Harbor Custom Development, Inc. Form 8-K: Current report
Filings on SEC EDGAR, newest first; amendments sit with their base form. Values are as filed.
- 2021-12-28: Form 8-K; Period of report 2021-12-17; Description 8.01 Other Events; Details 8.01.
- 2021-12-16: Form 8-K; Period of report 2021-12-14; Description 8.01 Other Events; Details 8.01.
- 2021-11-22: Form 8-K; Period of report 2021-11-19; Description 8.01 Other Events; Details 8.01.
- 2021-11-15: Form 8-K; Period of report 2021-11-15; Description 2.02 Results of Operations and Financial Condition; Details 2.02.
| Filed | Form | Period of report | Description | Details | Document |
|---|---|---|---|---|---|
| 2021-12-28 | 8-K | 2021-12-17 | 8.01 Other Events | 8.01 On December 17, 2021, Harbor Custom Development, Inc. (the “Company”) issued a press release announcing that it anticipates accepting Bitcoin and other digital currencies as payment for its listed land, developed lots, residential homes, condominiums, and apartments in Washington, California, Texas, and Florida, beginning on January 24, 2022. | form8-k.htm |
| 2021-12-16 | 8-K | 2021-12-14 | 8.01 Other Events | 8.01 On December 14, 2021, the board of directors of the Company declared a monthly cash dividend on the Company’s 8.0% Series A Cumulative Convertible Preferred Stock of $0.167 per share. | form8-k.htm |
| 2021-11-22 | 8-K | 2021-11-19 | 8.01 Other Events | 8.01 On November 4, 2021, Harbor Custom Development, Inc. (the “Company”) announced that on November 3, 2021, its Board of Directors authorized the repurchase of up to $5 million worth of shares of common stock, representing approximately 17% of its outstanding shares, beginning November 22, 2021 and continuing through May 22, 2022 (the “Plan”). | form8-k.htm |
| 2021-11-15 | 8-K | 2021-11-15 | 2.02 Results of Operations and Financial Condition | 2.02 On November 15, 2021, Harbor Custom Development, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2021. | form8-k.htm |
| 2021-11-15 | 8-K | 2021-11-11 | 8.01 Other Events | 8.01 On November 11, 2021, the board of directors of the Company declared a monthly cash dividend on the Company’s 8.0% Series A Cumulative Convertible Preferred Stock of $0.167 per share. | form8-k.htm |
| 2021-11-12 | 8-K | 2021-11-05 | 7.01 Regulation FD Disclosure | 7.01 As previously reported on a Current Report on Form 8-K of Harbor Custom Development, Inc. ( the “Company”) dated October 8, 2021, the Company closed a public offering on October 7, 2021 (the “Offering”) for its 8.0% Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Shares”) and warrants to purchase Common Stock at $2.97 per share of Common Stock (the “Warrants”). | form8-k.htm |
| 2021-11-12 | 8-K | 2021-11-10 | 7.01 Regulation FD Disclosure | 7.01 On November 10, 2021, Sterling Griffin, President and Chief Executive Officer of Harbor Custom Development, Inc. (the “Company”) discussed during an interview with Benzinga that the Company had $3.7 million in net income in the third quarter of 2021 and that he fully expects that the Company’s fourth quarter revenues and net income will surpass the third quarter. | form8-k.htm |
| 2021-11-05 | 8-K | 2021-11-03 | 8.01 Other Events | 8.01 On November 4, 2021, Harbor Custom Development, Inc. (the “Company”) announced that on November 3, 2021, its Board of Directors authorized the repurchase of up to $5 million worth of shares of common stock, representing approximately 17% of its outstanding shares, beginning November 22, 2021 and continuing through May 22, 2022. | form8-k.htm |
| 2021-11-02 | 8-K | 2021-10-29 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On August 18, 2021, Harbor Custom Development, Inc. (the “Company”) filed a Current Report on Form 8-K to disclose that Tim O’Sullivan was the acting Chief Financial Officer of the Company on an interim basis until the Company appoints a permanent replacement. | form8-k.htm |
| 2021-11-01 | 8-K | 2021-11-01 | 2.02 Results of Operations and Financial Condition | 2.02 On November 1, 2021, Harbor Custom Development, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2021. | form8-k.htm |
| 2021-10-25 | 8-K | 2021-10-19 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 As previously disclosed on a Current Report on Form 8-K filed on August 18, 2021, Tim O’Sullivan is the acting Chief Financial Officer of Harbor Custom Development, Inc. (the “Company”) on an interim basis until the Company appoints a permanent replacement. | form8-k.htm |
| 2021-10-19 | 8-K | 2021-10-13 | 8.01 Other Events | 8.01 On October 13, 2021, the board of directors of the Company declared a monthly cash dividend on the Company’s 8.0% Series A Cumulative Convertible Preferred Stock of $0.167 per share. | form8-k.htm |
