SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): October 28, 1999
INTERNATIONAL AMERICAN HOMES, INC.
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(Exact name of registrant as specified in charter)
Delaware 0-13800 22-2472608
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
9950 Princess Palm Ave., Suite 112, Tampa, FL 33619
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (813) 664-1100
N/A
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(Former name or former address, if changed since last report)
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2
Item 5. Other Events.
On October 28, 1998, the Registrant issued the press release attached
hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
N/A
(b) Pro forma financial information.
N/A
(c) Exhibits
Exhibit Description
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99.1 Registrant's Press Release, dated as of October
28, 1999.
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3
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.
Date: October 28, 1999
INTERNATIONAL AMERICAN HOMES, INC.
By: /s/ Robert I. Antle
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Robert I. Antle
Executive Vice President, Treasurer and
Chief Financial Officer
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4
EXHIBIT INDEX
Exhibit Description
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99.1 Registrant's Press Release, dated as of October
28, 1999.
5
EXHIBIT 99.1
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PRESS RELEASE
For Immediate Release
INTERNATIONAL AMERICAN HOMES, INC.
DETERMINATION OF THE PRICE TO BE PAID IN LIEU OF ISSUING
FRACTIONAL SHARES
Tampa, Florida -- October 28, 1999 --- International American Homes, Inc.
(OTC:1AHM)
A proposal to amend the Company's Restated Certificate of Incorporation to
effect a 1 for 500 reverse stock split and to provide that the price to be paid
in lieu of issuing fractional shares to any International American Homes Inc.
("IAH") stockholder, who, following the reverse stock split, would hold less
than one share of IAH Common Stock of record in any discrete account will be
considered and acted upon at the Annual Meeting of Stockholders of IAH to be
held on November 16, 1999.
The price to be paid for fractional shares shall be an amount equal to the
greater of (i) $5.40 and (ii) the weighted average trading price per share of
all IAH Common Stock sold during the period beginning January 1, 1999 and ending
on the twelfth business day next following the date of the mailing of the Notice
of Annual Meeting (the "notice"). The notice was mailed on October 11, 1999.
The weighted average trading price for the period January 1, 1999 through
October 27, 1999 was $5.13. Accordingly, the price to be paid for fractional
shares if the reverse stock split proposal is approved will be $5.40.
CONTACT
Robert I. Antle, Chief Financial Officer
Tel. (813) 664-1100
Fax (813) 622-6813
