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, as amended
Date of Report (Date of earliest event reported): December 15, 2000
LONG BEACH SECURITIES CORP.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF DECEMBER 1, 2000, PROVIDING FOR THE ISSUANCE OF
ASSET-BACKED CERTIFICATES, SERIES 2000-1)
Long Beach Securities Corp.
(Exact name of registrant as specified in its charter)
--------------------------------------------------------------------------------
Delaware 333-41712 33-0917586
----------------------------- ------------ -------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
1100 Town & Country Road
Suite 1600
Orange, California 92868
--------------------------- --------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (714) 541-5378
--------------
<PAGE>
-2-
Item 5. Other Events
Description of the Certificates and the Mortgage Pool
As of the date hereof, Long Beach Securities Corp. (the "Registrant")
has caused to be filed with the Securities and Exchange Commission (the
"Commission") pursuant to the Commission's Rule 424a Prospectus Supplement to
its Prospectus, dated December 15, 2000, in connection with the Registrant's
issuance of a series of certificates, entitled Long BeachMortgage Loan Trust,
Asset- Backed Certificates, Series 2000-1 (the "Certificates"), to be issued
pursuant to a pooling and servicing agreement, dated as of December 1, 2000,
among the Registrant as depositor, Long Beach Mortgage Company as master
servicer, First Union National Bank as trustee and Bankers Trust Company of
California, N.A. as trust administrator. The Certificates designated as the
Series 2000-1 Certificates will represent in the aggregate the entire beneficial
ownership interest in a trust fund (the "Trust Fund") consisting primarily of a
pool (the "Mortgage Pool") of conventional, one- to four- family, fixed rate and
adjustable rate, first lien and second lien mortgage loans having original terms
to maturity up to 30 years (the "Mortgage Loans").
Computational Materials
Deutsche Bank Securities Inc. (the "Underwriter") has advised the
Registrant that it has furnished to certain prospective purchasers of
Certificates certain materials, herein referred to as "Computational Materials",
in written form, which Computational Materials are in the nature of data tables
and term sheet information relating to the Mortgage Loans or other assets of the
Trust Fund, the structure of the Certificates and terms of certain classes of
Certificates, and the hypothetical characteristics and hypothetical performance
of certain classes of Certificates under certain assumptions and scenarios.
The Computational Materials have been provided by the Underwriter. The
information in the Computational Materials is preliminary and will be superseded
by the Prospectus Supplement relating to the Certificates and by any other
information subsequently filed with the Commission.
The Computational Materials were prepared by the Underwriter at the
request of certain prospective investors. The Computational Materials may be
based on information that differs from the information set forth in the
Prospectus Supplement.
<PAGE>
-3-
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit No. Description
----------- -----------
99.1 Computational Materials (as defined in Item 5)
that have been provided by Deutsche Bank
Securities Inc. to certain prospective purchasers
of Long Beach Mortgage Loan Trust Asset-Backed
Certificates, Series 2000-1
<PAGE>
-4-
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.
Dated: December 15, 2000
LONG BEACH SECURITIES CORP.
By: /s/Jeffery A. Sorensen
----------------------------
Name: Jeffery A. Sorensen
Title: Vice President
<PAGE>
-5-
Index to Exhibits
Sequentially
Exhibit No. Description Numbered Page
----------- ----------- -------------
99.1 Computational Materials (as defined in Item 5) P
that have been provided by Deutsche Bank
Securities Inc. to certain prospective purchasers
of Long Beach Mortgage Loan Trust Asset-
Backed Certificates, Series 2000-1
<PAGE>
-6-
EXHIBIT 99.1
FILED BY PAPER
