- Current report filing (8-K)
14 May 2010 - 2:14AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):
May 11
, 2010
California Coastal Communities, Inc.
(Exact name of registrant as specified in its charter)
Delaware
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0-17189
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02-0426634
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(State or other
jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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6 Executive Circle, Suite 250,
Irvine, California
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92614
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code
(949) 250-7700
Not Applicable
(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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 3.03 Material Modification to Rights
of Security Holders.
Item 7.01 Regulation FD Disclosure.
On May 11, 2010 the Registrants Board of Directors
reinstated the temporarily suspended restrictions imposed under the Registrants
charter documents against the purchases of any shares of the Companys Common
Stock, par value $.05, by (i) existing stockholders owning more than 5% of
the outstanding Common Stock; or (ii) by anyone who would become a holder
of 5% or more of the Common Stock. The
Companys Board of Directors may, but is not required to, entertain requests
for permission to exceed the limitations on stock acquisitions under
circumstances it determines are not likely to jeopardize the Companys ability
to preserve and use its net operating loss carryovers.
A copy of the press release announcing the restriction on
purchases by 5% stockholders is attached to this Current Report on Form 8-K
as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
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Exhibit Description
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99.1
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Press Release dated May 13, 2010
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Signature
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.
Date: May 13, 2010
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California Coastal Communities, Inc.
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By:
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/s/ RAYMOND J. PACINI
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Raymond J. Pacini
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Chief Executive Officer
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