- Annual Report (10-K)
July 23 2009 - 5:08PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 10-K
(Mark One)
x
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the fiscal year ended December 31,
2008
or
o
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the transition period from
to
Commission
File Number: 001-31755
filed on
behalf of:
Corporate
Backed Trust Certificates, Kraft Foods Note-Backed Series 2003-11 Trust
(Exact Name of
Registrant as Specified in Its Charter)
by:
Lehman
ABS Corporation
(Exact Name of
Depositor as Specified in Its Charter)
Delaware
|
|
13-3447441
|
(
State or other jurisdiction of
incorporation or organization)
|
|
(I.R.S. Employer
Identification No.)
|
|
|
|
1271
Avenue of the Americas, New York,
New York
|
|
10020
|
(Address of
principal executive offices)
|
|
(Zip Code)
|
Registrants
telephone number, including area code:
(212) 526-7000
Securities registered
pursuant to Section 12(b) of the Act:
|
Title of
Each Class
|
|
Name
of Each Exchange on Which
Registered
|
|
|
Corporate Backed
Trust Certificates, Kraft Foods Note-Backed Series 2003-11
|
|
New York Stock Exchange (NYSE)
|
|
Securities
registered pursuant to Section 12(g) of the Act:
None
Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405
of the Securities Act.
Yes
o
No
x
Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13
or Section 15(d) of the Act.
Yes
o
No
x
Indicate
by check mark whether the registrant: (1) has 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) has been subject to
such filing requirements for the past 90 days. Yes
x
No
o
Indicate by check mark
whether the registrant has submitted electronically and posted on its corporate
Web site, if any, every Interactive Data File required to be submitted and
posted pursuant to Rule 405 of Regulation S-T (§ 229.405 of this chapter)
during the preceeding 12 months (or for such shorter period that the registrant
was required to submit and post such files). Yes
o
No
o
Indicate by check mark if
disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§
229.405 of this chapter) is not contained herein, and will not be contained, to
the best of 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
Indicate by check mark
whether the registrant is a large accelerated filer, an accelerated filer, or a
non-accelerated filer. See definition of
accelerated filer and large accelerated filer in Rule 12b-2 of the
Exchange Act. (Check one):
Large
Accelerated Filer
o
|
|
Accelerated
Filer
o
|
|
|
|
Non-Accelerated
Filer
x
|
|
Smaller
reporting company
o
|
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2
of the Act). Yes
o
No
x
State the
aggregate market value of the voting and non-voting common equity held by
nonaffiliates computed by reference to the price at which the common equity was
last sold, or the average bid and asked price of such common equity, as of the
last business day of the registrants most recently completed second fiscal
quarter.
The
registrant has no voting stock or class of common stock that is held by
nonaffiliates.
DOCUMENTS INCORPORATED BY REFERENCE
The distribution
reports to security holders filed on Form 8-K during the fiscal year in
lieu of reports on Form 10-Q which include the reports filed on Form 8-K
listed in Item 15(a) hereto are incorporated by reference into part IV of
this Annual Report.
Introductory Note
Lehman ABS
Corporation (the Depositor) is the Depositor in respect of the Corporate
Backed Trust Certificates, Kraft Foods Note-Backed Series 2003-11 Trust
(the Trust), a common law trust formed pursuant to the Standard Terms for
Trust Agreements, dated as of January 16, 2001,
between
the Depositor and U.S. Bank Trust National Association, as trustee (the Trustee),
as supplemented by a Series Supplement (the Series Supplement)
dated as of July 24, 2003
in respect of
the Trust. The Trusts assets consist
solely of notes issued by Kraft Foods Inc. The Certificates do not represent
obligations of or interests in the Depositor or the Trustee.
The Registrant is
a wholly-owned, indirect subsidiary of Lehman Brothers Holdings Inc. (LBHI),
which filed a voluntary petition (the Petition) for relief under Chapter 11
of the United States Code in the United States Bankruptcy Court for the
Southern District of New York on September 15, 2008 in a jointly
administered proceeding named In re Lehman Brothers Holdings Inc., et. al.
under Case Number 08-13555. LBHI and its wholly-owned broker-dealer, Lehman
Brothers Inc., have sold since September 15, 2008 significant businesses,
including the sale on September 21, 2008 of the investment banking
business to Barclays Capital Inc., which business included the employees who
historically conducted the Registrants business. As a result of the foregoing,
the Registrant discontinued its securitization business and the individuals
previously involved in such securitization business are no longer employed by
the Registrants affiliates.
Accordingly, the Registrant was unable to timely file its Annual Report
on Form 10-K for the fiscal year ended on December 31, 2008, and
filed a Form 12b-25 on April 2, 2009 in connection therewith.
Kraft Foods
Inc., the issuer of the underlying securities, is
subject to the information reporting requirements of the Securities Exchange
Act of 1934, as amended (the Exchange Act).
