UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) September 29, 2004
Avatar Holdings Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-7616 23-1739078
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(Commission File Number) (IRS Employer Identification No.)
201 Alhambra Circle
Coral Gables, Florida 33134
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(Address of Principal Executive Offices) (Zip Code)
(305) 442-7000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
(d) On September 29, 2004, the Board of Directors of Avatar Holdings Inc.
voted to increase the size of the Board to eleven members, and Joshua Nash was
elected as a director and as Chairman of the Board. Joshua Nash succeeds Jack
Nash as Chairman of the Board; Jack Nash will remain a director of Avatar. As
Chairman of the Board, Joshua Nash will also serve as a member of the Executive
Committee of the Board.
As Chairman of the Board, Joshua Nash will not receive any compensation,
aside from director fees. Jack Nash, Joshua Nash's father, received $100,000 per
annum for service as Avatar's Chairman of the Board.
Avatar issued a press release on September 30, 2004, regarding the
election of Mr. Joshua Nash as a new director. A copy of the press release is
attached hereto as Exhibit 99.1
Item 9.01. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press Release dated September 30, 2004.
SIGNATURE
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.
AVATAR HOLDINGS INC.
Date: September 30, 2004 By: /s/ Juanita I. Kerrigan
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Name: Juanita I. Kerrigan
Title: Vice President and Secretary
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated September 30, 2004.
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