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MTH > SEC Filings for MTH > Form 8-K on 2-Dec-2011All Recent SEC Filings

Show all filings for MERITAGE HOMES CORP

Form 8-K for MERITAGE HOMES CORP


2-Dec-2011

Material Impairments, Other Events


ITEM 2.06 MATERIAL IMPAIRMENTS

On December 2, 2011, we announced in a press release that as part of a strategic repositioning we will be winding down our homebuilding operations in Las Vegas as we build out and complete our existing communities. We further announced that we intend to sell our remaining lots in communities that have not opened. In connection with these actions, we expect to incur charges of approximately $8 million during the fourth quarter of 2011, none of which are expected to result in future cash expenditures. Our conclusion to take these actions and the resulting charges occurred on December 1, 2011.



ITEM 8.01 OTHER EVENTS

On December 2, 2011, we also announced in a press release that we were entering the Tampa market. A copy of this press release, including information concerning forward-looking statements and factors that may affect our future results, is attached as Exhibit 99.1. This press release is being furnished, not filed, under Item 8.01 in this Report on Form 8-K.

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