M.D.C. Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
$MDC
Homebuilding
Consumer Discretionary
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): April 18, 2024
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Effective April 18, 2024, M.D.C. Holdings, Inc. (the “Company”) entered into a First Amendment to Sublease Agreement with CVentures, Inc., an affiliate of Larry A. Mizel, the Company’s Executive Chairman. Mr. Mizel is a director and chairman of CVentures, Inc. The First Amendment provides CVentures, Inc. with an option to extend the term of the Sublease Agreement dated November 1, 2016, for an additional two-year period expiring on a date no later than October 21, 2028. Notwithstanding the foregoing, the sublease will automatically terminate upon the termination of the master lease if such termination occurs prior to the end of the additional extension term. Subtenant will pay base rent to the Company, in advance on the first day of each calendar month of the additional extension term, in an amount equal to its proportionate share of the base rent that the Company is required to pay under the master lease during such term.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
| Exhibit Number | Description | |||||||
| 10.1 | ||||||||
| 104 | Cover Page Interactive Data file (formatted in Inline XBRL) | |||||||
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 thereunto duly authorized.
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| M.D.C. HOLDINGS, INC. | ||||||||||||||
| Dated: | April 23, 2024 | By: | /s/ Joseph H. Fretz | |||||||||||
| Joseph H. Fretz | ||||||||||||||
| Vice President, Secretary and Corporate Counsel | ||||||||||||||
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