| 2021-10-08 | 8-K | 2021-10-04 | 1.01 Entry into a Material Definitive Agreement; 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; 8.01 Other Events | 1.01 On October 4, 2021, Harbor Custom Development, Inc., a Washington corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity LLC (the “Underwriter”), pursuant to which the Company agreed to sell to the Underwriter in a firm commitment underwritten public offering (the “Offering”) 2,400,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock (“Series A Preferred Shares”) and 12,000,000 warrants (the “Warrants”) to purchase common stock at $2.97 per share. 5.03 On August 13, 2021, the Company filed with the Secretary of State of Washington the Amendment to the Certificate of Designation, which increases the total authorized Series A Preferred Shares to 5,000,000. 8.01 On October 5, 2021, the Company issued a press release announcing the pricing of the Offering. | form8-k.htm |
| 2021-09-20 | 8-K | 2021-09-20 | 8.01 Other Events | 8.01 On September 20, 2021, the board of directors of the Company declared a monthly cash dividend on the Company’s 8.0% Series A Cumulative Convertible Preferred Stock of $0.167 per share. | form8-k.htm |
| 2021-08-31 | 8-K | 2021-08-27 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 8.01 Other Events | 5.02 On August 27, 2021, the Board of Directors (the “Board”) of Harbor Custom Development, Inc. (the “Company”) elected Chris Corr as a new director to fill the vacancy in the Board created by the resignation of Robb Kenyon. 8.01 As previously disclosed on a current report on Form 8-K on September 8, 2020, on September 1, 2021, the Company ceased to be a “controlled company” within the meaning of the Nasdaq rules. | form8-k.htm |
| 2021-08-18 | 8-K | 2021-08-17 | 7.01 Regulation FD Disclosure | 7.01 On August 17, 2021, Sterling Griffin, President and Chief Executive Officer of Harbor Custom Development, Inc. (the “Company”), discussed the Company’s second quarter of 2021 financial results and outlook during an earnings call (the “Earnings Call”). | form8-k.htm |
| 2021-08-18 | 8-K | 2021-08-12 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 8.01 Other Events | 5.02 On August 17, 2021, Lynda Meadows, the Chief Financial Officer of Harbor Custom Development, Inc. (the “Company”) notified the Company of her decision to retire, effective August 24, 2021. 8.01 On August 12, 2021, the board of directors of the Company declared a monthly cash dividend on the Company’s 8.0% Series A Cumulative Convertible Preferred Stock of $0.167 per share. | form8-k.htm |
| 2021-08-16 | 8-K | 2021-08-16 | 2.02 Results of Operations and Financial Condition | 2.02 On August 16, 2021, Harbor Custom Development, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2021. | form8-k.htm |
| 2021-07-21 | 8-K | 2021-07-21 | 8.01 Other Events | 8.01 On July 21, 2021, the Board of Directors of Harbor Custom Development, Inc. (the “Company”) declared a monthly cash dividend on the Company’s 8.0% Series A Cumulative Convertible Preferred Stock for the July dividend and the June dividend in arrears for the aggregate amount of $0.278 per share. | form8-k.htm |
| 2021-07-14 | 8-K | 2021-07-08 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On July 8, 2021, Robb Kenyon notified Harbor Custom Development, Inc. (the “Company”) of his decision to resign from the Company’s board of directors, effective July 8, 2021. | form8-k.htm |
| 2021-07-07 | 8-K | 2021-06-30 | 7.01 Regulation FD Disclosure | 7.01 As previously reported on a Current Report on Form 8-K of Harbor Custom Development, Inc. ( the “Company”) dated January 10, 2021, on such date, the Company closed a public offering (the “Offering”) for its 8.0% Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Shares”) and warrants to purchase Common Stock at $5.00 per share of Common Stock (the “Warrants”). | form8-k.htm |
| 2021-07-02 | 8-K | 2021-06-28 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On June 28, 2021, the Board of Directors of Harbor Custom Development, Inc. (the “Company”) approved new compensation terms for Jeff Habersetzer, in connection with his previously announced promotion to Chief Operating Officer of the Company. | form8-k.htm |
| 2021-06-14 | 8-K | 2021-06-11 | 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events | 1.01 As previously disclosed on a Current Report on Form 8-K dated June 10, 2021, Harbor Custom Development, Inc., a Washington corporation (the “Company”), conducted an underwritten public offering (the “Offering”) pursuant to registration statements on Form S-1 (File Nos. 333-255229 and 333-256918), filed with the Securities and Exchange Commission (the “Commission”). 8.01 On June 11, 2021, the Company issued a press release announcing the closing of the Offering. | form8-k.htm |
