13D Filing: Carlson Capital and Forestar Group Inc. (FOR)

Published on January 25, 2016 at 11:58 am by Meena Krishnamsetty in Hedge Funds,News

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Activist investor Clint Carlson’s Carlson Capital has reported its stake in Forestar Group Inc. (NYSE:FOR) via a 13D filing with the Securities and Exchange Commission. According to the filing, Carlson Capital currently holds around 2.89 million shares of Forestar Group, which represent 8.61% of the company’s outstanding common stock. Since the position is activist, Carlson also said in the filing:

“Consistent with their investment intent, the Reporting Persons have been reviewing their investment in the Company and have engaged in discussions with the Company’s management concerning the business, operations, governance, management, strategy and future plans of the Company. Based on their review and these discussions, the Reporting Persons have determined that changes to the Company’s Board of Directors may be in the best interest of all stockholders. As such, the Reporting Persons intend to engage in further discussions with the Company’s management, as well as with the members of the Board of Directors and other stockholders, concerning possible changes to the composition of the Board of Directors. Among other things, the Reporting Persons may propose the nomination of one or more candidates for election to the Board of Directors in connection with the Company’s 2016 annual meeting of stockholders.”

In its last 13F, Carlson disclosed holding 1.05 million shares of Forestar, as of the end of September 2015.

You can access the original SEC filing by clicking here.

Clint Carlson

Carlson Capital

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Page 1 of 15 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

Forestar Group Inc.

(Name of Issuer)

Common Stock, par value $1.00 per share

(Title of Class of Securities)

346233109

(CUSIP Number)

Shahla Ali

Carlson Capital, L.P.

2100 McKinney Avenue

Dallas, TX 75201

(214) 932-9600

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

January 19, 2016

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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