-----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, VcLKAhGBrt/jMBZx4e5CS6yMs0VkFE/YVhGPZHl8JyJs+YJrhG1tYtGXl7YoylY3 D5gSvDhuy5SngXpuFvv3bg== 0001047469-99-013003.txt : 19990402 0001047469-99-013003.hdr.sgml : 19990402 ACCESSION NUMBER: 0001047469-99-013003 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICREDIT CORP CENTRAL INDEX KEY: 0000804269 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 752291093 STATE OF INCORPORATION: TX FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 001-10667 FILM NUMBER: 99583128 BUSINESS ADDRESS: STREET 1: 200 BAILEY AVENUE CITY: FORT WORTH STATE: TX ZIP: 76107 BUSINESS PHONE: 8173327000 MAIL ADDRESS: STREET 1: 200 BAILEY AVENUE CITY: FORT WORTH STATE: TX ZIP: 76107 FORMER COMPANY: FORMER CONFORMED NAME: URCARCO INC DATE OF NAME CHANGE: 19920703 10-K 1 10-K FORM 10-K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the year ended December 31, 1998. OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AT OF 1934. For the transition period from ______________ to ___________________. AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 1998-A, ISSUER AMERICREDIT FINANCIAL SERVICES, INC., AS SPONSOR OF THE TRUST AFS FUNDING CORP., AS SELLER (exact name of Registrants as specified in their charters) 200 Bailey Avenue Fort Worth, Texas 76107 (817) 332-7000 (Address and Telephone Number of Principal Executive Office) Securities Registered Pursuant to Section 12(b) of the Securities Exchange Act of 1934: None. Securities Registered Pursuant to Section 12(g) of the Securities Exchange Act of 1934: None Indicate by check mark whether the Registrants (1) have 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) have 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 is not contained herein, and will not be contained, to the best of the Registrants' 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] The aggregate market value of the voting stock held by non-affiliates of the Registrants. None. As of March 22, 1999, there were 1,000 shares of AmeriCredit Financial Services, Inc. Common Stock outstanding and 1,000 shares of AFS Funding Corp. common stock outstanding. The Registrants meet the conditions set forth in General Instruction (I)(1)(a) and (b) of Form 10-K and is therefore filing this Form 10-K with the reduced disclosure format permitted thereunder. PART I ITEM 1. BUSINESS AFS Funding Corp. is a wholly-owned bankruptcy-remote subsidiary of AmeriCredit Financial Services, Inc.; AmeriCredit Automobile Receivables Trust 1998-A is a bankruptcy-remote Delaware Business Trust. The Trust was formed solely for the purpose of acquiring from AFS Funding Corp. certain motor vehicle retail installment sales contracts (the "Contracts") and interests in the automobiles underlying the contracts, and securitizing the contracts through the issuance of debt securities (the "Notes"). As bankruptcy-remote entities, AFS Funding Corp. and the Trust are restricted so that (a) they do not engage in business with, or incur liabilities to, any other entity (other than the Trustee on behalf of the holders of the Notes) which may bring bankruptcy proceedings against AFS Funding Corp. or the Trust and (b) the risk that they will be consolidated into the bankruptcy proceedings of any other entity is diminished. AFS Funding Corp. and the Trust have no other assets other than the Contracts and an interest in the automobiles underlying the Contracts, and proceeds thereof. ITEM 2. PROPERTIES None. ITEM 3. LEGAL PROCEEDINGS None. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS None. PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS The sole holder of AmeriCredit Financial Services, Inc.'s equity shares is AmeriCredit Corp. and the sole holder of AFS Funding Corp.'s equity shares is AmeriCredit Financial Services, Inc. There is currently no market for the equity shares of AmeriCredit Financial Services, Inc. or AFS Funding Corp. nor is it anticipated that such a market will develop. ITEM 6. SELECTED FINANCIAL DATA Not Applicable. ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Not Applicable. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA Not Applicable. ITEM 9. CHANGE IN AND DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE None. PART III ITEM 10. DIRECTORS AND OFFICERS OF THE REGISTRANT Not Applicable ITEM 11. EXECUTIVE COMPENSATION Not Applicable. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT Not Applicable. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS Not Applicable. PART IV ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K The exhibits filed in response to Item 601 of Regulation S-K are listed in the Index to Exhibits SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, AFS Funding Corp. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AFS FUNDING CORP. By: /s/ Preston Miller ------------------------------------------------- Name: Preston Miller Title: Executive Vice President and Treasurer Dated: March 30, 1999 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, AmeriCredit Financial Services, Inc. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AMERICREDIT FINANCIAL SERVICES, INC. By: /s/ Preston Miller ------------------------------------------------- Name: Preston Miller Title: Executive Vice President and Treasurer Dated: March 30, 1999 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, AmeriCredit Automobile Receivables Trust 1998-A has duly caused this report to be signed on its behalf by the unersigned, thereunto duly authorized. AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 1998-A By: AMERICREDIT FINANCIAL SERVICES, INC., as sponsor and as servicer By: /s/ Preston Miller ------------------------------------------------- Name: Preston Miller Title: Executive Vice President and Treasurer Dated: March 30, 1999 EXHIBIT INDEX 99.1 Servicer's Report for monthly period ended March 31, 1998, incorporated by reference to the Form 8-K, filed with the SEC on April 15, 1998. 99.2 Servicer's Report for monthly period ended April 30, 1998, incorporated by reference to the Form 8-K, filed with the SEC on May 14, 1998. 99.3 Servicer's Report for monthly period ended May 31, 1998, incorporated by reference to the Form 8-K, filed with the SEC on June 12, 1998. 99.4 Servicer's Report for monthly period ended June 30, 1998, incorporated by reference to the Form 8-K, filed with the SEC on July 15, 1998. 99.5 Servicer's Report for monthly period ended July 31, 1998, incorporated by reference to the Form 8-K, filed with the SEC on August 7, 1998. 99.6 Servicer's Report for monthly period ended August 31, 1998, incorporated by reference to the Form 8-K, filed with the SEC on September 15, 1998. 99.7 Servicer's Report for monthly period ended September 30, 1998, incorporated by reference to the Form 8-K, filed with the SEC on October 15, 1998. 99.8 Servicer's Report for monthly period ended October 31, 1998, incorporated by reference to the Form 8-K, filed with the SEC on November 12, 1998. 99.9 Servicer's Report for monthly period ended November 30, 1998, incorporated by reference to the Form 8-K, filed with the SEC on December 16, 1998. 99.10 Servicer's Report for monthly period ended December 31, 1998, incorporated by reference to the Form 8-K, filed with the SEC on January 14, 1999. 99.11 Servicer's Report for monthly period ended January 31, 1999, incorporated by reference to the Form 8-K, filed with the SEC on February 12, 1999. 99.12 Servicer's Report for monthly period ended February 28, 1999, incorporated by reference to the Form 8-K, filed with the SEC on March 15, 1999. -----END PRIVACY-ENHANCED MESSAGE-----