SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): January 14, 1998 M.D.C. Holdings, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-8951 84-0622967 ----------------- ----------------------- ------------------- (State or other (Commission file number) (I.R.S. employer jurisdiction of identification no.) incorporation) 3600 South Yosemite Street, Suite 900, Denver, Colorado 80237 ------------------------------------------------------- --------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (303) 773-1100 ----------------------------------------------------------------------- Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS On October 1, 1997, the Company entered into Employment Agreements with Larry A. Mizel, Chairman of the Board and President of the Company and David D. Mandarich, Executive Vice President-Real Estate and Chief Operating Officer of the Company. Copies of the Employment Agreements are attached to this Form 8-K as Exhibits 99.1 and 99.2, respectively. On January 14, 1998, the Company published a News Bulletin reporting the Company's sales and backlog for the fourth quarter and full year ended December 31, 1997, a copy of which is attached to this Form 8-K as Exhibit 99.3 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. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial statements of business acquired Not applicable (b) Pro-forma financial information Not applicable (c) Exhibits 99.1 Employment Agreement between the Company and Larry A. Mizel dated October 1, 1997. 99.2 Employment Agreement between the Company and David D. Mandarich dated October 1, 1997. 99.3 News Bulletin reporting the Company's sales, closings and backlog for the fourth quarter and year ended December 31, 1997. M.D.C. HOLDINGS, INC. /s/ Paris G. Reece III By: Paris G. Reece III Senior Vice President and Chief Financial Officer Dated: January 14, 1998