---
schema_version: "secwatch.filing_event.v1"
accession: "0000915840-25-000074"
form_type: "8-K"
ticker: "BZH"
cik: "0000915840"
company_name: "BEAZER HOMES USA INC"
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:46:10.828517+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Beazer Homes adopts new rights agreement to protect $84.1M in NOLs and energy-efficiency tax credits

## Summary
- New rights agreement effective Nov 14, 2025, replaces expiring pill; trigger at 4.95% ownership.
- Protects ~$84.1M in energy-efficiency tax credits earned under IRC 45L; final earning date is June 30, 2026.
- Rights become exercisable after a person becomes an Acquiring Person (4.95%+), with exemptions for qualified offers.
- Agreement must be ratified by stockholders at 2026 Annual Meeting; if not, it expires automatically.
- Expiration no later than Nov 14, 2028, subject to earlier redemption, exchange, or loss of tax benefits.

## SEC filing metadata
- accession: 0000915840-25-000074
- form_type: 8-K
- ticker: BZH
- cik: 0000915840
- company_name: BEAZER HOMES USA INC
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915840/000091584025000074/0000915840-25-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915840/000091584025000074/bzh-20251112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915840-25-000074
- JSON: https://secwatch.observer/filing/0000915840-25-000074.json
- Plain text: https://secwatch.observer/filing/0000915840-25-000074.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.