UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01 | Other Events. |
On December 15, 2023, Taylor Morrison Home Corporation (the “Company”) announced that the Company’s Board of Directors authorized a renewal of the Company’s stock repurchase program through December 31, 2025, which authorization replaced the Company’s prior $500 million repurchase authorization scheduled to expire on December 31, 2023. The stock repurchase program, as renewed, permits the repurchase of up to $500 million of the Company’s Common stock, par value $0.00001 per share (the “Common Stock”) from December 12, 2023 through December 31, 2025. Repurchases of the Company’s Common Stock under the program may occur from time to time in open market purchases, privately negotiated transactions or other transactions.
Repurchases of Common Stock under the program are subject to prevailing market conditions and other considerations, including the Company’s liquidity, the terms of its debt instruments, legal requirements, planned land investment and development spending, acquisition and other investment opportunities and ongoing capital requirements. The program does not require the Company to repurchase any specific number of shares of Common Stock, and the program may be suspended, extended, modified or discontinued at any time.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press release issued December 15, 2023 by Taylor Morrison Home Corporation. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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.
Dated: December 15, 2023
| Taylor Morrison Home Corporation | ||||
| By: | /s/ Darrell C. Sherman | |||
| Name: | Darrell C. Sherman | |||
| Title: | Executive Vice President, Chief Legal Officer and Secretary | |||