GRBK Confirms NYSE Listing for Common & Preferred Stock
Ticker: GRBK-PA · Form: 8-K · Filed: Feb 5, 2024 · CIK: 1373670
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, stock-listing
TL;DR
**GRBK just confirmed its common and preferred stock are still listed on the NYSE.**
AI Summary
Green Brick Partners, Inc. (GRBK) filed an 8-K on February 5, 2024, to update its registered securities on the New York Stock Exchange, specifically its Common Stock (GRBK) and Depositary Shares representing Series A Preferred Stock (GRBK PRA). This filing, dated February 1, 2024, is a routine update to ensure compliance with SEC regulations regarding publicly traded securities. For investors, this matters because it confirms the continued listing and trading of GRBK's shares, ensuring liquidity and transparency for current and prospective shareholders.
Why It Matters
This filing confirms Green Brick Partners' securities are properly registered and listed on the NYSE, which is crucial for maintaining investor confidence and market liquidity.
Risk Assessment
Risk Level: low — This 8-K is a routine administrative filing with no material impact on the company's operations or financial health.
Analyst Insight
This filing is purely administrative and does not provide new information that would warrant an immediate investment action. Investors should continue to monitor financial performance and broader market trends.
Key Numbers
- $0.01 — Par Value per Share (for both Common Stock and Series A Preferred Stock)
Key Players & Entities
- Green Brick Partners, Inc. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — the exchange where GRBK's securities are registered
- GRBK (company) — trading symbol for Common Stock
- GRBK PRA (company) — trading symbol for Depositary Shares (Preferred Stock)
- $0.01 (dollar_amount) — par value per share for Common Stock and Preferred Stock
FAQ
What is the purpose of this 8-K filing by Green Brick Partners, Inc.?
This 8-K filing, dated February 1, 2024, is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, primarily to report 'Other Events' and confirm the registration of its securities on the New York Stock Exchange.
Which specific securities of Green Brick Partners, Inc. are mentioned as registered on the New York Stock Exchange in this filing?
The filing explicitly states that 'Common Stock, par value $0.01 per share' with trading symbol GRBK and 'Depositary Shares (each representing a 1/1000th interest in a share of 5.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share)' with trading symbol GRBK PRA are registered on the New York Stock Exchange.
What is the par value of Green Brick Partners, Inc.'s Common Stock and Series A Preferred Stock as stated in the filing?
Both the Common Stock and the Series A Cumulative Perpetual Preferred Stock of Green Brick Partners, Inc. have a par value of $0.01 per share, as indicated in the filing.
When was the earliest event reported in this 8-K filing?
The 'Date of Report (Date of earliest event reported)' is stated as February 1, 2024.
What is Green Brick Partners, Inc.'s Commission File Number and IRS Employer Identification Number?
Green Brick Partners, Inc.'s Commission File Number is 001-33530 and its IRS Employer Identification Number is 20-5952523, according to the filing.
Filing Stats: 497 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-02-05 16:04:02
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share GRBK The New York Stock Exch
- $64 m — eds from the transaction, approximately $64 million, for investment in and expansion
Filing Documents
- grbk-20240201.htm (8-K) — 26KB
- 0001373670-24-000002.txt ( ) — 200KB
- grbk-20240201.xsd (EX-101.SCH) — 2KB
- grbk-20240201_def.xml (EX-101.DEF) — 17KB
- grbk-20240201_lab.xml (EX-101.LAB) — 32KB
- grbk-20240201_pre.xml (EX-101.PRE) — 17KB
- grbk-20240201_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On February 1, 2024, Green Brick Partners, Inc., a Delaware corporation (the " Company "), through its wholly-owned subsidiary, sold its non-controlling interest in GB Challenger, LLC ("GB Challenger") to the entity that already held the controlling interest in GB Challenger. GB Challenger operates the builder Challenger Homes in Colorado. The Company intends to use the proceeds from the transaction, approximately $64 million, for investment in and expansion of opportunities with those builders in which it holds a controlling or one-hundred percent (100%) ownership interest, particularly including the growth and expansion of its Trophy Signature Homes brand into the Austin market and other potential new markets.
SIGNATURES
SIGNATURES 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. GREEN BRICK PARTNERS, INC. By: /s/ Richard A. Costello Name: Richard A. Costello Title: Chief Financial Officer Date: February 5, 2024