Proposal has not been endorsed by committees representing the company's creditors. More
WCI Communities vice president, treasurer, and interim CFO Ernest J. Scheidemann has resigned. More
Company files under Chapter 11, dismisses CEO Jerry Starkey and appoints COO David Fry to interim CEO post. Meanwhile, it plans to continue day-to-day operations. More
Florida builder had been unsuccessful at restructuring its debts; CEO Jerry Starkey out. More
Luxury public builder does not have cash to cover upcoming $125 million debt call. More
WCI Communities is offering its creditors a sweeter debt deal to back off on their demands to be repaid early. More
CEO Jerry Starkey calls it "a very tough and very disappointing quarter" for Florida-based builder. More
Company impairs $412 million for the year as CEO Jerry Starkey warns that it may not be able to pay off $125 million in convertible notes with an Aug. 5 put date. More
Says CEO Jerry Starkey: ""We are going to run this business as though this is going to continue through 2008 and into 2009." More
WCI Communities, the Bonita Springs, Fla.-based home builder that caters to primary, retirement, and second-home buyers, announced late Tuesday that Christopher J. Hanlon, senior vice president and chief operating officer of their Tower Homebuilding division, will leave the company at the end of the year. "We appreciate the leadership Chris has provided over the past 16 years and the significant role he has played in growing our Tower business. We wish Chris well as he pursues entrepreneurial opportunities," said Jerry Starkey, WCI president and CEO, in a press statement. More
