---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-000166"
form_type: "8-K"
ticker: null
cik: "0000773141"
company_name: "SEKISUI HOUSE U.S., INC."
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:15:50.095963+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# M.D.C. Holdings to be acquired by Sekisui House for $63.00 per share in cash

## Summary
- All-cash merger at $63.00/share; implied equity value approx. $4.7B based on outstanding shares.
- Transaction expected to close in first half of 2024; subject to stockholder vote, HSR approval, and no material adverse effect.
- Sekisui House obtained $4.5B in debt financing commitments; no financing condition for Parent.
- Certain stockholders (Larry Mizel, David Mandarich) entered Voting Agreement to support the merger.
- Termination fee of $147.42M payable by MDC under specified circumstances; 'no-shop' with fiduciary out.

## SEC filing metadata
- accession: 0000950142-24-000166
- form_type: 8-K
- cik: 0000773141
- company_name: SEKISUI HOUSE U.S., INC.
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/773141/000095014224000166/0000950142-24-000166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/773141/000095014224000166/eh240439619_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-000166
- JSON: https://secwatch.observer/filing/0000950142-24-000166.json
- Plain text: https://secwatch.observer/filing/0000950142-24-000166.txt

## Key facts
- Governance Changes
  SEKISUI HOUSE U.S., INC.: Added an exclusive forum by-law designating Delaware courts as sole and exclusive forum for certain actions and federal courts for Securities Act claims (effective 2024-01-17).
  - Change: bylaw amendment
  - Effective: 2024-01-17
  source text: On January 17, 2024, the Company Board approved and adopted an amendment to its By-Laws, effective immediately, to add an exclusive forum by-law.
  evidence_url: https://www.sec.gov/Archives/edgar/data/773141/000095014224000166/0000950142-24-000166-index.htm
- Material Agreements
  SEKISUI HOUSE U.S., INC. entered into Agreement and Plan of Merger with SH Residential Holdings, LLC valued at $63.00 per share (effective 2024-01-17).
  - Action: entry
  - Agreement: merger
  - Counterparty: SH Residential Holdings, LLC
  - Value: $63.00 per share
  - Effective: 2024-01-17
  source text: On January 17, 2024, M.D.C. Holdings, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with SH Residential Holdings, LLC, a Delaware limited liability company (“ Parent ”), Clear Line, Inc., a Delaware corporation and indirect wholly owned subsidiary of Parent (“ Merger Sub ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/773141/000095014224000166/0000950142-24-000166-index.htm

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