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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): November 9, 2000
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AMERICAN BUSINESS FINANCIAL SERVICES, INC.
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(Exact name of registrant as specified in its charter)
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Delaware 000-22474 87-0418807
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
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111 Presidential Boulevard, Bala Cynwyd, PA 19004
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(Address of principal executive offices / Zip Code)
Registrant's telephone number, including area code: (610) 668-2440
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Former name, former address, and former fiscal year,
if changed since last report:
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Forward-Looking Statements
Some of the information in this report on Form 8-K or the documents
incorporated by reference in this report on Form 8-K may contain forward-looking
statements. You can identify these statements by words or phrases such as "will
likely result," "may," "are expected to," "will continue to," "is anticipated,"
"estimate," "projected," "intends to" or other similar words. These
forward-looking statements regarding our business and prospects are based upon
numerous assumptions about future conditions, including negative cash flows from
operations, reliance on debt financing, estimates of the value of interest only
strips, lending to credit impaired borrowers, reliance on securitizations and
write down of value of interest only strips, which may ultimately prove to be
inaccurate. Actual events and results may materially differ from anticipated
results described in those statements. Forward-looking statements involve risks
and uncertainties described under "Risk Factors" as well as other portions of
the Form 8-K, which could cause our actual results to differ materially from
historical earnings and those presently anticipated. When considering
forward-looking statements, you should keep those risk factors in mind as well
as the other cautionary statements in this report on Form 8-K. You should not
place undue reliance on any forward-looking statement.
Item 5. Other Events
On November 9, 2000, the Company announced that it intends to
repurchase up to 20% of its outstanding capital stock at prevailing market
prices over the next year. The Company intends to utilize the services of
various brokers in connection with the repurchase program.
Item 7. Financial Statements and Exhibits
(a) Financial Statements
None
(b) Pro-forma Financial Information
None
(c) Exhibits
None
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SIGNATURE
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 hereunto duly authorized.
AMERICAN BUSINESS FINANCIAL
SERVICES, INC.
Date: December 4, 2000 By: /s/ Anthony J. Santilli
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Anthony J. Santillli
Title: Chairman, President, Chief
Executive Officer, Chief Operating
Officer and Director