| 2021-06-14 | 8-K | 2021-06-08 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 5.07 Submission of Matters to a Vote of Security Holders | 5.02 As disclosed below under Item 5.07 of this Current Report on Form 8-K, at the annual meeting of stockholders of Harbor Custom Development, Inc. (the “Company”) held on June 8, 2021 (the “Annual Meeting”), Karen Bryant was elected as a director on the Company’s Board of Directors (the “Board”). 5.07 At the Annual Meeting, the stockholders elected the Company’s Board and voted on two Board proposals contained within the Company’s Proxy Statement, dated April 28, 2021. | form8-k.htm |
| 2021-06-10 | 8-K | 2021-06-08 | 1.01 Entry into a Material Definitive Agreement; 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; 8.01 Other Events | 1.01 On June 9, 2021, Harbor Custom Development, Inc., a Washington corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity, a division of Fordham Financial Management, Inc. (the “Underwriter”), pursuant to which the Company agreed to sell to the Underwriter in a firm commitment underwritten public offering (the “Offering”) 1,200,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock (“Series A Preferred Shares”) and 3,600,0000 warrants (the “Warrants”) to purchase common stock at $5.00 per share. 5.03 Liquidation Preference of Series A Preferred Shares. 8.01 On June 9, 2021, the Company issued a press release announcing the pricing of the Offering. | form8-k.htm |
| 2021-06-08 | 8-K | 2021-06-08 | 7.01 Regulation FD Disclosure | 7.01 On June 8, 2021, Sterling Griffin, President and Chief Executive Officer of Harbor Custom Development, Inc. (the “Company”), presented during the Company’s Annual General Meeting of Stockholders (the “Annual Meeting”). | form8-k.htm |
| 2021-06-03 | 8-K | 2021-06-02 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On June 2, 2021, Harbor Custom Development, Inc. (the “Company”) appointed Jeffrey B. Habersetzer as Chief Operating Officer of the Company. | form8-k.htm |
| 2021-05-17 | 8-K | 2021-05-17 | 7.01 Regulation FD Disclosure | 7.01 On May 17, 2021, Harbor Custom Development, Inc. ( the “Company”) issued a press release announcing that its first quarter revenues were $13,874,200 with a net loss of $1,549,200. | form8-k.htm |
| 2021-03-26 | 8-K | 2021-03-26 | 7.01 Regulation FD Disclosure | 7.01 On March 26, 2021, Harbor Custom Development, Inc. (the “Company”) issued a press release announcing that its 2020 gross revenues were $50,397,000 with a net loss of $3,532,800. | form8-k.htm |
| 2021-03-09 | 8-K | 2021-02-04 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On February 4, 2021, Anita Fritz retired from her position as Vice President of Harbor Custom Development, Inc. (the “Company”). | form8-k.htm |
| 2021-01-26 | 8-K | 2021-01-26 | 8.01 Other Events | 8.01 On January 26, 2021, Harbor Custom Development, Inc. (the “Company”) issued a press release announcing that it contracted to acquire 22 developed lots in Rocklin, California for $3,944,050. | form8-k.htm |
| 2021-01-22 | 8-K | 2021-01-22 | 8.01 Other Events | 8.01 On January 22, 2021, Harbor Custom Development, Inc. (the “Company”) issued a press release announcing that it acquired seven developed lots in Dripping Springs, Texas; contracted to purchase nine additional finished lots in Driftwood, Texas; and contracted to purchase 44 acres for future development, for an aggregate price of $9,469,350 in the Hill Country region approximately 22 miles west of Austin, Texas. | form8-k.htm |
| 2021-01-21 | 8-K | 2021-01-20 | 7.01 Regulation FD Disclosure; 8.01 Other Events | 7.01 As previously reported on a Current Report on Form 8-K of Harbor Custom Development, Inc. ( the “Company”) dated January 15, 2021, on such date, the Company closed a public offering (the “Offering”) of an aggregate of 8,000,000 shares of common stock, no par value (the “Common Stock”) at a public offering price of $3.00 per share. 8.01 On January 20, 2021, the Company issued a press release announcing that it contracted to acquire 64 developed lots in the Darkhorse Golf Course community in Auburn, California for $9,143,700. | form8-k.htm |
| 2021-01-15 | 8-K | 2021-01-12 | 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events | 1.01 On January 12, 2021, Harbor Custom Development, Inc., a Washington corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity, a division of Fordham Financial Management, Inc. (the “Underwriter”), pursuant to which the Company agreed to sell to the Underwriter in a firm commitment underwritten public offering (the “Offering”) 8,000,000 shares (the “Firm Shares”) of the Company’s common stock, no par value (the “Common Stock”) at a public offering price of $3.00 per share. 8.01 On January 12, 2021, the Company issued a press release announcing the pricing of the Offering. | form8-k.htm |