA
26.05.2008
GAFISA
S.A.
CNPJ/MF
No. 01.545.826/0001-07
NIRE
35.300.147.952
Publicly-Held
Company
Meeting
of the Board of Directors of Gafisa S.A. (“Company”) held on May 26, 2008,
prepared in summary form
1.
Date, Time and Venue: On
May
26, 2008, at 2:00 pm, by conference call, as expressly authorized by Article
20,
§2º, of the Company bylaws.
2.
2. Call Notice and Attendance: The
members of the Board of Directors were regularly summoned. As all members of
the
Company’s Board of Directors attended the meeting, the instatement and approval
quorum were verified.
3.
3. Presiding Board: Chairman:
Gary
Robert Garrabrant. Secretary:
Fabiana
Utrabo Rodrigues.
4.
4. Resolutions:
It was
resolved, unanimously, by the present Board members and without any
restrictions, to approve: (i) the adjustment of the quantity of debentures
of
the Company for the public offering under the 5th
issuance
of simple debentures of the Company, being the 1st
issuance
of debentures of the Company for public offering under the 3rd
Offering
Program (“Issuance” and “Debentures” respectively), as approved by the Meeting
of the Board of Directors of Gafisa S.A. held on May 16, 2008 (“BoD Meeting”),
so as to allow the Company to increase the quantity of Debentures for 25,000,
being 12,500 Debentures of the 1st
series
and 12,500 Debentures of the 2nd
series;
(ii) the adjustment of the aggregate amount of the issuance, as approved by
the
BoD Meeting, which shall allow the Company to increase the aggregate amount
of
the issuance for R$ 250,000,000.00; and (iii) the
confirmation of the remaining resolutions approved at the BoD
Meeting.
5.
Closing: With
no further
matters to be discussed, these minutes were prepared and, after revised and
unanimously approved by the Directors, duly executed. Signatures:
Chairman: Gary Robert Garrabrant. Members: Gary Robert Garrabrant, Thomas Joseph
McDonald, Renato de Albuquerque, Caio Racy Mattar, Richard L. Huber, Fabio
Schvartsman and Gerald Dinu Reiss. Secretary: Fabiana Utrabo
Rodrigues
São
Paulo, May 26, 2008.
[Signatures]