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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) May 31, 2000
Saxon Asset Securities Company
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(Exact name of registrant as specified in charter)
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<S> <C> <C>
Virginia 34-0-20552 54-1810895
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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4880 Cox Road, Glen Allen, Virginia 23060
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code (804) 967-7400
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(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant. Not Applicable.
Item 2. Acquisition or Disposition of Assets. Not Applicable.
Item 3. Bankruptcy or Receivership. Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant. Not Applicable.
Item 5. Other Events.
It is expected that during June 2000, a series of certificates, entitled
Mortgage Loan Asset Backed Certificates, Series 2000-2 (the "Certificates"),
will be issued pursuant to a trust agreement, to be entered into by and among
Saxon Asset Securities Company (the "Registrant"), Saxon Mortgage, Inc. and
Bankers Trust Company. The offering and sale of certain classes of the
Certificates (the "Underwritten Certificates") will be registered under the
Registrant's registration statement on Form S-3 (no. 333-35370) and sold to Banc
of America Securities LLC, Prudential Securities Incorporated, Greenwich Capital
Markets, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Banc One
Capital Markets, Inc. (the "Underwriters") pursuant to an underwriting agreement
to be entered into by and between the Registrant and each of the Underwriters.
In connection with the expected sale of the Underwritten Certificates, Banc
of America Securities LLC has advised the Registrant that it has furnished to
prospective investors certain information attached hereto as exhibit 99.1 that
may be considered "Computational Materials" (as defined in the no-action letter
dated May 20, 1994 issued by the Division of Corporation Finance of the
Securities and Exchange Commission (the "Commission") to Kidder, Peabody
Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May 27, 1994 issued
by the Division of Corporation Finance of the Commission to the Public
Securities Association) and "Collateral Term Sheets" (as defined in the no-
action letter dated February 17, 1995 issued by the Division of Corporation
Finance of the Commission to the Public Securities Association).
The Collateral Term Sheets attached hereto have been prepared and provided
to the Registrant by Banc of America Securities LLC. The information in such
Collateral Term Sheets is preliminary and will be superseded by the final
Prospectus Supplement relating to the Underwritten Certificates and by any other
information subsequently filed with the Commission.
Item 6. Resignations of Registrant's Directors. Not Applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. Not
Applicable.
Item 8. Change in Fiscal Year. Not Applicable.
Exhibit
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99.1 Copy of "Collateral Term Sheets" as provided by Banc of America
Securities LLC.
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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 thereunto duly authorized.
SAXON ASSET SECURITIES COMPANY
By: /s/ Bradley D. Adams
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Bradley D. Adams, Vice President
June 2, 2000
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INDEX TO EXHIBITS
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Page
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99.1 Copy of Collateral Term Sheets as provided by Banc of America
Securities LLC.