For information on the issuer of the
underlying securities, please see its periodic and current reports filed with
the Securities and Exchange Commission (the Commission) under Kraft Foods
Inc.s Exchange Act file number, 001-16483.
The Commission maintains a site on the World Wide Web at http://www.sec.gov
at which users can view and download copies of reports, proxy and information
statements and other information
regarding issuers filed electronically through the Electronic Data
Gathering, Analysis and Retrieval system, or EDGAR. Periodic and current reports and other
information required to be filed pursuant to the Exchange Act by the issuer of
the underlying securities may be accessed on this site. Neither the Depositor nor the Trustee
has participated in the preparation of such reporting documents, or made any
due diligence investigation with respect to the information provided
therein. Neither the Depositor nor the
Trustee has verified the accuracy or completeness of such documents or
reports. There can be no assurance that
events affecting the issuer of the
underlying securities or the underlying securities have not occurred or
have not yet been publicly disclosed which would affect the accuracy or
completeness of the publicly available documents described above.
2
PART I
Item 1. Business.
Not Applicable
Item 1A. Risk Factors.
Not Applicable
Item 1B. Unresolved Staff Comments.
Not Applicable
Item 2. Properties
.
Not Applicable
Item 3. Legal Proceedings.
None
Item 4. Submission of Matters to a Vote of Security
Holders.
None
PART II
Item 5. Market for Registrants Common Equity,
Related Stockholder Matters and Issuer Purchases of Equity Securities.
The publicly offered Certificates representing investors interest in
the Trust are represented by one or more physical Certificates registered in
the name of Cede & Co., the
nominee of The Depository Trust Company. Those publicly offered Certificates are
listed on the NYSE.
Item 6. Selected Financial Data.
Not Applicable
Item 7.
Managements
Discussion and Analysis of Financial Condition and Results of Operation.
Not Applicable
Item 7A.
Quantitative and Qualitative Disclosures About Market Risk.
Not Applicable
Item 8. Financial
Statements and Supplementary Data.
Not Applicable
Item 9. Changes in and
Disagreements With Accountants on Accounting and Financial Disclosure.
None
Item 9A. Controls and Procedures.
Not
Applicable
Item 9A(T). Controls and Procedures.
Not
Applicable
Item 9B. Other Information.
The
Issuer has filed the distribution report to security holders for the period
ending November 1, 2008 on Form 8-K, dated July 21, 2009.
3
PART III
Item 10. Directors, Executive Officers and Corporate
Governance.
Not
Applicable
Item 11. Executive Compensation.
Not
Applicable
Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters.
Not
Applicable
Item 13. Certain Relationships and Related
Transactions, and Director Independence.
None
Item 14. Principal Accountant Fees and Services.
Not
Applicable
PART IV
Item 15. Exhibits, Financial Statement Schedules.
(a) The following documents have been
filed as part of this report.
1.
Trustees Distribution Statements
documented on Form 8-K regarding the distributions from the Trust to the
certificateholders for the period from January 1, 2008 through and
including December 31, 2008 have been filed with the Securities and
Exchange Commission and are hereby incorporated by reference. Filing dates are listed below:
Trust Description
|
|
Distribution Date
|
|
Filed on
|
Corporate Backed
Trust Certificates, Kraft Foods Note-Backed Series 2003-11 Trust
|
|
05/01/2008
11/01/2008
|
|
05/09/2008
07/21/2009
|
2.
None
3.
Exhibits:
31.1 Certification by Senior Vice President of the
Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302
of the Sarbanes-Oxley Act of 2002.
31.2 Annual Compliance Report by Trustee pursuant to
15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
31.3 Report of Aston Bell, CPA.
(b) See Item 15(a) above.
(c) Not Applicable.
4
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized. In preparing this report the Registrant has
relied on Distribution Statements provided to it by the Trustee.
|
|
Lehman ABS
Corporation, as Depositor for the Trust (the Registrant)
|
|
|
|
|
|
|
|
|
Dated:
|
July 23, 2009
|
By:
|
/s/ William Fox
|
|
|
Name:
|
William Fox
|
|
|
Title:
|
Chief Financial
Officer, Controller and
Senior Vice President
|
5
EXHIBIT
INDEX
Reference
Number per
Item 601 of
Regulation SK
|
|
Description of Exhibits
|
|
Exhibit Number
in this Form 10-K
|
(31.1)
|
|
Certification by
Senior Vice President of the Registrant pursuant to 15 U.S.C.
Section 7241, as adopted pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
|
31.1
|
(31.2)
|
|
Annual
Compliance Report by Trustee pursuant to 15 U.S.C. Section 7241, as
adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
31.2
|
(31.3)
|
|
Report of Aston
Bell, CPA.
|
|
31.3
|
6
Lehman Abs Kraft (NYSE:JZT)
Historical Stock Chart
From May 2024 to Jun 2024
Lehman Abs Kraft (NYSE:JZT)
Historical Stock Chart
From Jun 2023 to Jun 2024