As filed with the Securities and Exchange Commission on September 20, 2012

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 10

 

GENERAL FORM FOR REGISTRATION OF SECURITIES

PURSUANT TO SECTION 12(b) OR 12(g)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

ALTISOURCE ASSET MANAGEMENT CORPORATION

(Exact name of registrant as specified in its charter)

 

United States Virgin Islands

 

66-0783125

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification number)

 

402 Strand St.

Frederiksted, United States Virgin Islands 00840-3531

(Address of principal executive offices)

 

Registrant’s telephone number, including area code:

(340) 692-1055

 

 

Securities to be registered pursuant to Section 12(g) of the Act:

 

Title of each class

 

Name of each exchange on which each class is to be 
registered

Common Stock, $0.01 par value per share

 

[    ]

 

Securities to be registered pursuant to Section 12(b) of the Act:  None

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-

accelerated filer, or a smaller reporting company.  See the definition of “large accelerated filer,”

“accelerated filer,” “non-accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer o

 

Accelerated filer o

 

Non-accelerated filer o

(Do not check if a smaller
reporting company)

 

Smaller reporting company x

 

 

 


 

ALTISOURCE ASSET MANAGEMENT CORPORATION

 

Cross-Reference Sheet Between the Information Statement and Item of Form 10

 

Our information statement may be found as Exhibit 99.1 to this Form 10.  For your convenience, we have provided below a cross-reference sheet identifying where the items required by Form 10 can be found in the information statement.

 

Item No.

 

Caption

 

Location in Information Statement

 

 

 

 

 

1.

 

Business

 

See “Summary,” “Forward-Looking Statements,” “The Separation,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business”

 

 

 

 

 

1A.

 

Risk Factors

 

See “Risk Factors” and “Forward-Looking Statements”

 

 

 

 

 

2.

 

Financial Information

 

See “Summary,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”

 

 

 

 

 

3.

 

Properties

 

See “Business—Properties and Facilities”

 

 

 

 

 

4.

 

Security Ownership of Certain Beneficial Owners and Management

 

See “Security Ownership of Certain Beneficial Owners and Management”

 

 

 

 

 

5.

 

Directors and Executive Officers

 

See “Management”

 

 

 

 

 

6.

 

Executive Compensation

 

See “Management”

 

 

 

 

 

7.

 

Certain Relationships and Related Transactions, and Director Independence

 

See “Summary,” “Risk Factors,” “Relationship Between Altisource and Us Following the Separation,” “Management” and “Certain Relationships and Related Party Transactions”

 

 

 

 

 

8.

 

Legal Proceedings

 

See “Business—Legal Proceedings”

 

 

 

 

 

9.

 

Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters

 

See “The Separation” and “Description of Capital Stock”

 

 

 

 

 

10.

 

Recent Sales of Unregistered Securities

 

None

 

 

 

 

 

11.

 

Description of Registrant’s Securities to be Registered

 

See “Description of Capital Stock”

 

 

 

 

 

12.

 

Indemnification of Directors and Officers

 

See “Indemnification of Directors and Officers”

 

 

 

 

 

13.

 

Financial Statements and Supplementary Data

 

See “Summary,” and “Index to Financial Statements” and the financial statements referenced therein

 

 

 

 

 

14.

 

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 

None

 

 

 

 

 

15.

 

Financial Statements and Exhibits

 

See “Index to Financial Statements” and the financial statements referenced therein

 

ii


 

(a)                                  List of Financial Statements and Schedules.

 

The following financial statements are included in the information statement and filed as part of this registration statement on Form 10:

 

(1)                                  Financial Statements of Altisource Asset Management Corporation including Report of Independent Registered Certified Public Accounting Firm.

 

(b)                                 Exhibits.  The following documents are filed as exhibits hereto.

 

Exhibit
Number

 

Exhibit Description

 

 

 

2

.1*

 

Form of Separation Agreement between Altisource Asset Management Corporation and Altisource Solutions S.à r.l.

 

 

 

 

3

.1*

 

Articles of Incorporation of Altisource Asset Management Corporation.

 

 

 

 

3

.2*

 

Certificate of Amendment (Articles of Incorporation) of Altisource Asset Management.

 

 

 

 

3

.3*

 

Second Certificate of Amendment (Articles of Incorporation) of Altisource Asset Management Corporation.

 

 

 

 

3

.4*

 

Bylaws of Altisource Asset Management Corporation.

 

 

 

 

10

.1*

 

Form of Support Services Agreement between Altisource Asset Management Corporation and Altisource Solutions S.à r.l.

 

 

 

 

10

.2*

 

Form of Tax Matters Agreement between Altisource Asset Management Corporation and Altisource Solutions S.à r.l.

 

 

 

 

10

.3*

 

Form of Asset Management Agreement between Altisource Asset Management Corporation and Altisource Residential Corporation.

 

 

 

 

10

.4*

 

Form of Trademark License Agreement between Altisource Asset Management Corporation and Altisource Solutions S.à r.l.

 

 

 

 

10

.5*

 

Form of Asset Management Agreement between Altisource Asset Management Corporation and NewSource Reinsurance Company Ltd.

 

 

 

 

10

.6*

 

Form of Shareholders’ Agreement among Altisource Asset Management Corporation, Altisource Residential Corporation and NewSource Reinsurance Company Ltd.

 

 

 

 

10

.7*

 

Form of Title Services Agreement between NewSource Reinsurance Company Ltd. and Altisource Solutions S.à r.l.

 

 

 

 

10

.8*

 

Form of Management Agreement between NewSource Reinsurance Company Ltd. and Marsh IAS Management Services (Bermuda) Ltd.

 

 

 

 

10

.9*

 

Form of Technology Products and Services Agreement between Altisource Asset Management Corporation and Altisource Solutions S.à r.l.

 

 

 

 

99

.1

 

Preliminary Information Statement of Altisource Asset Management Corporation, subject to completion, dated [ ], 2012.

 

iii


 

 

 

 

* To be filed by amendment.

 

iv


 

SIGNATURE

 

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement on Form 10 to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Altisource Asset Management Corporation

 

 

 

 

 

 

By:

/s/ William C. Erbey

 

Name:

William C. Erbey

 

Title:

Chairman

 

 

Dated: September 20, 2012

 

 

v