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): November 2, 2006
BLUEGREEN CORPORATION
(Exact name of registrant as specified in its charter)
Massachusetts
(State or other jurisdiction of incorporation)
0-19292 03-0300793
(Commission File Number) (IRS Employer Identification No,)
4960 Conference Way North, Suite 100, Boca Raton, Florida 33431
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (561) 912-8000
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:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
The information in this item (including Exhibit 99.1) is being furnished
pursuant to Item 2.02 and 9.01 and shall not be deemed to be "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange
Act") or otherwise subject to the liabilities of that section, nor shall it be
deemed to be incorporated by reference in any filing under the Securities Act of
1933 or the Exchange Act. On November 2, 2006, Bluegreen Corporation issued a
press release announcing its financial results for the three and nine months
ended September 30, 2006. The press release is attached hereto as Exhibit 99.1
and is incorporated herein by reference.
In addition to financial results determined in accordance with generally
accepted accounting principles ("GAAP"), the press release also contains
financial information determined by methods other than in accordance with GAAP.
The Company's management uses these non-GAAP measures in their analysis of the
Company's performance. These non-GAAP measures adjust GAAP income before
cumulative effect of change in accounting principle to exclude the impact of the
adoption of SFAS No. 152, Accounting for Real Estate Time-Sharing Transactions.
The Company believes that these non-GAAP operating measures supplement our GAAP
financial information and provide a comparable basis for evaluating the
Company's operating results and any related trends that may be affecting the
Company's business. These disclosures should not be viewed as a substitute for
operating results determined in accordance with GAAP, nor are they necessarily
comparable to non-GAAP performance measures that may be presented by other
companies.
Item 9.01 Financial Statements and Exhibits
(d) Press Release dated November 2, 2006.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 6, 2006 By: /S/ ANTHONY M. PULEO
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Anthony M. Puleo
Senior Vice President,
Chief Financial Officer and Treasurer
EXHIBIT INDEX
99.1 Press Release dated November 2, 2006