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): July 11, 1996
BLUEGREEN CORPORATION
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Massachusetts 0-19292 03-0300793
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation file number) Identification number)
5295 Town Center Road, Boca Raton, Florida 33486
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(Address of principal executive offices) (Zip Code)
561-361-2700
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(Registrant's telephone number, including area code)
None
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On July 11, 1996, Bluegreen Corporation (the "Company") announced that the
Company's Board of Directors has authorized the repurchase of up to 500,000
shares of the Company's common stock in the open market from time to time
subject to the Company's financial condition and liquidity, the terms of its
credit agreements, market conditions and other factors. A copy of the press
release announcing the repurchase is attached hereto as Exhibit 99.1.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit Description of Exhibit
99.1 Press Release dated July 11, 1996 issued by
Bluegreen Corporation
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.
Bluegreen Corporation
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Date: July 18, 1996 Alan L. Murray
Treasurer and Chief Financial Officer
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EXHIBIT 99.1
Press Release
Contact: Mary Jo Wiegand, Vice President and Director of Investor Relations
BLUEGREEN CORPORATION ANNOUNCES PLANS FOR STOCK REPURCHASE
Boca Raton, Florida, July 11, 1996 - Bluegreen Corporation (NYSE:BXG)
today announced that the Board of Directors have authorized the repurchase of up
to 500,000 shares of the Company's common stock in the open market from time to
time subject to the Company's financial condition and liquidity, the terms of
its credit agreements, market conditions and other factors.
Bluegreen is engaged in the acquisition, development, marketing and
sale of recreational land, residential land and vacation owership resorts. The
Company operates in twenty-one of the United States and is headquartered in Boca
Raton, Florida.
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