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) October 24, 2007
GRANITE CONSTRUCTION INCORPORATED
(Exact name of registrant as specified in its charter)
--------------
--------------------------------------------------------------------------------
Delaware 1-12911 77-0239383
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
--------------------------------------------------------------------------------
585 West Beach Street
Watsonville, California 95076
(Address of principal executive offices) (Zip Code)
--------------------------------------------------------------------------------
(831) 724-1011
Registrant's telephone number, including area code
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 (see General Instruction A.2. below):
[_] 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))
1
Item 8.01 Other Events.
On October 24, 2007, Granite Construction Incorporated (the "Company")
issued a press release attached hereto as Exhibit 99.1 and incorporated by
reference. In the press release, the Company announced that its Board of
Directors had authorized the repurchase of up to $200 million of common stock.
In addition, the Board approved a 30 percent increase in the regular quarterly
cash dividend to $0.13 per share.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits. The following exhibits are attached hereto and furnished herewith:
Exhibit
Number Exhibit Title
------ -------------
99.1 Press Release of Registrant, dated October 24, 2007, announcing
stock repurchase authorization; increase in quarterly dividend.
SIGNATURES
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.
GRANITE CONSTRUCTION INCORPORATED
Date: October 24, 2007 By: /s/ William E. Barton
-----------------
William E. Barton
Senior Vice President and
Chief Financial Officer
2
INDEX TO EXHIBITS
Exhibit
Number Document
------ --------
99.1 Press Release of Registrant, dated October 24, 2007, announcing
stock repurchase authorization; increase in quarterly dividend.
3