Form 8-K
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
August 28, 2007
Date of Report (Date of earliest event reported)
NOVASTAR FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
Maryland 001-13533 74-2830661
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
8140 Ward Parkway, Suite 300, Kansas City, MO 64114
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(Address of principal executive offices)
(Zip Code)
(816) 237-7000
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(Registrant's telephone number, including area code)
Not Applicable
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(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:
[ ] 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 3.03 Material Modification to Rights of Security Holders
On August 28, 2007, NovaStar Financial, Inc. ("NovaStar") issued a press release
announcing that is has rescinded the previously set record date of August 27,
2007, and set a new record date of September 7, 2007, for its previously
announced rights offering that would allow holders of NovaStar's common stock
and 9.00% Series D-1 Mandatory Convertible Preferred Stock to purchase shares of
its 9.00% Series D-2 Mandatory Convertible Preferred Stock. A copy of this press
release is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
References to NovaStar's website do not incorporate by reference the information
on NovaStar's website into this Current Report, and NovaStar disclaims any such
incorporation by reference.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits.
Exhibit No. Document
99.1 Press Release dated August 28, 2007 "NovaStar Financial,
Inc. Changes Record Date for Proposed Rights Offering."
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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.
NOVASTAR FINANCIAL, INC.
DATE: August 29, 2007 /s/ GREGORY S. METZ
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Gregory S. Metz
Chief Financial Officer
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Index to Exhibits
Exhibit No. Document
99.1 Press Release dated August 28, 2007 "NovaStar Financial,
Inc. Changes Record Date for Proposed Rights Offering."
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