UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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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 1, 2020

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BLUEGREEN VACATIONS CORPORATION

(Exact name of registrant as specified in its charter)

4960 Conference Way North, Suite 100, Boca Raton, Florida 33431

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (561) 912-8000

Not Applicable

(Former name or former address, if changed since last report.)

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Securities registered pursuant to Section 12(b) of the Act:

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):

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 1, 2020, John E. Abdo has become executive Vice Chairman of Bluegreen Vacations Corporation (the “Company”). Mr. Abdo, age 77, has served as Vice Chairman of the Company since 2002, but previously in a non-executive capacity. In addition, from December 2015 to May 2017, he served as non-executive Acting Chairman of the Company’s Board of Directors.  Mr. Abdo is also executive Vice Chairman of Bluegreen Vacations Holding Corporation (formerly BBX Capital Corporation) (“BVH”), which owns approximately 93% of the Company’s outstanding common stock, and BBX Capital, Inc., which was spun-off by BVH on September 30, 2020.

The Company’s Compensation Committee has approved an initial annual base salary of $950,000 for Mr. Abdo.

Item 5.08 Shareholder Director Nominations.

The Company’s 2020 Annual Meeting of Shareholders is scheduled to be held on November 18, 2020. Because such date is more than 30 days following the anniversary of the Company’s 2019 Annual Meeting of Shareholders, the deadline for any shareholder proposal, including director nomination, intended to be considered at the Company’s 2020 Annual Meeting of Shareholders has been extended. As a result of such extension and pursuant to the Company Bylaws, written notice from a shareholder interested in bringing business before the Company’s 2020 Annual Meeting of Shareholders or nominating a director candidate for election at the Company’s 2020 Annual Meeting of Shareholders, including any notice on Schedule 14N, must be received at the Company’s principal executive offices at 4960 Conference Way North, Suite 100, Boca Raton, Florida 33431, by no later than 5:00 p.m., Eastern time, on October 13, 2020. Any such written notice must be directed to the attention of the Company’s Secretary and comply with the applicable advance notice provisions of the Company’s Bylaws. Shareholder proposals intended to be considered for inclusion in the Company’s proxy materials for its 2020 Annual Meeting of Shareholders must comply with the requirements, including the deadline, set forth above as well as all applicable rules and regulations promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.

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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.