UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Item 1.01 Entry into a Material Definitive Agreement.
On December 5, 2024, Landsea Homes Corporation (the “Company”) entered into a settlement agreement and release (the “Settlement Agreement”) with Landsea Holdings Corporation (“Landsea Holdings”), pursuant to which, among other things, Landsea Holdings agreed to pay the Company approximately $4.3 million as settlement and compensation for certain services previously provided by the Company to Landsea Holdings.
The foregoing description of the Settlement Agreement does not purport to be a complete description of the Settlement Agreement and is qualified in its entirety by reference to the complete text of the Settlement Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No. | Description |
10.1 | Settlement Agreement and Release, dated as of December 5, 2024, by and between the Company and Landsea Holdings Corporation. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
LANDSEA HOMES CORPORATION | ||
Date: December 5, 2024 | By: | /s/ C. Kelly Rentzel |
Name: C. Kelly Rentzel | ||
Title: General Counsel |