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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
MAY 2, 2000
Date of Report (Date of earliest event reported)
LENNAR CORPORATION
(Exact Name of Registrant as Specified in its Charter)
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DELAWARE 1-11749 59-1281887
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
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700 NORTHWEST 107TH AVENUE
MIAMI, FLORIDA 33172
(Address of Registrant's Principal Executive Office) (Zip Code)
(305) 559-4000
(Registrant's Telephone Number, Including Area Code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
The purpose of this current report on Form 8-K/A is to make publicly
available pro forma financial information for the year ended November 30, 1999
(December 31, 1999 as to U.S. Home Corporation) and for the three months ended
February 29, 2000 (March 31, 2000 as to U.S. Home Corporation), reflecting on a
pro forma basis the merger of U.S. Home Corporation into a wholly-owned
subsidiary of Lennar Corporation. The information is presented as though the
merger of U.S. Home Corporation and Lennar's subsidiary had taken place on
December 1, 1998, except that operating results of U.S. Home Corporation are
included as though it had merged with Lennar's subsidiary on January 1, 1999.
ITEM 5. OTHER EVENTS.
In May 2000, Lennar sold $325 million principal amount at maturity of its
9.95% Senior Notes due 2010. Lennar's obligations to pay principal, premium, if
any, and interest under the Notes are guaranteed on a joint and several basis by
substantially all of its subsidiaries, other than subsidiaries engaged in
mortgage and title reinsurance activities. Lennar has determined that separate,
full financial statements of the guarantors would not be material to investors
and, accordingly, supplemental financial information for the guarantors is
included as an exhibit to this current report. Consolidating statements of cash
flows are not presented because cash flows for the non-guarantor subsidiaries
were not significant for any of the periods presented.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(B) Pro Forma Financial Information.
Incorporated by reference to Lennar's Registration Statement, Commission File
No. 333-32860.
(C) Exhibits.
Pro Forma Financial Statements
(a) Pro Forma Combined Condensed Statements of Earnings for the three
months ended February 29,/March 31, 2000 and for the year ended
November 30,/December 31, 1999.
(b) Pro Forma Combined Condensed Balance Sheets at February 29,/March 31,
2000 and November 30,/December 31, 1999.
Supplemental Guarantor Financial Information
(a) Consolidating Condensed Statements of Earnings for Historical Lennar
Corporation and the Historical Lennar Corporation Subsidiary
Guarantors for the three months ended February 29, 2000 and for the
years ended November 30, 1999, 1998 and 1997.
(b) Consolidating Condensed Balance Sheets for Historical Lennar
Corporation and the Historical Lennar Corporation Subsidiary
Guarantors at February 29, 2000 and November 30, 1999 and 1998.
(c) Pro Forma Consolidating Condensed Statements of Earnings for
Historical Lennar Corporation and the Historical Lennar Corporation
Subsidiary Guarantors and Historical U.S. Home Corporation and the
Historical U.S. Home Corporation Subsidiary Guarantors for the three
months ended February 29,/March 31, 2000 and for the year ended
November 30,/December 31, 1999.
(d) Pro Forma Consolidating Condensed Balance Sheets for Historical Lennar
Corporation and the Historical Lennar Corporation Subsidiary
Guarantors and Historical U.S. Home Corporation and the Historical
U.S. Home Subsidiary Guarantors at February 29,/March 31, 2000 and
November 30,/December 31, 1999.
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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 hereunto duly authorized.
LENNAR CORPORATION
By: /s/ BRUCE GROSS
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Name: Bruce Gross
Title: Vice President and Chief
Financial Officer
Date: June 30, 2000
EXHIBIT INDEX
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EXHIBIT NO. EXHIBIT
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99.1 Pro Forma Financial Statements
(a) Pro Forma Combined Condensed Statements of Earnings for
the three months ended February 29,/March 31, 2000 and
for the year ended November 30,/December 31, 1999.
(b) Pro Forma Combined Condensed Balance Sheets at February
29,/March 31, 2000 and November 30,/December 31, 1999.
99.2 Supplemental Guarantor Financial Information
(a) Consolidating Condensed Statements of Earnings for
Historical Lennar Corporation and the Historical Lennar
Corporation Subsidiary Guarantors for the three months
ended February 29, 2000 and for the years ended November
30, 1999, 1998 and 1997.
(b) Consolidating Condensed Balance Sheets for Historical
Lennar Corporation and the Historical Lennar
Corporation Subsidiary Guarantors at February 29, 2000
and November 30, 1999 and 1998.
(c) Pro Forma Consolidating Condensed Statements of Earnings
for Historical Lennar Corporation and the Historical
Lennar Corporation Subsidiary Guarantors and Historical
U.S. Home Corporation and the Historical U.S. Home
Corporation Subsidiary Guarantors for the three months
ended February 29,/March 31, 2000 and for the year ended
November 30,/December 31, 1999.
(d) Pro Forma Consolidating Condensed Balance Sheets for
Historical Lennar Corporation and the Historical Lennar
Corporation Subsidiary Guarantors and Historical U.S.
Home Corporation and the Historical U.S. Home Subsidiary
Guarantors at February 29,/March 31, 2000 and November
30,/December 31, 1999.
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