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 Exchange Act of 1934
Date of Report (Date of earliest event reported): August 10, 2011
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
(Exact name of registrant as specified in its charter)
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| Luxembourg
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001-34354
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.) |
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291, route d’Arlon
L-1150 Luxembourg
Grand Duchy of Luxembourg
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: +352 24 69 79 00
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(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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 August 10, 2009, Ocwen Financial Corporation (“Ocwen”) completed the previously announced
distribution (the “Distribution”) of its Ocwen Solutions business and related assets via the
spin-off of a separate publicly-traded company, Altisource Portfolio Solutions S.A. (the
“Company”). The Distribution was effected pursuant to a Separation Agreement, dated as of August
10, 2009, between Ocwen and the Company (the “Separation Agreement”), which provided, among
other things, for certain other agreements governing the Company’s relationship with Ocwen after
the Distribution. One of those agreements was the Transition Services Agreement dated August 10,
2009 (the “Transition Services Agreement”) which outlined certain services Ocwen would provide the
Company and certain services the Company would provide to Ocwen post-separation for a time period
not to exceed 24 months for most services. The Transition Services Agreement was previously
filed as Exhibit 10.3 to the Company’s Form 8-K filed on August 13, 2009 and is
incorporated herein by reference.
On August 10, 2011, Ocwen and Altisource Solutions S.à r.l., the Company’s wholly owned
subsidiary, entered into the First Amendment to the Transition Services Agreement (the “Amendment”)
to provide for extension of certain services for a maximum of 12 months. A copy of the Amendment
is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing
description of the Amendment does not purport to be complete and is qualified in its entirety by
reference to the Amendment.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
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10.1 |
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First Amendment to the Transition Services Agreement, dated as of August 10, 2011,
by and between Ocwen Financial Corporation and Altisource Solutions S.à r.l. |
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