UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G/A
AMENDMENT NO. 2
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b)-(c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
NEW CENTURY FINANCIAL CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
64352 D 10 1
(CUSIP Number)
December 30, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
<PAGE>
- ---------------------- -----------------
CUSIP NO. 64352 D 10 1 13G PAGE 2 OF 9 PAGES
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE BAPTIST FOUNDATION OF ARIZONA
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,206,569
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 2,206,569
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,206,569
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------- -----------------
CUSIP NO. 64352 D 10 1 13G PAGE 3 OF 9 PAGES
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FOUNDATION ADMINISTRATIVE SERVICES, INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,126,569
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 2,126,569
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,126,569
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------- -----------------
CUSIP NO. 64352 D 10 1 13G PAGE 4 OF 9 PAGES
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE FOUNDATION COMPANIES, INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,126,569
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 2,126,569
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,126,569
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------- -----------------
CUSIP NO. 64352 D 10 1 13G PAGE 5 OF 9 PAGES
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FOUNDATION CAPITAL MANAGEMENT, INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
80,000
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 80,000
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
80,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
<PAGE>
ITEM 1(a) NAME OF ISSUER:
New Century Financial Corporation (the "Issuer")
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
18400 Von Karman, Suite 1000, Irvine, California 92612
ITEM 2(a) NAME OF PERSON FILING:
The Baptist Foundation of Arizona, Foundation Administrative Services,
Inc., The Foundation Companies, Inc., and Foundation Capital
Management, Inc.
ITEM 2(b) ADDRESS OF THE PRINCIPAL BUSINESS OFFICE OR, NONE, RESIDENCE OF:
The Baptist Foundation of Arizona, Foundation Administrative Services,
Inc., and The Foundation Companies, Inc.; 1313 East Osborn Road, Suite
250, P.O. Box 33339, Phoenix, Arizona 85067
Foundation Capital Management, Inc.: 1313 East Osborn Road, Suite 250,
P.O. Box 33339, Phoenix, Arizona 85067
ITEM 2(c) CITIZENSHIP:
The Baptist Foundation of Arizona: Arizona
Foundation Administrative Services, Inc.: Arizona
The Foundation Companies, Inc.: Arizona
Foundation Capital Management, Inc.: Arizona
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value ("Issuer Common")
ITEM 2(e) CUSIP NUMBER:
64352 D 10 1
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
Page 6 of 9
<PAGE>
ITEM 4. OWNERSHIP
The Baptist Foundation of Arizona:
(a) AMOUNT BENEFICIALLY OWNED: 2,206,569 (i)(ii)
(b) PERCENT OF CLASS:15%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) sole power to vote or to direct the vote: 2,206,569(i)(ii)
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
2,206,569(i)(ii)
(iv) shared power to dispose or to direct the disposition of: -0-
Foundation Administrative Services, Inc.:
(a) AMOUNT BENEFICIALLY OWNED: 2,126,569 (i)
(b) PERCENT OF CLASS:14.5%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) sole power to vote or to direct the vote: 2,126,569(i)
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
2,126,569(i)
(iv) shared power to dispose or to direct the disposition of: -0-
The Foundation Companies, Inc.:
(a) AMOUNT BENEFICIALLY OWNED: 2,126,569 (i)
(b) PERCENT OF CLASS:14.5%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) sole power to vote or to direct the vote: -2,126,569-(i)
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
2,126,569(i)
(iv) shared power to dispose or to direct the disposition of: -0-
Foundation Capital Management, Inc.:
(a) AMOUNT BENEFICIALLY OWNED:80,000 (ii)
(b) PERCENT OF CLASS:.5%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
Page 7 of 9
<PAGE>
(i) sole power to vote or to direct the vote: 80,000(ii)
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of: 80,000(ii)
(iv) shared power to dispose or to direct the disposition of: -0-
(i) 2,126,569 shares are owned of record by The Foundation Companies,
Inc., which is a wholly-owned subsidiary of Foundation Administrative
Services, Inc., which is a wholly- owned subsidiary of The Baptist
Foundation of Arizona.
(ii) 80,000 shares are owned of record by Foundation Capital Management,
Inc., which is wholly-owned subsidiary of The Baptist Foundation of
Arizona.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than 5 percent of the class of securities, check the following
[X] (as to Foundation Capital Management, Inc. only)
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. DISSOLUTION OF GROUP
Not applicable
ITEM 10. CERTIFICATION
Not applicable
Page 8 of 9
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
February 11, 2000
THE BAPTIST FOUNDATION OF ARIZONA
By: /s/ Mark A. Roberts
-------------------------------------
Title: Acting Chief Financial Officer
----------------------------------
FOUNDATION ADMINISTRATIVE SERVICES, INC.
By: /s/ Mark A. Roberts
-------------------------------------
Title: Acting Chief Financial Officer
----------------------------------
THE FOUNDATION COMPANIES, INC.
By: /s/ Mark A. Roberts
-------------------------------------
Title: Acting Chief Financial Officer
----------------------------------
FOUNDATION CAPITAL MANAGEMENT, INC.
By: /s/ Mark A. Roberts
-------------------------------------
Title: Acting Chief Financial Officer
----------------------------------
Page 9 of 9
