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)
July 16, 2003
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CLAYTON HOMES, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-8824 62-1671360
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(State or other (Commission File (IRS Employer
jurisdiction Number) Identification No.)
of incorporation)
5000 Clayton Road
Maryville, Tennessee 37804
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(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
(865) 380-3000
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On July 16, 2003, the Company filed a press release reporting the extension of
the expiration date for the option tender offer. A copy of the press release is
attached as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
99.1 Press Release dated July 16, 2003 reporting the extension of
the expiration date for the option tender offer.
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SIGNATURE
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.
CLAYTON HOMES, INC.
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(Registrant)
Date: July 16, 2003 /s/ Kevin T. Clayton
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Kevin T. Clayton
Chief Executive Officer and President
(Principal Executive Officer)
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION PAGE
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99.1 Press Release dated July 16, 2003 5
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EXHIBIT 99-1
NEWS RELEASE
FOR IMMEDIATE RELEASE
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JULY 16, 2003 CONTACT: INVESTOR RELATIONS
PHONE: 865-380-3206
FAX: 865-380-3784
CLAYTON HOMES, INC. (CMH: NYSE) EXTENDS EXPIRATION DATE FOR OPTION TENDER OFFER
Clayton Homes, Inc. announced today that, as contemplated by the Company's Offer
to Purchase, it is extending the expiration date for its offer to purchase for
cancellation certain of its outstanding stock options. The expiration date,
which was scheduled to be 5:00 p.m, Eastern Daylight Time, on July 15, 2003, has
been extended until 5:00 p.m., Eastern Daylight Time, on July 18, 2003, unless
extended or terminated. The company has announced that as of yesterday it had
received more than the number of options required to satisfy that obligation
under the merger agreement with Berkshire Hathaway.
This press release is not an offer to purchase or a solicitation of acceptance
of the offer to purchase, which may be made only pursuant to the terms of the
Offer to Purchase, dated June 16, 2003, and related Election to Tender Eligible
Options.
Clayton Homes, Inc. is a vertically integrated manufactured housing company with
20 manufacturing plants, 296 Company owned stores, 611 independent retailers, 86
manufactured housing communities, and financial services operations that provide
mortgage services for 168,000 customers and insurance protection for 100,000
families.
This press release contains forward-looking statements with respect to
management's beliefs about the financial condition, results of operations and
business of Clayton Homes in the future. These statements involve risks and
uncertainties. The actual outcome could differ materially from that contemplated
by such statements. Factors that could cause or contribute to such differences
could include, but are not limited to: market conditions in the manufactured
housing market, the degree of continued market acceptance of Clayton Homes'
products, competition, failure of the requisite stockholders to approve the
merger, litigation related to the merger, and merger-related costs and expenses.
The non-merger related factors mentioned above, as well as other factors that
could affect Clayton Homes' business, are discussed in Clayton Homes' Annual
Report on Form 10-K for the fiscal year ended June 30, 2002, on file with the
Securities and Exchange Commission. Clayton Homes does not undertake any
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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