-----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, SYBbVgbbXGJPw2b079UPHUHXKR1Nnoiqlyukgk1CG87VuC2Le74CPMYd+9V96Bi5 X8aeWP5vOgRKZOpBgdil7g== 0000902595-99-000055.txt : 19990309 0000902595-99-000055.hdr.sgml : 19990309 ACCESSION NUMBER: 0000902595-99-000055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990304 ITEM INFORMATION: FILED AS OF DATE: 19990308 FILER: 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: 8-K SEC ACT: SEC FILE NUMBER: 000-22633 FILM NUMBER: 99559913 BUSINESS ADDRESS: STREET 1: 18400 VON KARMAN STREET 2: SUITE 1000 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 7148637243 MAIL ADDRESS: STREET 1: 18400 VON KARMAN STREET 2: SUITE 1000 CITY: IRWINE STATE: CA ZIP: 92612 8-K 1 8-K - CURRENT REPORT UNITED STATES 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): March 4, 1999 NEW CENTURY FINANCIAL CORPORATION (Exact Name of Issuer as Specified in its Charter) Delaware 000-22633 33-0683629 (State or Other (Commission File (IRS Jurisdiction Number) Employer of Incorporation) Identification Number) 18400 Von Karman, Suite 1000, Irvine, California 92612 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (949) 440-7030 ITEM 5. OTHER EVENTS A copy of the press release issued by New Century Financial Corporation, a Delaware corporation, on March 4, 1999 is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference. ITEM 7. EXHIBITS (a) Financial statements of business acquired. Not applicable. (b) Pro forma financial information. Not applicable. (c) Exhibits. Exhibit No. Description 99.1 Press Release, dated March 4, 1999. 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. NEW CENTURY FINANCIAL CORPORATION March 8, 1999 /s/ Brad A. Morrice _________________________________ Brad A. Morrice President EXHIBIT INDEX Exhibit No. Description of Exhibit 99.1 Press Release, dated March 4, 1999. EX-99.1 2 PRESS RELEASE - EXH. 99.1 EXHIBIT 99.1 News Release FOR ADDITIONAL INFORMATION CONTACT: New Century Financial Corporation Robert K. Cole, Chairman and CEO 18400 Von Karman, Suite 1000 (949) 224-5700 Irvine, CA 92612 Carrie Marrelli, VP, Investor Relations (949) 224-5745 NEW CENTURY ANNOUNCES STOCK REPURCHASE PROGRAM Irvine, CA, March 4, 1999, New Century Financial Corporation (Nasdaq: NCEN) announced today its board of directors authorized the Company to repurchase up to 250,000 shares of its common stock over the next twelve months at a maximum total price of $3.5 million. The board authorized management to make the repurchases in the open market or in privately negotiated transactions at prevailing prices. The timing and volume of purchases under the program will depend upon market and business conditions. Any shares repurchased will initially be held as treasury shares and may be used in connection with the Company's stock option program, its employee stock purchase program and for other general corporate purposes. "We believe that selective repurchases can play a positive role in the Company's efforts to increase shareholder value," said Brad A. Morrice, Vice Chairman and President. New Century Financial Corporation is a specialty finance company that originates, purchases, sells, and services sub- prime mortgage loans secured primarily by first mortgages on single family residences. -----END PRIVACY-ENHANCED MESSAGE-----