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): November 13, 2007 (November 9, 2007)
AMBAC FINANCIAL GROUP, INC.
(Exact name of Registrant as specified in its charter)
Delaware | 1-10777 | 13-3621676 | ||
(State of incorporation) | (Commission file number) | (I.R.S. employer identification no.) |
One State Street Plaza, New York, New York 10004
(Address of principal executive offices) (Zip Code)
(212) 668-0340
(Registrant’s telephone number, including area code)
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 240.14a-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-4c)) |
Item 7.01 | Regulation FD Disclosure |
On November 9, 2007, Ambac Financial Group, Inc. (“Ambac” or the “Company”) posted on its website, a list of Frequently Asked Questions (“FAQs”) by its investors, covering such topics as Ambac’s sources of capital and liquidity, the Company’s mark-to-market on credit default swap (“CDS”) contracts and its reserves, as well as questions regarding ultimate and potential losses and surveillance over its portfolio. The FAQs also cover questions about the market and Ambac’s stock price, including a listing of recently closed deals and its CDS spreads. A copy of the FAQs, filed as Exhibit 99.01 to this Current Report on Form 8-K is incorporated by reference herein.
The information in Item 7.01 of this report is being furnished, not filed, pursuant to Regulation FD. Accordingly, the information in Item 7.01 of this report will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1934, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by the Company, that the information in this report is material or complete or that investors should consider this information before making an investment decision with respect to any security of the Company or any of its affiliates.
Certain statements in this document and the exhibits are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Ambac’s filings with the Securities and Exchange Commission.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
Exhibit Number | Item | |
99.01 | Disclosure on Website – “Frequently Asked Questions” dated November 9, 2007, posted by Ambac Financial Group, Inc. |
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 thereunto duly authorized.
Ambac Financial Group, Inc. | ||||||
(Registrant) | ||||||
Dated: November 13, 2007 | By: | /s/ Anne Gill Kelly | ||||
Anne Gill Kelly | ||||||
Managing Director, Corporate Secretary and Assistant General Counsel |
INDEX TO EXHIBITS
Exhibit Number | Description of Exhibit | |
99.01 | Disclosure on Website – “Frequently Asked Questions” dated November 9, 2007, posted by Ambac Financial Group, Inc. |