- Current report filing (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 Exchange Act of 1934

Date of Report (Date of earliest event reported): September 17, 2009

Asset Acceptance Capital Corp.

(Exact name of Registrant as specified in its charter)

Delaware

000-50552

80-0076779

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

28405 Van Dyke Avenue

Warren, MI 48093

(Address of principal executive offices)

Registrant’s telephone number, including area code: (586) 939-9600

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 140.14a-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 September 17, 2009, Asset Acceptance, LLC (“Asset”), a wholly-owned subsidiary of Asset Acceptance Capital Corp., entered into a lease of office space at 1100 West Grove Parkway, Tempe, Arizona, for the purpose of relocating its Arizona office.

The Landlord is:

Gateway Montrose, Inc.

c/o RREEF Management Company

4050 East Cotton Center Boulevard, Suite 14

Phoenix, AZ 85040

The leased space is 24,960 square feet of the office building at 1100 West Grove Parkway, Tempe, Arizona.

The term of the lease is 66 months with two options to extend the lease by five years each. Lease commencement occurs following the completion of certain work by the landlord on the premises. Base rent is $26,208 per month.

If Asset exercises its option to extend the lease term, base rent during the extended term of the lease will be established at the then current market rental rate for leases of comparable office space to comparable tenants in the market area at the time of the lease extension.

In addition to base rent, Asset will pay as additional rent its pro rata share of the landlord’s operating expenses of the building, including real estate taxes and insurance.

Item 2.03.

Creation of a Direct Financial Obligation or An Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information required by this Item 2.03 is set forth in Item 1.01 above, which is incorporated herein by reference.

SIGNATURES

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.