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UNITED STATES
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) August 26, 1998
C. BREWER HOMES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-22948 99-0145055
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State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
255-A EAST WAIKO ROAD, WAILUKU, HAWAII 96793
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(Address of Principal Executive Offices) (Zip Code)
808-242-6833
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Registrants telephone number, including area code
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Item 5. Other Events
On August 26, 1998, C. Brewer Homes, Inc. (the "Company") was informed by
the Nasdaq Stock Market, Inc. that the Company did not meet the Nasdaq National
Market maintenance standards for the market value of the public float of the
Company's Class A Common Stock. The Company has been provided until November
24, 1998 to regain compliance with this maintenance standard; otherwise, the
Company's Class A Common Stock will be delisted from the Nasdaq National Market
effective November 25, 1998.
The Company is considering certain procedural remedies which could serve
to temporarily stay any delisting action. However, there can be no assurance
that the Company will regain compliance with this maintenance standard, or
that any procedural remedies or other actions the Company may take will
result in continued listing of the Class A Common Stock on the Nasdaq
National Market. Delisting of the Class A Common Stock could have a material
adverse effect on the market price of, and the efficiency of the trading
market for, the Company's Class A Common Stock.
This report contains forward-looking statements regarding future events and
future performance of the Company that involve risks and uncertainties that
could cause actual results to differ materially. The Company files from time to
time with the Securities and Exchange Commission documents, such as Form 10-K,
Form 10-Q and Form 8-K reports, which contain a description of certain factors
that could cause actual results to differ from current expectations and the
forward-looking statements contained in this report.
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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.
C. BREWER HOMES, INC.
(Registrant)
Date: September 18, 1998 By /s/ Seth A. Bakes
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SETH A. BAKES
President and Chief Executive Officer
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