Green Brick Partners, Inc 8-K, filed Feb 5, 2024
Green Brick Partners, Inc. (GRBK)
8-K
2024-02-05
For: 2024-02-01
View Original
Added on
April 04, 2026
About this 8-K
Green Brick Partners, Inc filed this 8-K on February 5, 2024, reporting on events of February 1, 2024.
Items reported
- Item 8.01: Other events
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 1, 2024
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Item 8.01 Other Events.
On February 1, 2024, Green Brick Partners, Inc., a Delaware corporation (the “Company”), through its wholly-owned subsidiary, sold its non-controlling interest in GB Challenger, LLC (“GB Challenger”) to the entity that already held the controlling interest in GB Challenger. GB Challenger operates the builder Challenger Homes in Colorado. The Company intends to use the proceeds from the transaction, approximately $64 million, for investment in and expansion of opportunities with those builders in which it holds a controlling or one-hundred percent (100%) ownership interest, particularly including the growth and expansion of its Trophy Signature Homes brand into the Austin market and other potential new markets.
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.
GREEN BRICK PARTNERS, INC. | |||||
| By: | /s/ Richard A. Costello | ||||
| Name: | Richard A. Costello | ||||
| Title: | Chief Financial Officer | ||||
Date: February 5, 2024