- Annual Report (10-K)
March 31 2010 - 3:20PM
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,
200
9
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: 001-31529
filed on
behalf of:
Corporate
Backed Trust Certificates, Bristol-Myers Squibb Debenture-Backed Series 2002-18
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:
(
646
)
285-9000
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, Bristol-Myers Squibb Debenture-Backed Series 2002-18
|
|
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 (§ 232.405 of this chapter) during the preceding 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 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, Bristol-Myers Squibb Debenture-Backed Series 2002-18 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 October 31, 2002
in respect of
the Trust. The Trusts assets consist
solely of debentures issued by Bristol-Myers Squibb Company. 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.
Bristol-Myers Squibb
Company,
the
underlying securities issuer, is subject to the information reporting
requirements of the Securities Exchange Act of 1934, as amended (the Exchange
Act). For information on the underlying securities issuer, please see its
periodic and current reports filed with the Securities and Exchange Commission
(the Commission) under Bristol-Myers Squibb Companys Exchange Act file number, 001-01136. 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 underlying securities issuer 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 underlying securities issuer 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.
None
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 of Corporate Backed Trust Certificates,
Bristol-Myers Squibb Debenture-Backed Series 2002-18 Trust to the
certificateholders for period of January 1, 200
9
through and including December 31, 200
9
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, Bristol-Myers Squibb Debenture-Backed
Series 2002-18 Trust
|
|
02/02/2009
08/03/2009
|
|
07/21/2009
10/01/2009
|
|
2.
None.
3.
Exhibits:
31.1 Certification by
Executive
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.
The trust covered by this Annual Report was formed
prior to June 30, 2003 and there is no requirement in the trust agreement
for the preparation of a report by an independent public accountant regarding
the trustees compliance with its obligations.
(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:
March 31
, 20
10
|
By:
|
/s/ William
J.
Fox
|
|
Name:
|
William
J.
Fox
|
|
Title:
|
Chief Financial Officer
and
|
|
|
Executive 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
Executive
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
|
6
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