SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: December 11, 1998
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(Date of earliest event reported)
CAPCO America Securitization Corporation
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(Exact name of registrant as specified in its charter)
Delaware 333-22133-01 13-3672336
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Two World Financial Center, Building B, New York, New York 10281
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Address of Principal Executive Office
Registrant's telephone number, including area code: (212) 667-9300
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ITEM 5: OTHER EVENTS
RECENT DEVELOPMENTS
On December 11, 1998, CCA announced that it will not undertake any new loan
commitments. CCA also has announced that it will shortly close its regional
offices and that it will be consolidating and centralizing its activities in New
York. As a result of its termination of loan origination activities, a
significant number of employees primarily related to these activities are being
terminated. These employees represent a substantial majority of CCA's staff.
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Pursuant to the requirements of the Securities Act of 1934, the Registrant
has duly caused this report to be signed on behalf of the Registrant by the
undersigned thereunto duly authorized.
CAPCO AMERICA SECURITIZATION
CORPORATION
By: /s/ Michael Hurdelbrink
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Name: Michael Hurdelbrink
Title: President & CEO
Date: February 11, 1999
