SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
SEPTEMBER 5, 2002
Date of Report
(Date of earliest event reported)
THE RYLAND GROUP, INC.
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(Exact name of registrant as specified in its charter)
MARYLAND 001-08029 52-849948
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(State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.)
Incorporation)
24025 PARK SORRENTO, SUITE 400, CALABASAS, CALIFORNIA 91302
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (818) 223-7500
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On August 23, 2002, the Board of Directors of The Ryland Group, Inc.
(Ryland) approved an employment agreement (including a supplemental executive
retirement plan), dated as of July 1, 2002, by and between Ryland and R. Chad
Dreier, Ryland's Chairman of the Board of Directors, Chief Executive Officer
and President.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c)
Exhibit Description
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10.1 Employment Agreement (including
a Supplemental Executive
Retirement Plan), dated as of
July 1, 2002, by and between The
Ryland Group, Inc. and R. Chad
Dreier.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
THE RYLAND GROUP, INC.
Date: September 5, 2002 By: /s/ Timothy J. Geckle
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Timothy J. Geckle
Senior Vice President and
General Counsel
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EXHIBIT INDEX
Exhibit Description
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10.1 Employment Agreement (including
a Supplemental Executive
Retirement Plan), dated as of
July 1, 2002, by and between The
Ryland Group, Inc. and R. Chad
Dreier.