Securities and Exchange Commission
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act 1934
Date of Report April 14, 2000
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(Date of earliest event reported)
HomeServices.Com Inc.
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(Exact name of registrant as specified in its charter)
Delaware 000-27327 41-1945806
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
6800 France Avenue South, Suite 600 Edina, Minnesota 55435
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(Address of principal executive offices) Zip Code
Registrant's Telephone Number, including area code: (612) 928-5900
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N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
The Registrant announced today that it has been advised by its largest
shareholder, MidAmerican Energy Holdings Company ("MEHC"), that MEHC has
purchased an additional 500,000 outstanding common shares of the Registrant in a
block trade at the market price from U.S. Bancorp Piper Jaffray for long-term
investment purposes.
Item 7. Exhibits
Exhibit 1 - Press Release dated March 14, 2000
<PAGE>
SIGNATURE
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.
HomeServices.Com Inc.
Dated: April 14, 2000 By: /s/ Douglas L. Anderson
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Douglas L. Anderson
Assistant Secretary
<PAGE>
Exhibit 1
NEWS RELEASE
FOR IMMEDIATE RELEASE
For more information, contact:
Kara Paymar, Public Relations (612) 928-5068
Jodie Stephens, Investor Relations (888) 485-0018
HomeServices.Com Announces Increase in Holdings by Largest Shareholder
MINNEAPOLIS, MINNESOTA, April 14, 2000 - HomeServices.Com Inc. (Nasdaq: HMSV),
announced today that it has been advised by its largest shareholder, MidAmerican
Energy Holdings Company (MEHC), that MEHC has purchased an additional 500,000
outstanding common shares in a block trade at the market price from U.S.Bancorp
Piper Jaffray for long-term investment purposes as MEHC believes the HMSV common
stock is currently undervalued in the market. With this additional investment,
MEHC owns approximately 81.5% of HMSV's outstanding common stock.
HomeServices, based in Minneapolis, is the nation's second-largest full-service
independent residential real estate brokerage firm in the country based on
closed transaction sides. It also offers integrated real estate services,
including mortgage, title and closing services, and is developing various
related e-commerce services. HomeServices currently operates primarily under the
Edina Realty, Iowa Realty, CBSHOME Real Estate, J.C. Nichols Residential, Long
Realty, Paul Semonin Realtors, Carol Jones Realty, First Realty Better Homes and
Gardens, and Champion Realty brand names in the following 12 states: Minnesota,
Iowa, Nebraska, Kansas, Missouri, Arizona, Kentucky, Wisconsin, Indiana, North
Dakota, South Dakota and Maryland. HomeServices occupies the number one or
number two market share positions in each of its major markets, operates 160
branch offices, has approximately 6,350 sales associates and has an average
54-year operating history in its major markets. Information about HomeServices
and its principal subsidiary companies is available on the Internet at
www.homeservices.com.
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