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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
SEPTEMBER 29, 1997
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Date of report (Date of earliest event reported)
SIGNATURE RESORTS, INC.
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(Exact Name of Registrant as Specified in its Charter)
Maryland 000-21193 95-4582157
(State or other Jurisdiction (Commission Title Number) (IRS Employer
of Incorporation) Identification Number)
1875 SOUTH GRANT STREET, SUITE 650
SAN MATEO, CALIFORNIA 94402
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(Address of Principal Executive Offices)
(650) 312-7171
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On September 29, 1997, Signature Resorts, Inc. (the "Company") issued a
press release (the "Press Release") announcing that its Board of Directors had
approved a three-for-two stock split in the form of a common stock dividend
payable on October 27, 1997 to stockholders of record on October 10, 1997. A
copy of the Press Release is attached as exhibit 99 hereto and is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS
Exhibit 99 - Text of Press Release issued by the Company dated
September 29, 1997.
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
SIGNATURE RESORTS, INC.
By: /s/ ANDREW D. HUTTON
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Name: Andrew D. Hutton
Title: Vice President and General Counsel
Dated: October 3, 1997
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EXHIBIT INDEX
99 Text of Press Release issued by the Company dated September 29, 1997.
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Exhibit 99
Signature Resorts, Inc. Announces 3 for 2 Stock Split
SAN MATEO, Calif., Sept. 29 -- Signature Resorts, Inc. (Nasdaq-NNM: SIGR)
today announced that its Board of Directors approved a 3 for 2 stock split in
the form of a dividend on the Company's common stock. Stockholders of record on
October 10, 1997 will receive one additional share of Signature Resorts common
stock for every two shares owned on the record date. The dividend shares will be
delivered October 27, 1997. Fractional shares will be paid in cash.
Signature Resorts currently has approximately 23,746,000 shares of common
stock outstanding which will increase to approximately 35,619,000 shares
outstanding after the stock dividend has been paid.
Signature Resorts, Inc. is the world's largest owner and operator of
vacation ownership resorts. Upon completion of Signature's pending acquisitions
of Vacation Internationale, Ltd. and of the Embassy Suites Resort at Kaanapali
Beach, Maui, Hawaii, Signature's properties will consist of 56 resort locations
in North America and Europe, Signature's existing resorts are located in Poipu
Beach, Kauai, Hawaii; South Lake Tahoe (3), Avila Beach and lake Arrowhead,
California; Sedona (5) and Scottsdale, Arizona; Orlando (2) and Miami Beach,
Florida; St. Maarten, Netherlands Antilles (2); Wiliamsburg, Virginia (2); St.
John, U.S. Virgin Islands; Branson, Missouri; Hilton Head, South Carolina; Lake
Conroe, Texas; England's Lake District and Midlands (3); Southern England, the
Sun Coast of Spain (3); the Spanish Island of Menorca (2); Lanzarote, Canary
Islands; and the Austrian Alps.
This release contains forward looking statements, which include Signature's
expansion plans, Signature's future prospects and other forecasts and statements
of expectations. Actual results may differ materially from those expressed in
any forward looking statements made by Signature, due to among other things,
factors related to whether the Vacation Internationale and Kaanapali
acquisitions close, the assimilation and integration of Vacation Internationale
and the Kaanapali resort into Signature's operations and those factors
identified in part 1 of Signature's Annual Report on Form 10-K for the year
ended December 31, 1996.
SOURCE Signature Resorts Inc.
CONTACT: Michael A. Depatie, Chief Financial Officer, or Dewey W. Chambers,
Treasurer, 650-312-7171, both of Signature Resorts
