-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QqfibiOXlZj7dG6yW5vSqH7bHOorVxOkL5ge7ReHWmmGsFUOl/rkXTP6DTK7oxC5 l0EZ74n2i4bpI0J9KNkmAA== 0001047469-98-006706.txt : 19980218 0001047469-98-006706.hdr.sgml : 19980218 ACCESSION NUMBER: 0001047469-98-006706 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEW CENTURY FINANCIAL CORP CENTRAL INDEX KEY: 0001036075 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 330683629 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-53469 FILM NUMBER: 98543968 BUSINESS ADDRESS: STREET 1: 18400 VON KARMAN STREET 2: SUITE 1000 CITY: IRWINE STATE: CA ZIP: 92612 BUSINESS PHONE: 7144407030 MAIL ADDRESS: STREET 1: 18400 VON KARMAN STREET 2: SUITE 1000 CITY: IRWINE STATE: CA ZIP: 92612 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE EQUITY PARTNERS LLC CENTRAL INDEX KEY: 0001055772 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 18400 VON KARMAN STREET 2: SUITE 1000 CITY: IRWINE STATE: CA ZIP: 92612 BUSINESS PHONE: 7144407030 MAIL ADDRESS: STREET 1: 1313 E OSBORN ROAD SUITE 250 STREET 2: P O BOX 33339 CITY: PHOENIX STATE: AZ ZIP: 85067 SC 13G 1 SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) ------ New Century Financial Corporation ---------------------------------- (Name of Issuer) COMMON STOCK ---------------------------------- (Title of Class of Securities) 64352 D 10 1 ---------------------------------- (CUSIP Number) *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 page(s)) Page 1 of 5 CUSIP No. 64352 D 10 1 13G Page 2 of 5 Pages ------------ --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS CORNERSTONE EQUITY PARTNERS, L.L.C. - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (See Instructions) (b) / / - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Arizona - ------------------------------------------------------------------------------- NUMBER OF SHARES (5) SOLE VOTING POWER BENEFICIALLY -0- OWNED BY -------------------------------------------------- EACH REPORTING (6) SHARED VOTING POWER PERSON WITH -0- -------------------------------------------------- (7) SOLE DISPOSITIVE POWER -0- -------------------------------------------------- (8) SHARED DISPOSITIVE POWER 3,370,656 - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,370,656 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / / (See Instructions) - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 23.9% - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (See Instructions) OO - ------------------------------------------------------------------------------- ITEM 1(a) NAME OF ISSUER: New Century Financial Corporation (the "Issuer") - ------------------------------------------------------------------------------- ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 18400 Von Karman, Suite 1000, Irvine, California 92612 - ------------------------------------------------------------------------------- ITEM 2(a) NAME OF PERSON FILING: Cornerstone Equity Partners, L.L.C. - ------------------------------------------------------------------------------- ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OF CORNERSTONE EQUITY PARTNERS, L.L.C. 5050 North 40th Street, Suite 310, Phoenix, Arizona 85018 - ------------------------------------------------------------------------------- ITEM 2(c) CITIZENSHIP: Cornerstone Equity Partners, L.L.C.: Arizona - ------------------------------------------------------------------------------- ITEM 2(d) TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value ("Issuer Common") - ------------------------------------------------------------------------------- ITEM 2(e) CUSIP NUMBER: 64352 D 10 1 - ------------------------------------------------------------------------------- ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: Not Applicable - ------------------------------------------------------------------------------- ITEM 4. OWNERSHIP CORNERSTONE EQUITY PARTNERS, L.L.C.: (a) AMOUNT BENEFICIALLY OWNED: 3,370,656 (A) (b) PERCENT OF CLASS: 23.9% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) sole power to vote or to direct the vote: -0- (ii) shared power to vote or to direct the vote: -0- Page 3 of 5 (iii) sole power to dispose or to direct the disposition of: -0- (iv) shared power to dispose or to direct the disposition of: 3,370,656 (A) (A) All shares are owned of record by Cornerstone Fund I, L.L.C., an Arizona limited liability company, of which Cornerstone Equity Partners, L.L.C. is a member. Under the Amended and Restated Operating Agreement of Cornerstone Fund I, L.L.C., Cornerstone Equity Partners has the right to approve any disposition of Issuer Common held by Cornerstone Fund I, L.L.C. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. ITEM 9. DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATION Not applicable. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. February 15, 1996 CORNERSTONE EQUITY PARTNERS, L.L.C. By: /s/ Sherman Chu ------------------------------------ Title: Manager --------------------------------- Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----