-----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, KkfprogJspbN/Y0AGMPpusnnTrLxOwVrLFh/2niET845y30SNpIsCqwbMjigrX0s YYslsYveixJk1OqfNZqyNA== 0000912057-00-011479.txt : 20000315 0000912057-00-011479.hdr.sgml : 20000315 ACCESSION NUMBER: 0000912057-00-011479 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000225 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AAMES FINANCIAL CORP/DE CENTRAL INDEX KEY: 0000879957 STANDARD INDUSTRIAL CLASSIFICATION: LOAN BROKERS [6163] IRS NUMBER: 95340340 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13660 FILM NUMBER: 569147 BUSINESS ADDRESS: STREET 1: 350 SOUTH GRAND AVENUE STREET 2: 52ND FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071-3459 BUSINESS PHONE: 3232105000 MAIL ADDRESS: STREET 1: 3731 WILSHIRE BLVD 10TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90010 8-K 1 FORM 8-K 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 earliest event reported): February 25, 2000 AAMES FINANCIAL CORPORATION (Exact name of Registrant as Specified in Its Charter) Delaware 0-19604 95-340340 ---------------------------- ------------ ------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 350 South Grand Avenue, 52nd Floor Los Angeles, California 90071 (Address of Principal Executive Offices) (323) 210-5000 ---------------------------------------------------- (Registrant's Telephone Number, Including Area Code) NA ------------------------------------------------------------ (Former Name or Former Address, if Changed Since Last Report) 1 ITEM 5. OTHER EVENTS Reference is made to the press release of Registrant issued on February 25, 2000 which contains information meeting the requirements of this Item 5 and is incorporated herein by this reference. A copy of the press release is attached to this Form 8-K as Exhibit 99. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) EXHIBITS 99 Press release issued February 25, 2000. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. AAMES FINANCIAL CORPORATION Dated: February 25, 2000 By: /s/ Ralph W. Flick ------------------- Ralph W. Flick Assistant Secretary 3 EXHIBIT INDEX Exhibit No. Description of Exhibit - ----------- ---------------------- 99 Press release issued February 25, 2000. 4 EX-99 2 EXHIBIT 99 EXHIBIT 99 [AAMES FINANCIAL CORPORATION LOGO] Contact: David Sklar Aames Financial Corporation (323) 210-5311 FOR IMMEDIATE RELEASE AAMES ANNOUNCES THE SALE OF SERVICING ADVANCE RECEIVABLES LOS ANGELES, CALIFORNIA, FEBRUARY 25, 2000--AAMES FINANCIAL CORPORATION (NYSE:AAM), a leader in subprime home equity lending, today announced a sale of certain servicing advance receivables, and the inclusion of the Company's two most recent securitizations in the structure the Company put in place in June, 1999, to monetize its servicing advance receivables and reduce the burden of making future advances on the loans in the Company's servicing portfolio. In connection with the sale of the advances, the Company received approximately $15 million. A. Jay Meyerson, Aames' chief executive officer, stated, "This sale is another step by the Company to improve its liquidity and cash flow position. The Company has been pleased with the performance of the servicing advance funding structure since last June in improving cash flow and reducing mid-month servicing advance requirements." Aames Financial Corporation is a leading home equity lender, and at December 31, 1999 operated 105 retail Aames Home Loan offices and 21 wholesale branches nationwide. 5 From time to time the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. The risks and uncertainties that may affect the operations, performance and results of the Company's business include the following: negative cash flow and continued access to outside sources of cash to fund operations; dependence on funding sources; third party rights to terminate mortgage servicing; high delinquencies and losses in our securitization trusts; prepayment risk; changes in interest rates; basis risk; prolonged interruptions or reductions in the secondary market for mortgage loans; timing of loan sales; dependence on broker network; competition; concentration of operations in California and Florida; economic conditions; contingent risks on loans we sell; government regulation; changes in federal income tax laws; Year 2000 compliance; our ability to pay dividends and the concentrated ownership of our controlling stockholder. For a more complete discussion of these risks and uncertainties, see "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations--Risk Factors" in the Company's Annual Report on Form 10-K and 10-K/A for the fiscal year ended June 30, 1999 and "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations--Risk Factors" in Form 10-Q for the quarter ended September 30, 1999, and subsequent Company Filings with the United States Securities and Exchange Commission. 6 -----END PRIVACY-ENHANCED MESSAGE-----