8-K 1 a09-32110_18k.htm 8-K

 

 

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: October 26, 2009

 

The First Marblehead Corporation

(Exact name of registrant as specified in charter)

 

Delaware

 

001-31825

 

04-3295311

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

The Prudential Tower
800 Boylston Street, 34th Floor
Boston, Massachusetts

 



02199-8157

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (800) 895-4283

 

 

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

 

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):

 

¨            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Item 2.02.  Results of Operations and Financial Condition

 

On October 26, 2009, The First Marblehead Corporation (the “Corporation”) announced its financial and operating results for the first quarter of fiscal 2010.  The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this current report on Form 8-K.

 

Item 7.01.  Regulation FD Disclosure

 

Static Pool Data; Supplemental Presentation

 

The Corporation has posted to its website static pool data as of September 30, 2009 with respect to certain securitization trusts facilitated by the Corporation, together with a supplemental presentation.  The static pool information includes original pool characteristics and borrower payment status, delinquency, cumulative loss and prepayment data as of September 30, 2009.  The supplemental presentation includes parity ratios by trust, net recovery rates by year of default, FICO score ranges by year of loan disbursement since fiscal 2005 and by channel, six-month rolling prepayment rates and payment status by trust.

 

The static pool data and supplemental information can be found on the Corporation’s website, www.firstmarblehead.com, by clicking “Investors.”  In addition, the static pool information is furnished as Exhibit 99.2, and the supplemental presentation is furnished as Exhibit 99.3, to this current report on Form 8-K and each is incorporated under this Item 7.01 by reference.

 

The information contained in Items 2.02 and 7.01 of this current report on Form 8-K, including Exhibits 99.1, 99.2 and 99.3, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Item 9.01.  Financial Statements and Exhibits

 

(d)                                 Exhibits

 

The following exhibits relating to Items 2.02 and 7.01 shall be deemed to be furnished, and not filed:

 

99.1                           Press release issued by the Corporation on October 26, 2009 entitled, “First Marblehead Announces First Quarter Fiscal 2010 Financial Results”

 

99.2                           Static pool data as of September 30, 2009

 

99.3                           Supplemental presentation dated September 30, 2009

 

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SIGNATURE

 

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.

 

 

 

THE FIRST MARBLEHEAD CORPORATION

 

 

 

 

 

 

Date:  October 26, 2009

By:

/s/ Kenneth Klipper

 

 

Kenneth Klipper
Managing Director, Chief Financial Officer,
Treasurer and Chief Accounting Officer

 

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EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press release issued by the Corporation on October 26, 2009 entitled, “First Marblehead Announces First Quarter Fiscal 2010 Financial Results”

 

 

 

99.2

 

Static pool data as of September 30, 2009

 

 

 

99.3

 

Supplemental presentation dated September 30, 2009

 

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