<PAGE>
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) May 30, 2000
Saxon Asset Securities Company
(Exact name of registrant as specified in charter)
<TABLE>
<S> <C>
Virginia 34-0-20552 54-1810895
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
</TABLE>
4880 Cox Road, Glen Allen, Virginia 23060
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code (804) 967-7400
--------------
(Former name or former address, if changed since last report.)
<PAGE>
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
99.1 Copy of "Collateral Term Sheets" as provided by Banc of America
Securities LLC.
<PAGE>
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
-------------------------------------
Bradley D. Adams, Vice President
May 31, 2000
<PAGE>
INDEX TO EXHIBITS
99.1 Copy of Collateral Term Sheets as provided by Banc of America
Securities LLC.
