UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------------------------------------------------------------
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
MERITAGE HOMES CORPORATION
---------------------------
(Name of Issuer)
Common Stock, $0.01 par value per share
----------------------------------------------------
(Title of Class of Securities)
59001A102
---------------------------
(CUSIP Number)
December 31, 2006
---------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Continued on following pages
Page 1 of 8 Pages
SCHEDULE 13G
CUSIP No.: 59001A102 Page 2 of 8 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Delaware
.................................................................................
5. Sole Voting Power 0
Number of .................................................................
Shares 6. Shared Voting Power 0
Beneficially .................................................................
Owned by Each 7. Sole Dispositive Power 0
Reporting .................................................................
Person With 8. Shared Dispositive Power 0
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.00%
.................................................................................
12. Type of Reporting Person:
OO
CUSIP No.: 59001A102 Page 3 of 8 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL GP, LLC
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Delaware
.................................................................................
5. Sole Voting Power 0
Number of .................................................................
Shares 6. Shared Voting Power 0
Beneficially .................................................................
Owned by Each 7. Sole Dispositive Power 0
Reporting .................................................................
Person With 8. Shared Dispositive Power 0
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.00%
.................................................................................
12. Type of Reporting Person:
OO
CUSIP No.: 59001A102 Page 4 of 8 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Unites States of America
.................................................................................
5. Sole Voting Power 0
Number of .................................................................
Shares 6. Shared Voting Power 0
Beneficially .................................................................
Owned by Each 7. Sole Dispositive Power 0
Reporting .................................................................
Person With 8. Shared Dispositive Power 0
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.00%
.................................................................................
12. Type of Reporting Person:
IA
Page 5 of 8 Pages
Item 1(a). Name of Issuer:
Meritage Homes Corporation (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
17851 North 85th Street, Suite 300, Scottsdale, AZ 85255
Item 2(a). Name of Person Filing
This Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) Glenview Capital Management, LLC ("Glenview Capital
Management");
ii) Glenview Capital GP, LLC ("Glenview Capital GP"); and
iii) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to Shares (as defined herein) held for the
accounts of Glenview Capital Partners, L.P., a Delaware limited partnership
("Glenview Capital Partners"), Glenview Institutional Partners, L.P., a Delaware
limited partnership ("Glenview Institutional Partners"), Glenview Capital Master
Fund, Ltd., a Cayman Islands exempted company ("Glenview Capital Master Fund"),
GCM Little Arbor Master Fund, Ltd., a Cayman Islands exempted company ("GCM
Little Arbor Master Fund"); GCM Little Arbor Institutional Partners, L.P., a
Delaware limited partnership ("GCM Little Arbor Institutional Partners"), and
GCM Little Arbor Partners, L.P., a Delaware limited partnership ("GCM Little
Arbor Partners").
Glenview Capital Management serves as investment manager to each of
Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital
Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional
Partners, and GCM Little Arbor Partners. In such capacity, Glenview Capital
Management may be deemed to have voting and dispositive power over the Shares
held for the accounts of each of Glenview Capital Partners, Glenview
Institutional Partners, Glenview Capital Master Fund, GCM Little Arbor Master
Fund, GCM Little Arbor Institutional Partners, and GCM Little Arbor Partners.
Glenview Capital GP is the general partner of Glenview Capital Partners,
Glenview Institutional Partners, GCM Little Arbor Institutional Partners and GCM
Little Arbor Partners. Glenview Capital GP also serves as the sponsor of the
Glenview Capital Master Fund and the GCM Little Arbor Master Fund. In such
capacities, Glenview Capital GP may be deemed to have voting and dispositive
power over the Shares held for the accounts of each of Glenview Capital
Partners, Glenview Institutional Partners, Glenview Capital Master Fund, GCM
Little Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM
Little Arbor Partners. Mr. Robbins is the Chief Executive Officer of Glenview
Capital Management and Glenview Capital GP.
Item 2(b). Address of Principal Business Office or, if None, Residence
The address of the principal business office of each of Glenview
Capital Management, Glenview Capital GP, and Mr. Robbins is 767 Fifth Avenue,
44th Floor, New York, New York 10153.
Item 2(c). Citizenship
i) Glenview Capital Management is a Delaware limited liability
company;
ii) Glenview Capital GP is a Delaware limited liability company;
and
iii) Mr. Robbins is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value per share (the "Shares")
Item 2(e). CUSIP Number:
59001A102
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a). Amount Beneficially Owned:
None of the Reporting Persons may be deemed to beneficially own any
Shares.
Item 4(b). Percent of Class:
The number of Shares of which the Reporting Persons may be deemed to
be the beneficial owner of constitutes 0% of the total number of Shares
outstanding.
Item 4(c). Number of Shares of which such person has:
Glenview Capital Management, Glenview Capital GP and Mr. Robbins:
-----------------------------------------------------------------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following /X/.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:
See disclosure in Item 2 hereof.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that, to
the best of their knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 8 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: February 14, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
---------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 14, 2007 GLENVIEW CAPITAL GP, LLC
By: /s/ Lawrence M. Robbins
---------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 14, 2007 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
-----------------------------------