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
September 23, 1998
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(Date of Report--Date of Earliest Event Reported)
D. R. Horton, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-14122 75-2386963
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1901 Ascension Boulevard, Suite 100, Arlington, Texas 76006
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(Address of Principal Executive Offices)
(817) 856-8200
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On September 23, 1998, D. R. Horton, Inc. (the "Company") gave notice that on
November 1, 1998 the Company would redeem all of its outstanding 6 7/8%
Convertible Subordinated Notes due 2002 (the "Notes"). Pursuant to Article 3 of
the Indenture governing the Notes, such redemption will be at $1,034.38, plus
accrued interest in the amount of $34.38, for a total payment of $1,068.76 for
each $1,000 principal amount of Notes.
The Notes are convertible into shares of the Company's common stock at a
conversion rate of 94.73625 shares of Company common stock for each $1,000
principal amount of Notes prior to 5:00 p.m. New York time on October 29, 1998.
No payment or adjustment will be made for interest accrued on the Notes
surrendered for conversion or for dividends on the common stock issued on
conversion.
The Notice of Redemption is attached hereto as Exhibit 99.1 and incorporated
herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Notice of Redemption dated September 22, 1998.
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.
Date: September 23, 1998
D. R. Horton, Inc.
By: /s/Charles N. Warren
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Charles N. Warren
Senior Vice President