-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LQGo3QuaoFL0aVOAWIgYtuVyuba8PAUIB31TiQ4+ssc93aNLIBJXeJ0ifHl+aRoj w4pHTMTD+C5bv9hlh5/92w== 0001193125-05-147041.txt : 20050722 0001193125-05-147041.hdr.sgml : 20050722 20050722133339 ACCESSION NUMBER: 0001193125-05-147041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050718 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20050722 DATE AS OF CHANGE: 20050722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AAMES INVESTMENT CORP CENTRAL INDEX KEY: 0001282552 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 341981408 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32340 FILM NUMBER: 05968210 BUSINESS ADDRESS: STREET 1: 350 SOUTH GRAND AVENUE STREET 2: 43RD FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 323-210-5000 MAIL ADDRESS: STREET 1: 350 SOUTH GRAND AVENUE STREET 2: 43RD FL CITY: LOS ANGELES STATE: CA ZIP: 90071 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

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

 

July 18, 2005

Date of Report (Date of earliest event reported)

 

 

AAMES INVESTMENT CORPORATION

(Exact name of Registrant as specified in its charter)

 

 

Maryland

(State or other jurisdiction of incorporation)

 

1-32340   34-1981408
(Commission File Number)   (IRS employer identification no.)

 

350 South Grand Ave, 43rd Floor

Los Angeles, CA 90071

(Address of principal executive offices)(Zip Code)

 

(323) 210-5000

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 1.01 Entry into a Material Definitive Agreement

 

On July 11, 2005, the Company announced that it had hired John A. Vella as President and Chief Operating Officer. Mr. Vella’s compensatory arrangement is disclosed below in Item 5.02 and incorporated herein by reference.

 

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

 

On July 18, 2005, the Company appointed John A. Vella, 45 years of age, as President and Chief Operating Officer. Mr. Vella previously served as Chief Sales Officer for Option One Mortgage, a national subprime lender and prior thereto, as Chief Administrative Officer at Option One Mortgage since 2002 where he managed, among other things, loan servicing and information technology departments. Prior to joining Option One Mortgage, Mr. Vella was Chief Executive Officer of Household Auto Finance, a division of Household International, from 1999 to 2002. In addition, Mr. Vella has served in management positions at GMAC, Freddie Mac, and Fleet National Bank.

 

In connection with Mr. Vella’s appointment, he received a two year employment agreement providing for a base salary of $350,000 per year. Mr. Vella will be eligible to participate in the Company’s executive bonus plan and in the Company’s health, insurance and other employee plans and benefits. Mr. Vella will be awarded 100,000 shares of restricted common stock pursuant to the Company’s Amended and Restated 2004 Equity Incentive Plan. These shares will vest in four equal annual installments, with the first installment vesting on the first anniversary date of grant.

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

AAMES INVESTMENT CORPORATION
By:  

/s/ Patrick D. Grosso

    Patrick D. Grosso
    Assistant Secretary
    Dated: July 22, 2005
 -----END PRIVACY-ENHANCED MESSAGE-----