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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended May 31, 1998
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ____________________ to ____________________
Commission file number: 333-23667
Mid-State Trust VI
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(Issuer in respect of Mid-State Trust VI Asset-Backed Bonds)
(Exact name of registrant as specified in its charter)
Florida 59-0945134
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
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c/o First Union National Bank, 401 S. Tryon Street, 12th Floor, Charlotte, NC 28288-1179
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (704) 383-9568
Securities registered pursuant to Section 12 (b) of the Act: None
Securities registered pursuant to Section 12 (g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge in
definitive proxy or information statements incorporated by reference in Part III
of this Form 10-K or any amendment to this Form 10-K. [X]
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INTRODUCTORY NOTE
The Registrant, Mid-State Trust VI, was formed pursuant to that certain
Trust Agreement dated as of March 1, 1997, by and between Mid-State Homes and
Wilmington Trust Company, as Owner Trustee. The Registrant is the issuer of the
Mid-State Trust VI Asset-Backed Bonds (the "Bonds"), issued under an Indenture
dated as of June 11, 1997 by and between the Registrant and First Union National
Bank, as Indenture Trustee.
This Form 10-K has been prepared with modified disclosure in accordance
with past exemptions from the reporting requirements granted by the Securities
and Exchange Commission under the Securities Exchange Act of 1934 for issuers
substantially similar to the Registrant. Items designated herein as "Not
Applicable" have been specifically omitted in reliance on such prior exemptions.
PART I
Item 1. Business.
Not Applicable.
Item 2. Properties.
Not Applicable.
Item 3. Legal Proceedings.
The Indenture Trustee is not aware of any material pending
legal proceedings involving either the Registrant, the
Indenture Trustee, the Owner Trustee or the Servicer with
respect to the Bonds or the Registrant's property.
Item 4. Submission of Matters to a Vote of Security Holders.
No vote or consent of the holders of the Bonds was solicited
for any purpose during the year ended May 31, 1998.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder
Matters.
To the best knowledge of the Indenture Trustee, there is no
established public trading market for the Bonds. As of the
date hereof, Cede & Co., the nominee for the Depository Trust
Company ("DTC"), was the only holder of record of the Bonds.
DTC holds the Bonds for the accounts of others.
Item 6. Selected Financial Data.
Not Applicable.
Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operation.
Not Applicable.
Item 7A. Quantitative and Qualitative Disclosures About Market Risks.
Not Applicable.
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Item 8. Financial Statements and Supplementary Data.
Not Applicable.
Item 9. Changes in and Disagreements With Accountants on Accounting
and Financial Disclosure.
None.
PART III
Item 10. Directors and Executive Officers of the Registrant.
Not Applicable.
Item 11. Executive Compensation.
Not Applicable.
Item 12. Security Ownership of Certain Beneficial Owners and
Management.
The Indenture Trustee is not aware of any Schedule 13D or 13G
filings with the Securities and Exchange Commission in respect
of the Bonds.
Item 13. Certain Relationships and Related Transactions.
None or Not Applicable.
PART IV
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form
8-K.
(a) The following documents are filed as part of the report
(1) Financial Statements
Not Applicable.
(2) Financial Statement Schedules
Not Applicable.
(b) The Registrant filed the following current reports on Form
8-K for the fourth quarter of 1998:
Date of Reports Items Covered
None
(c) Exhibits*.
99.1 Annual statement to Bondholders for the
period ended May 31, 1998
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(d) Additional financial statements
(1) Separate Financial Statements of
subsidiaries not consolidated and
fifty-percent-or-less persons.
None.
(2) Affiliates whose securities are pledged as
collateral.
None.
(3) Schedules.
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, the Indenture Trustee has duly caused this report to be
signed on behalf of the Registrant by the undersigned, thereto duly authorized.
FIRST UNION NATIONAL BANK, as Indenture Trustee
and on behalf of Mid-State Trust VI
Dated: November 10, 2000
By: /s/ Robert Ashbaugh
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Name: Robert Ashbaugh
Title: Vice President
INDEX OF EXHIBITS
99.1 Annual Statement to Bondholders for the period ended May 31, 1998
