8-K 1 g82406e8vk.txt SOUTHERN ENERGY HOMES, INC. 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): April 28, 2003 SOUTHERN ENERGY HOMES, INC. (Exact name of registrant as specified in its Charter) Delaware 0-21204 63-1083246 (State of Incorporation) (Commission File Number) (IRS Employer I.D. No.) 144 Corporate Way, P. O. Box 390 Addison, Alabama 35540 (Address of principal executive offices) (256) 747-8589 (Registrant's telephone number) ITEM 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release dated April 28, 2003, relating to the Company's Financial results for the quarter ended April 4, 2003. ITEM 9. Regulation FD Disclosure (Information furnished in this Item 9 is furnished pursuant to Item 12). On April 28, 2003, Southern Energy Homes, Inc. issued a press release announcing its financial results for the quarter ended April 4, 2003. The press release is furnished herewith as Exhibit 99.1. The information contained in this Current Report is intended to be furnished under Item 12, "Results of Operations and Financial Condition" and is being furnished under Item 9, "Regulation FD Disclosure" pursuant to interim guidance issued by the Securities and Exchange Commission in Release Nos. 33-8216 and 34-47583. As such, the information provided hereunder shall not be deemed to be filed for the 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 incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. 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. Dated: April 28, 2003 By: /s/ KEITH O. HOLDBROOKS ------------------------------- Keith O. Holdbrooks Chief Executive Officer

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): December 24, 2002

SOUTHERN ENERGY HOMES, INC. (Exact name of registrant as specified in its Charter)

Delaware (State of Incorporation) 0-21204 (Commission File Number) 63-1083246 (IRS Employer I.D. No.)

144 Corporate Way, P. O. Box 390 Addison, Alabama 35540 (Address of principal executive offices)

(256) 747-8589 (Registrant’s telephone number)

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SIGNATURE NEWS RELEASE

Item 5. Other Events.

On December 24, 2002, Southern Energy Homes, Inc. announced the sale of its consumer finance business, consisting primarily of the consumer loan portfolio, as part of the Company’s continuing program to focus on its core manufacturing and supply operations and improve earnings.

The loan portfolio had a book value of approximately $12.1 million and was owned and managed by the Company’s wholly owned subsidiary, Wenco Finance, Inc. It was sold for approximately $6.5 million in a cash transaction to 21st Mortgage Corporation, which has been the servicing agent for the loans for the past several years. Proceeds of the sale will be used to retire the Company’s debt. Southern Energy expects to recognize a loss on the sale of approximately $5.6 million ($3.7 million, net of a $1.9 million tax benefit) in the fourth quarter of 2002 in discontinued operations.

A copy of the news release issued by the Company on December 24, 2002 is included as Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by reference.

Item 7.		Financial Statements, Pro Forma Financial Information and Exhibits
(a)		Not applicable.
(b)		Not applicable.
(c)		Exhibits: The following exhibits are filed herewith:
		Exhibit 99.1 News Release issued by Southern Energy Homes, Inc., dated December 24, 2002.

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.

Dated: January 7, 2003 By: /s/ KEITH O. HOLDBROOKS Keith O. Holdbrooks Chief Executive Officer

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