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

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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