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: October 12, 2000
(Date of earliest event reported)
HomeServices.Com Inc.
--------------------------------------------------------------------------------
(Exact Name of Registrant as specified in its charter)
Delaware 000-27327 41-1945806
--------------------------------------------------------------------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
6800 France Avenue South, Suite 600 Edina, Minnesota 55435
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 928-5900
N/A
--------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
The Registrant announced today that it purchased 1,700,000 of its outstanding
common shares from U.S. Bancorp Piper Jaffray in a block trade after the market
close on October 12 at a price of $10.50 per share.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Business acquired: None
(b) Pro Forma Financial Information: None
(c) Exhibits: Exhibit 1 - News Release dated October 13, 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 hereunto duly authorized.
HomeServices.Com Inc.
Date: October 13, 2000 By: /s/Steven A. McArthur
----------------------
Steven A. McArthur
Senior Vice President
<PAGE>
FOR IMMEDIATE RELEASE
For more information, contact:
Galen Johnson, Senior Vice President and Chief Financial Officer (612) 928-5900
Kevin Waetke, Media Relations (515) 281-2785
HomeServices.Com Announces Purchase of 1.7 Million of its Outstanding Shares
----------------------------------------------------------------------------
MINNEAPOLIS, MINNESOTA, October 13, 2000 - HomeServices.Com Inc. (Nasdaq: HMSV),
announced today that it purchased 1,700,000 of its outstanding common shares
from U.S. Bancorp Piper Jaffray in a block trade after the market close on
October 12 at a price of $10.50 per share, as the company believes that such
transaction is a good long term investment given the current trading range of
the company's common stock. As a result of the transaction, MidAmerican Energy
Holdings Company (the company's largest shareholder) will own approximately 84%
of the company's outstanding common stock.
HomeServices.Com, based in Minneapolis, is the second-largest, full-service
independent residential real estate brokerage firm in the United States based on
closed transaction sides. The HomeServices.Com system offers integrated real
estate services, including mortgage, title and closing services, and various
related e-commerce services. HomeServices.Com operates primarily under the Edina
Realty (www.edinarealty.com), Iowa Realty (www.iowarealty.com), CBSHOME Real
Estate (www.cbshome.com), J.C. Nichols Residential (www.jcnichols.com), Long
Realty (www.longrealty.com), Paul Semonin Realtors (www.semonin.com), Carol
Jones Realty (www.caroljones.com), First Realty/GMAC (www.firstrealtyhomes.com),
and Champion Realty (www.championrealty.com) brand names in 12 states:
Minnesota, Iowa, Nebraska, Kansas, Missouri, Arizona, Kentucky, Wisconsin,
Indiana, North Dakota, South Dakota and Maryland. HomeServices.Com ranks first
or second in market share in each of its major markets, operates 165 branch
offices, has approximately 6,400 sales associates and has an average 49-year
operating history in its major markets. Information about HomeServices.Com and
its principal subsidiary companies is available on the Internet at
www.homeservices.com.
Certain information in this release contains forward-looking statements made
pursuant to the Private Securities Litigation Reform Act of 1995 ("Reform Act").
Such statements are based on current expectations and involve a number of known
and unknown risks and uncertainties that could cause the actual results or
performance of the company to differ materially from any expected future results
or performance, expressed or implied, by the forward-looking statements. In
connection with the safe harbor provisions of the Reform Act, the company has
identified important factors that could cause actual results to differ
materially from such expectations, including uncertainty with respect to future
acquisitions, development, implementation and customer acceptance of e-commerce
services, general industry conditions and fluctuations, management of rapid
growth, changes to regulations and legislation, interest rate changes, access to
capital and future financing. Reference is made to all of the company's SEC
filings, including the company's Report on Form 8-K dated March 17, 2000,
incorporated herein by reference, for a description of such factors. The company
assumes no responsibility to update forward-looking information contained
herein.
