UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): August 3, 2007
American Home Mortgage Investment Corp.
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(Exact Name of Registrant as Specified in Its Charter)
Maryland 001-31916 20-0103914
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
538 Broadhollow Road, Melville, New York 11747
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (516) 396-7700
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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 (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))
Item 1.02 Termination of a Material Definitive Agreement.
(a) Over the last several days, American Home Mortgage Investment Corp. (the
"Company") has received notice from substantially all of its lenders and certain
counterparties to other material agreements with respect to alleged events of
default and their intention to terminate the relevant agreements. The Company
has disputed certain of the notices, but in the event of termination, the
Company's financial obligation under such agreements may be accelerated, it may
be subject to penalties and it may suffer cross-default claims from its other
lenders.
Item 1.03 Bankruptcy or Receivership
On August 6, 2007, the Company issued a press release announcing that the
Company, together with certain of its subsidiaries, had filed a voluntary
petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S.
Bankruptcy Court for the District of Delaware (American Home Mortgage Holdings,
Inc., a Delaware corporation, et al. Case No. 07-11047(CSS)). A copy of the
press release is attached as Exhibit 99.1 hereto and is incorporated into this
Current Report on Form 8-K by reference.
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement.
(a) See Item 1.02.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing
(a) On August 6, 2007, the Company received notification from the New York Stock
Exchange (the "NYSE") that its staff had determined that the Company's common
stock, Series A Cumulative Redeemable Preferred Stock and Series B Cumulative
Redeemable Preferred Stock should be suspended immediately. Application to the
Securities and Exchange Commission to delist the issues is pending the
completion of the NYSE's applicable procedures.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(a) Effective August 3, 2007, John A. Johnston resigned from his position as a
Director of the Company. As previously disclosed, Mr. Johnston previously
resigned from his position as President of Western Division. The resignation was
not due to a disagreement with the Company.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
99.1 Press Release, dated August 6, 2007.
SIGNATURES
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: August 9, 2007 AMERICAN HOME MORTGAGE
INVESTMENT CORP.
By: /s/ Michael Strauss
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Name: Michael Strauss
Title: Chief Executive Officer
EXHIBIT INDEX
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EXHIBIT NUMBER DESCRIPTION
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99.1 Press Release, dated August 6, 2007.